SPX Corporation announced Tuesday that Meenal Sethna has been appointed as an independent director of the company’s board, effective October 1.

Sethna will receive a $75,000 annual cash retainer as well as $130,000 worth of restricted stock units in her role.

Sethna has also been appointed to serve on the board’s audit committee. She is currently the chief financial officer of Littelfuse Inc., a Nasdaq-listed circuit technologies company.

“As a sitting CFO, Meenal brings a unique perspective, and we look forward to her contributions as a valued member of our team,” said Gene Lowe, SPX president and CEO.

SPX is a supplier of engineered products and technologies. The company had approximately $1.4 billion in annual revenue in 2018.

Shares of SPX were trading at $37.81 Wednesday, up 25 cents.