Teledyne Appoints CEO & New Executives
Part of its succession planning, Teledyne's current CEO will be replaced and three Executives will take on new positions.
The Board of Directors of Teledyne Technologies Incorporated have confirmed that Robert Mehrabian will resume the role of Chairman, President and Chief Executive Officer (CEO) upon the retirement of the current President and Chief Executive Officer, Al Pichelli.
Dr Mehrabian’s contract will remain through December 2023, following Pichelli’s retirement on October 15, 2021. In addition, three other Teledyne Executives – Edwin Roks, Jason VanWees and George C. Bobb III – were promoted as part of succession planning.
“Al has provided over 40 years of operational leadership and hands-on management, and I want to congratulate and thank Al for his outstanding service and loyalty to Teledyne”, said Robert Mehrabian, Executive Chairman. “In 1999, Al was General Manager of one of our Instrumentation companies.
An early champion for acquisitions, Al progressed to lead our Instrumentation and Aerospace businesses, was named Chief Operating Officer in 2015, then served as Teledyne’s President and later CEO for the past three years. While we shall miss Al, my personal engagement and oversight will continue to be as strong as ever, but with additional help from our next generation of leaders”.
Upon the acquisition of Teledyne FLIR on May 14, 2021, Edwin Roks was promoted to Executive Vice President of Teledyne. Edwin remains President of Teledyne’s Digital Imaging businesses, which now include Teledyne FLIR and represent pro forma annual revenue of approximately $3.0 billion.
Edwin joined Teledyne in 2011 with the acquisition of Teledyne DALSA and gained increasing levels of operational responsibility, including integration of acquisitions over the last decade, as well as serving as Teledyne’s Chief Technology Officer in 2014 and 2015.
Jason VanWees, current Executive Vice President, will become Vice Chairman with continuing responsibility for strategy, mergers & acquisitions, investor relations and margin improvement programs. Along with Robert Mehrabian, Teledyne says “Jason has overseen a disciplined capital allocation the evolution of Teledyne into a more attractive, higher-margin, industrial-technology company with compound annual shareholder return of 19.9% over the past 21+ years as an independent company”.
George C. Bobb III, who joined Teledyne in 2008 and previously served as Teledyne’s Chief Compliance Officer, will become Senior Vice President of Teledyne. Bobb lll will remain President of Teledyne’s Aerospace and Defense Electronics Segment and will resume leadership for classified Digital Imaging programs and Teledyne’s Information Technology efforts, as well as oversee the management of Teledyne’s Marine Instrumentation group.
You can find more information about Teledyne and the appointment of its new executives and CEO on the company’s website.
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