NORTH READING, Mass., Nov. 15, 2022 (GLOBE NEWSWIRE) — The Teradyne (Nasdaq: TER) Board of Directors immediately named Gregory Smith to succeed Mark E. Jagiela as CEO efficient February 1, 2023. Mr. Smith will be a part of the Board of Directors on the identical date.
Mr. Smith is presently the Company’s President and a sixteen yr veteran of Teradyne. Prior to his promotion to Company President earlier in 2022, he held a wide range of administration roles till his appointment in 2016 as President of the Semiconductor Test Division, the corporate’s largest working unit. In 2020, Greg grew to become President of Teradyne’s newly created Industrial Automation Group to additional the corporate’s management within the rising markets for collaborative robots and autonomous cell robots.
Mr. Jagiela’s forty-plus yr profession at Teradyne began proper out of school as a design engineer for semiconductor take a look at tools. He subsequently held a wide range of roles within the firm, together with ten years as General Manager of Teradyne’s Japan Division and ten years because the Semiconductor Test Division President. Mr. Jagiela grew to become Teradyne CEO in 2014 and can retire efficient February 1, 2023.
“Mark has been an incredibly effective leader of Teradyne and leaves the company on a solid footing for future growth,” mentioned Teradyne Chairman Paul Tufano. “Through his leadership the company delivered a steady progression of industry leading products and improved financial performance in its core test businesses and added a new growth vector to the company with its entry into the Industrial Automation industry. As Greg takes over as CEO, he does so with a deep understanding of the technical and commercial aspects of our test and Industrial Automation businesses and with a proven track record as a company leader.”
“Teradyne’s success has come through the creative innovation, operational excellence and customer focus of our world class team of employees,” mentioned Mr. Smith. “I am proud to lead this talented and dedicated team as we work together to deliver increased value to our customers and shareholders.”
About Teradyne
Teradyne (NASDAQ:TER) brings high-quality improvements akin to good gadgets, life-saving medical tools and information storage techniques to market, quicker. Its superior take a look at options for semiconductors, digital techniques, wi-fi gadgets and extra make sure that merchandise carry out as they have been designed. Its Industrial Automation choices embody collaborative and cell robots that assist producers of all sizes enhance productiveness and decrease prices. In 2021, Teradyne had income of $3.7 billion and immediately employs over 6,500 folks worldwide. For extra data, go to teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc. within the U.S. and different international locations.
For extra data, contact:
Andrew Blanchard
Investor Relations
Tel. 978.370.2425
[email protected]
