Teradyne Announces CEO Succession
November 15 2022 - 4:05PM
The Teradyne (Nasdaq: TER) Board of Directors today named Gregory
Smith to succeed Mark E. Jagiela as CEO effective February 1, 2023.
Mr. Smith will join the Board of Directors on the same date.
Mr. Smith is currently the Company’s President and
a sixteen year veteran of Teradyne. Prior to his promotion to
Company President earlier in 2022, he held a variety of management
roles until his appointment in 2016 as President of the
Semiconductor Test Division, the company’s largest operating unit.
In 2020, Greg became President of Teradyne’s newly created
Industrial Automation Group to further the company’s leadership in
the emerging markets for collaborative robots and autonomous mobile
robots.
Mr. Jagiela’s forty-plus year career at Teradyne
started right out of college as a design engineer for semiconductor
test equipment. He subsequently held a variety of roles in the
company, including ten years as General Manager of Teradyne’s Japan
Division and ten years as the Semiconductor Test Division
President. Mr. Jagiela became Teradyne CEO in 2014 and will retire
effective February 1, 2023.
“Mark has been an incredibly effective leader of
Teradyne and leaves the company on a solid footing for future
growth,” said 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,” said 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
innovations such as smart devices, life-saving medical equipment
and data storage systems to market, faster. Its advanced test
solutions for semiconductors, electronic systems, wireless devices
and more ensure that products perform as they were designed. Its
Industrial Automation offerings include collaborative and mobile
robots that help manufacturers of all sizes improve productivity
and lower costs. In 2021, Teradyne had revenue
of $3.7 billion and today employs over 6,500 people
worldwide. For more information,
visit teradyne.com. Teradyne® is a registered
trademark of Teradyne, Inc. in the U.S. and other
countries.
For more information, contact:
Andrew BlanchardInvestor RelationsTel.
978.370.2425investorrelations@teradyne.com
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