Topcon Positioning Systems Announces Retirement Plan of Ray O’Connor, Appointment of Ivan Di Federico as New President and CEO
August 19 2024 - 9:39PM
Business Wire
Topcon Positioning Systems has announced that Ray O’Connor,
president and chief executive officer, will retire in September
2025 after over three decades of exceptional leadership. O’Connor
will transition to the role of Chairman of the Topcon Positioning
Systems Board of Directors effective September 1, 2024, providing
guidance and support to the executive leadership team during this
important year of transition.
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Succeeding O’Connor as president and CEO is Ivan Di Federico,
who currently serves as executive vice president and chief strategy
officer for Topcon Positioning Systems. After two decades with the
company, Di Federico will assume his new role on September 1,
2024.
“It has been a true privilege to lead Topcon Positioning Systems
for the past three decades and witness the incredible growth and
evolution of the company,” said Ray O’Connor. “I am immensely proud
of what our team has accomplished, and confident that Ivan is the
right leader to take the company into the future. His deep
technical expertise, strategic vision, and proven track record of
driving innovation make him the ideal choice to lead the company
through its next chapter of growth and success.”
Under O’Connor’s leadership, Topcon Positioning Systems has
experienced dramatic organic growth and expansion into new markets
and product lines. During his tenure, he was responsible for
numerous key acquisitions, as well as the expansion into GNSS,
radios, machine automation, and global positioning software and
workflow solutions for the construction and precision agriculture
industries.
“Ray has made significant contributions to the global
positioning industry through his many patents, inspired by his
product vision and application experience — I am honored to succeed
him as president and CEO of Topcon Positioning Systems,” said Ivan
Di Federico. “Ray has built an exceptional company and a talented
team, and I look forward to building upon this strong foundation to
drive continued innovation and growth. As we navigate an
increasingly complex and rapidly evolving market landscape, I am
confident that our strategic focus, operational excellence, and
world-class solutions will position the company for continued
success.”
In addition to the leadership transition, Topcon also announced
that Philip Thach will be promoted to executive vice president
(EVP) chief operating officer, and EVP chief financial officer,
effective September 1, 2024. Thach joined Topcon in 2018 as CFO and
has been instrumental in developing financial controls, strategic
planning, and operational efficiencies.
The announcement of these executive leadership changes reflects
Topcon’s commitment to a thoughtful and well-planned succession
process that will ensure a smooth transition and continued momentum
for the company, while maintaining its customer-centric culture and
values. With a strong leadership team in place, Topcon is poised to
build on its history of innovation and market leadership.
For more information on Topcon Positioning Systems, visit
topconpositioning.com.
About Topcon Positioning Systems
Topcon Positioning Systems is an industry-leading designer,
manufacturer and distributor of precision measurement and workflow
solutions for the global construction, geospatial and agriculture
markets. Topcon Positioning Systems is headquartered in Livermore,
California, U.S. (topconpositioning.com, LinkedIn, Twitter,
Facebook, Instagram). Its European head office is in Zoetermeer,
Netherlands. Topcon Corporation (topcon.com), founded in 1932, is
traded on the Tokyo Stock Exchange (7732).
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Press Contact: Topcon Positioning Systems Staci
Fitzgerald CorpComm@topcon.com +1 925-245-8610