Company announces CEO transition plan
National Instruments (NI) (Nasdaq: NATI) announced that its board of directors has elected Alex Davern to serve as chief executive officer (CEO) and president of National Instruments, effective January 1, 2017. Davern will succeed Dr. James Truchard, who has served as the CEO of NI since the company’s founding in 1976. Dr. Truchard will remain as chairman of the board. The board of directors plans to appoint Mr. Davern to the board by the end of January 2017. This transition is being undertaken as part of the Board’s succession planning process.
Truchard said, "It is the right time for me to retire as CEO. I have worked with Alex Davern for more than 20 years. He is an exceptional leader and business strategist, with a demonstrated track record of success. I have complete confidence in Alex and the rest of the senior leadership team at NI to continue delivering on our consistent track record of innovation, growth and profitability."
Davern has served as chief operating officer (COO) of NI since 2010, and chief financial officer (CFO) since 1997. Davern, and the rest of the senior management team, including Jeff Kodosky, co-founder, fellow, and board member of NI; Eric Starkloff, executive VP of Global Sales and Marketing; Scott Rust, senior VP of R&D; and Duncan Hudson, chief platform officer, have over 100 years of experience at NI, working closely with Dr. Truchard.
National Instruments (NI)
– Edited from a National Instruments press release by CFE Media. See more Control Engineering industrial networking stories.