Perceptron Appoints President and CEO David L. Watza to Board of Directors
June 21 2018 - 3:07PM
Perceptron, Inc. (NASDAQ:PRCP), a leading global
provider of 3D automated metrology solutions and coordinate
measuring machines, today announced that David L. Watza, President
and CEO, was appointed to the Company’s Board of Directors,
effective immediately. Mr. Watza succeeds director Terryll R.
Smith, who has retired from his position on the Board.
“We are very excited to announce the appointment of Dave Watza
to our Board of Directors,” said W. Richard Marz, Chairman of the
Board. “I have had the distinct pleasure of working with Dave over
the past few years in his roles as both CFO and CEO, and remain
confident in his abilities to execute against our long-term growth
initiatives. We look forward to further leveraging his vision and
leadership in this additional role to lead Perceptron into the
future.”
Mr. Watza has been a member of Perceptron’s senior management
team since his appointment as Senior Vice President and CFO in
October 2015, and continuing through his promotion to President and
CEO in November 2016. Mr. Watza possesses more than 25 years of
experience in engineered products and manufacturing businesses. He
earned his Bachelor of Business Administration at the University of
Michigan.
Mr. Watza commented on his appointment, “I am truly honored to
serve in this new role as a member of the Board of Directors, and I
remain greatly appreciative of the confidence that Rick Marz and
Perceptron’s Board members continue to place in me to lead the
Company. I firmly believe, along with the Board, that as we
continue to execute our strategic plan in the coming years, with
the talented and dedicated employees we have, we will provide
sustainable growth opportunities for both Perceptron and our
stakeholders. It is an exciting time to be at Perceptron, and to
guide the Company to the bright future ahead.”
Mr. Marz concluded, “On behalf of the entire Perceptron team, we
are extremely grateful for Terry Smith’s years of dedication and
service to our company. His depth of knowledge, experience and
insights have been a great value to the Board and our senior
management. We appreciate his continuous support, and wish him all
the best.”
About PerceptronPerceptron (NASDAQ:PRCP)
develops, produces and sells a comprehensive range of automated
industrial metrology products and solutions to manufacturing
organizations for dimensional gauging, dimensional inspection and
3D scanning. Products include 3D machine vision solutions, robot
guidance, coordinate measuring machines, laser scanning and
advanced analysis software. Global automotive, aerospace and other
manufacturing companies rely on Perceptron’s metrology solutions to
assist in managing their complex manufacturing processes to improve
quality, shorten product launch times and reduce costs.
Headquartered in Plymouth, Michigan, USA, Perceptron has subsidiary
operations in Brazil, China, Czech Republic, France, Germany,
India, Italy, Japan, Singapore, Slovakia, Spain and the United
Kingdom. For more information, please visit www.perceptron.com.
Safe Harbor StatementCertain statements in this
press release may be “forward-looking statements” within the
meaning of the Securities Exchange Act of 1934. Whenever
possible, we have identified these forward-looking statements by
words such as “target,” “will,” “should,” “could,” “believes,”
“expects,” “anticipates,” “estimates,” “prospects,” “outlook,”
“guidance” or similar expressions. We claim the protection of
the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995 for all of our
forward-looking statements. While we believe that our
forward-looking statements are reasonable, you should not place
undue reliance on any such forward-looking statements, which speak
only as of the date made. Because these forward-looking
statements are based on estimates and assumptions that are subject
to significant business, economic and competitive uncertainties,
many of which are beyond our control or are subject to change,
actual results could be materially different. Factors that
might cause such a difference include, without limitation, risks
associated with changes in our sales strategy and structure,
including the impact of such changes on booking and revenue levels
and customer purchase decisions, and the risks and uncertainties
discussed from time to time in our periodic reports filed with the
Securities and Exchange Commission, including those listed in “Item
1A – Risk Factors” of our Annual Report on Form 10-K for fiscal
2017 and of our Quarterly Reports on Form 10-Q. Except as
required by applicable law, we do not undertake, and expressly
disclaim, any obligation to publicly update or alter our statements
whether as a result of new information, events or circumstances
occurring after the date of this report or otherwise.
Company Contact:Investor RelationsPerceptron, Inc.
investors@perceptron.com
Perceptron (NASDAQ:PRCP)
Historical Stock Chart
From Apr 2024 to May 2024
Perceptron (NASDAQ:PRCP)
Historical Stock Chart
From May 2023 to May 2024