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Benchmark Announces Departure of CFO, Reiterates Q1 Fiscal 2024 Guidance
March 20, 2024 | Benchmark Electronics Inc.Estimated reading time: 1 minute
Benchmark Electronics, Inc. announced Roop K. Lakkaraju, Executive Vice President and Chief Financial Officer (CFO) intends to resign from his position to pursue another professional opportunity outside of Benchmark. Mr. Lakkaraju will remain in his current role until April 1, 2024.
Effective April 1, 2024, Arvind Kamal, Benchmark's current Vice President of Finance, will assume the role of interim CFO. Mr. Kamal has been with Benchmark for more than 4 years and has a deep understanding of the EMS sector. During this transition, Mr. Kamal's leadership capabilities across both finance and accounting position him well to continue Benchmark's ongoing pursuit of our financial objectives. Over the coming months, the company intends to conduct a formal search process to identify Benchmark's next chief financial officer.
"It has been a privilege serving as Benchmark's EVP and CFO for the last six years," said Mr. Lakkaraju. "I am immensely proud of what our team has accomplished together and am confident Benchmark has a bright future ahead."
"I want to thank Roop for his contributions to the company during his tenure," said Jeff Benck, Benchmark's Chief Executive Officer. "Roop is leaving us in a better position than when he joined, including building a stronger financial team that will help seamlessly bridge this transition."
Guidance
Along with this announcement, Benchmark reiterates its prior expectations for the March 2024 fiscal quarter including revenue within a range of $625-$665M and non-GAAP EPS of between $0.42 and $0.48 per share.
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Peters: Casting Compound Perfectly Protects Electronics from Overheating
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Avnet to Exhibit at the 2024 Embedded Vision Summit
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Kitron: Completed Share Buyback in Connection with Remuneration to the Board Members
05/14/2024 | KitronKitron ASA has completed share buyback in connection with remuneration to the board members. Reference is made to the stock exchange release by Kitron ASA published on 13. May 2024 regarding initiation of a share buyback program.
Real Time with… IPC APEX EXPO 2024: Digitization and Regular Updates of the iNEMI Industry Roadmap
05/14/2024 | Real Time with...IPC APEX EXPORanjan Chatterjee is a board member at iNEMI. In this conversation with Editor Nolan Johnson, Chatterjee discusses the digitization of, and regular updates to, the industry roadmap. The roadmap is a collaborative effort on technologies and standards which is intended to guide CEOs and CTOs in their long-range planning. Ranjan discusses the board's role in shaping the roadmap and the vision for more frequent updates.