Trimble CFO Resigns
Sunnyvale, Calif.-based Trimble needs a new CFO.
On Monday after close of trading, the maker of GPS products for industrial use announced that Chief Financial Officer Rajat Bahri has decided to take a job with a private equity firm, and will be leaving Trimble effective June 3.
In the eight yearsÂ since Bahri joined Trimble, he has helped to grow revenue by 170% and profits by more than 120%. Over the past 12 months, Trimble took in $2.1 billion in revenue and reported $190 million in net income.
Trimble will begin seeking a replacement immediately. In the meantime, it has named Chief Accounting Officer Julie Shepard to serve as interim CFO.
The article Trimble CFO Resigns originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.