HPO

FLIR Systems announces appointment of new CEO

FLIR Systems, Inc. (NASDAQ: FLIR) announced that James J. (“Jim”) Cannon has been appointed President and Chief Executive Officer, effective 19 June 2017. Mr. Cannon will succeed Andy Teich, whose retirement after 33 years of service was announced on 14 February 2017.

Mr. Cannon's leadership experience, together with his proven operational expertise and ability to adapt business strategies to meet evolving market needs, makes him ideally suited to lead FLIR and its portfolio of technology-based products and applications. He previously served for more than 16 years in a variety of senior leadership positions at Stanley Black & Decker, Inc., most recently as President of Stanley Security North America & Emerging Markets. Prior to that, Mr. Cannon was President of the company's Industrial & Automotive Repair (IAR) business unit, first in North America and subsequently in Europe and Latin America, before then serving as President of Stanley Oil & Gas.

In addition to this, Mr. Cannon served in the U.S. Army for 10 years as an infantryman and armor officer in a wide variety of assignments around the world, including Operations Desert Shield and Desert Storm in Iraq, where he learned to appreciate FLIR's technology and was awarded a Combat Infantryman's Badge. He later oversaw key security missions as part of the Army's peace enforcement operations in Bosnia.

“We are delighted to appoint a chief executive of Jim's caliber,” said Earl R. Lewis, Chairman of the FLIR Board of Directors. “Jim's proven track record of achieving strong results in both business and the military make him uniquely well qualified to serve as FLIR's next CEO. Our Board of Directors conducted a thorough search process, in which Jim distinguished himself as a true leader of leaders and demonstrated his experience and adaptability running business units worldwide.”

“The opportunity to join this team and serve alongside over 3,000 FLIR employees worldwide as the CEO is a great honor,” said Mr. Cannon. “The FLIR brand is synonymous with continuous innovation and delivering value to customers around the world. Andy and the FLIR team have done a great job and I'm excited to build on that success and drive further growth for the benefit of FLIR's employees, customers, and shareholders.”

As President of Stanley Security North America & Emerging Markets, Mr. Cannon held direct P&L responsibilities across five business units, managed over 5,000 employees, and oversaw the operations of numerous manufacturing plants and distribution centres. In this role, he developed and executed a strategic plan that reduced complexity and cost while driving continued and sustained improvement. In his previous roles as President of Stanley Oil & Gas, President of IAR Europe & Latin America, and President of IAR North America, he demonstrated his operational skills by driving significant organic growth, increased efficiency, and improved profitability at each business unit.

Mr. Cannon serves on the board of directors of Lydall, Inc. and holds a Bachelor of Science degree in Business Administration/Marketing from the University of Tennessee in Chattanooga. Mr. Cannon will be based out of the Company's Wilsonville, Oregon headquarters.

(Source: FLIR Systems, Inc.)

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