LAKE MARY, FL, Nov 4, 2015 – FARO Technologies, Inc. today announced that Jay Freeland plans to step down as president and chief executive officer and member of the Board of Directors. Mr. Freeland will remain in his current role as president and CEO and as a member of the Board of Directors until a successor is appointed. Mr. Freeland has successfully served in that role for approximately 11 years and he is leaving to pursue other business and personal interests.
“We thank Jay for his significant contributions to FARO, for ensuring a smooth transition to our next President and CEO and for his leadership in building one of the strongest brands in 3D measurement, imaging and realization technology along with a very strong product and distribution platform,” said Dr. Simon Raab, chairman of the company’s Board of the Directors.
A special subcommittee of the company’s Board of Directors has been formed and has initiated a comprehensive external search to identify a new president and CEO.
“This gives us the opportunity to renew FARO and continue disrupting the 3D market with innovative products and an unrelenting commitment to our customers. We are focused on hiring a strong and dynamic leader who has a record of successfully executing strategic initiatives in a rapidly evolving market, driving positive financial results and who shares our vision of leveraging the unique entrepreneurial attributes of FARO’s culture,” continued Dr. Raab.
“Serving FARO alongside its 1,300 dedicated employees and being part of this amazing family has been a privilege and a highlight of my professional career,” said Mr. Freeland. “I am extremely proud of all that we have accomplished. The decision to leave was not an easy one but after eleven years I feel it is time for me to move on. I have great confidence in the FARO team and am committed to supporting a successful transition.”
About Jay W. Freeland
Jay W. Freeland has served as president and chief executive officer of the company since December 2006 and as a director since February 2006. Mr. Freeland served as president and co-chief executive officer of the Company from January 2006 to December 2006 and as president and chief operating officer of the Company from November 2004 to January 2006.
Mr. Freeland began his career at General Electric Company (“GE”) in its financial management program in 1991, spent four years on GE’s corporate audit staff and served in financial, business development, strategic planning, sales and operational management roles of increasing responsibility at GE, including general manager of business development, general manager of customer quality, general manager of strategic initiatives, VP of sales and marketing, and president of the Energy Controls business, until 2003. Mr. Freeland holds a Bachelor of Arts in Economics from Union College, Schenectady, New York.
About FARO
FARO is the world’s most trusted source for 3D measurement, imaging and realization technology. The company develops and markets computer-aided measurement and imaging devices and software. Technology from FARO permits high-precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites or crime scenes.
The company’s global headquarters is located in Lake Mary, FL; its European regional headquarters in Stuttgart, Germany; and its Asia Pacific regional headquarters in Singapore. FARO has other offices in the United States, Canada, Mexico, Brazil, Germany, the United Kingdom, France, Spain, Italy, Poland, Turkey, the Netherlands, Switzerland, Portugal, India, China, Malaysia, Vietnam, Thailand, South Korea, and Japan.
More information is available at www.faro.com.