Rajat Bahri to work for Silicon Valley tech firm
Trimble Navigation Ltd. Monday announced its chief financial officer, Rajat Bahri, has resigned, effective June 3, to work at a new private, venture-backed Silicon Valley technology company.
The Sunnyvale, Calif.-based, publicly traded (Nasdaq: TRMB) company, with $2 billion in 2012 revenue, uses positioning technologies – GPS, lasers and optics – to focus on applications requiring position or location, including surveying, construction, agriculture, fleet and asset management, public safety and mapping.
“Raj joined Trimble over eight years ago and has been a key participant in the company’s significant progression since then,” said Trimble CEO Steven Berglund. “His legacy is a strong finance team which will manage the transition to a new CFO effectively. We wish Raj the best in his new role.”
The company is now searching for a new CFO, including external candidates. Julie Shepard, vice president of finance and chief accounting officer, will act as interim CFO.