Geo Week News

May 13, 2013

Trimble CFO makes exit


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.

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