- Push-out Score determined
- After about three years in the position
- Praise and thanks for Davern
- Eric Starkloff taking over
- Davern will remain as strategic advisor to the CEO at National Instruments
- Davern said 87 words
(exechange) — Austin, Texas, October 29, 2019 — Alex Davern, chief executive of National Instruments, leaves his position. As announced by National Instruments Corp. in a news release on Tuesday, October 29, 2019, Alexander M. (Alex) Davern leaves his post as Chief Executive Officer at the producer of automated test equipment and virtual instrumentation software after about three years in the role, effective January 31, 2020.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.4 years, according to data compiled by exechange.
Alex Davern’s duties as CEO will be taken over by Eric H. Starkloff, currently Chief Operating Officer of National Instruments Corporation.
“After considering alternatives, we unanimously selected Eric as our next CEO”
A reason for Alex Davern’s departure from the CEO post was not explicitly provided. Board Chairman Michael McGrath said: “After considering alternatives, we unanimously selected Eric as our next CEO to lead NI into a very promising future.”
Davern will remain as strategic advisor to the CEO at National Instruments
“Davern will take up a teaching position at the University of Texas McCombs School of Business starting in the Fall of 2020. Davern will remain on staff at NI as strategic advisor to the CEO through May and will continue to serve on the NI Board of Directors,” National Instruments said.
“Step down”
National Instruments said: “Alex Davern will step down as Chief Executive Officer of NI, effective January 31, 2020.”
Share price increase since January 2017
The announcement follows an increase in National Instruments Corporation’s share price of 31% since January 2017.
Chaired by Michael E. McGrath
National Instruments Corporation is chaired by Michael E. McGrath.
In the position of CEO since 2017
Alex Davern became CEO of the Company in January 2017.
Davern joined NI in February 1994 and has served as Chief Executive Officer since January 2017.
He previously served as President from January 2017 to October 2018.
He served as Chief Operating Officer, Executive Vice President, Chief Financial Officer and Treasurer from October 2010 to December 2016.
Davern served as NI’s Chief Financial Officer, Senior Vice President, IT and Manufacturing Operations and Treasurer from December 2002 to October 2010; as Chief Financial Officer and Treasurer from December 1997 to December 2002; as Acting Chief Financial Officer and Treasurer from July 1997 to December 1997; and as Corporate Controller and International Controller.
Prior to joining NI, Davern worked both in Europe and in the United States for the international accounting firm of Price Waterhouse, LLP.
Davern received his bachelor’s degree in Commerce and a diploma in professional accounting from University College in Dublin, Ireland.
Davern is a director of Cirrus Logic, Inc., a publicly traded company.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to National Instruments and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 44.2019 ($).