- Push-out Score determined
- After almost nine years in the position
- Praise, thanks and good wishes for Burdiek
- Jeff Gardner taking over in the interim
- Search for a successor
- Burdiek said 95 words
(exechange) — Irvine, California, March 25, 2020 — Michael Burdiek, chief executive of CalAmp, leaves. As announced by CalAmp Corp. in a news release and in a regulatory filing published on Wednesday, March 25, 2020, Michael J. Burdiek leaves his post as chief executive officer at the provider of IoT software applications after almost nine years in the role, effective immediately.
CalAmp will undertake a search for a successor.
Michael Burdiek’s duties as CEO will be taken over in the interim by Jeffery R. (Jeff) Gardner, most recently Chief Executive Officer of Brinks Home Security, as Interim Chief Executive Officer.
Already a director
Gardner is already a director of CalAmp. Generally speaking, most director-turned-CEO appointments occur following a sudden resignation of the outgoing CEO and signal a lack of preparedness on the company’s part to groom internal talent. Directors-turned-executives represent a blend of outsider and insider.
They don’t have the constraints of a pure insider when it comes to leading painful changes or making unpopular decisions, and they have more company knowledge than a pure outsider.
Having been a director, Gardner understands the expectations and dynamics of the board and has knowledge of CalAmp’s organization, risk-management practices and strategy.
“It is time for me”
Michael Burdiek’s departure from the CEO post is explained as follows. Burdiek said: “After 14 years with CalAmp, it is time for me to transition into the next phase and retire from these leadership roles.”
Precise information regarding Michael Burdiek’s future plans was not immediately available.
CalAmp said: “CalAmp (Nasdaq: CAMP), a global technology solutions pioneer transforming the mobile connected economy, today announced the retirement of Michael Burdiek from his roles as President, CEO, and a member of the Board of Directors of CalAmp, effective March 25, 2020.”
CalAmp further said: “On March 23, 2020, Mr. Burdiek notified the Board of Directors of CalAmp of his retirement as President and CEO and director effective March 25, 2020.”
Share price decline
The announcement follows a decline in CalAmp Corp.’s share price of 79% since January 2018.
Chaired by A.J. Moyer
CalAmp Corp. is chaired by A.J. Moyer.
In the position of CEO since 2011
Michael Burdiek became CEO of the Company in 2011.
In order to effect a seamless transition, Burdiek will remain a Senior Advisor to the CEO through May 31, 2021.
Michael Burdiek served as the Company’s President, CEO and director, in addition to serving on the board of directors of Five9, Inc.
He joined CalAmp as Executive Vice President in 2006, was appointed President of the Company’s Wireless DataCom segment in 2007, and was named Chief Operating Officer in 2008.
In 2010, his responsibilities were expanded further, and he was given the additional title of President.
He was promoted to CEO and director in 2011.
Prior to joining CalAmp, Burdiek was the President and CEO of Telenetics Corporation, a manufacturer of data communications products.
From 1987 to 2003, Burdiek held a variety of technical and executive management roles with Comarco, Inc., a provider of test solutions to the wireless industry.
Burdiek began his career as a design engineer with Hughes Aircraft Company. He holds MBA and MSEE degrees from California State University–Fullerton, and a BS degree in Electrical Engineering from Kansas State University.
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.
Read the full story in the exechange report 13.2020 ($).