- Push-out Score determined
- After nine years in the position
- Praise for Jagiela
- Greg Smith taking over
(exechange) — North Reading, Massachusetts, November 15, 2022 — Mark Jagiela, chief executive of Teradyne, leaves his position. As announced by Teradyne Inc. in a news release on Tuesday, November 15, 2022, Mark E. Jagiela leaves his post as chief executive officer at the automatic test equipment manufacturer, after nine years in the role, effective February 1, 2023.
Mark Jagiela’s duties as CEO will be taken over by Gregory S. (Greg) Smith, currently President at Teradyne Inc.
No reason given
In the announcement, Teradyne did not explicitly explain the reason for the move.
Precise information regarding Mark Jagiela’s future plans was not immediately available.
“Retire”
Teradyne said: “The Teradyne (Nasdaq: TER) Board of Directors today named Gregory Smith to succeed Mark E. Jagiela as CEO effective February 1, 2023. Mr. Smith will join the Board of Directors on the same date.”
Teradyne further said: “Mr. Jagiela became Teradyne CEO in 2014 and will retire effective February 1, 2023.”
Share price decline since November 2021
The announcement follows a decline in Teradyne Inc.’s share price of 33% since November 2021.
In the position of CEO since 2014
Mark Jagiela became CEO of the Company in 2014.
Jagiela has served as the Company’s Chief Executive Officer since February 2014.
He has served as the President of Teradyne since January 2013 and the President of the Company’s Semiconductor Test Division from 2003 to February 2016.
Jagiela was appointed a Vice President of Teradyne in 2001.
He has held a variety of senior management roles at the Company including General Manager of Teradyne’s Japan Division.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Mark Jagiela’s move on a scale of 0 to 10.
exechange reached out to Teradyne and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 47.2022 ($).