- Strong signs for push-out forces
- After almost 13 years on the job
- Laud, praise and thanks for Behrendt
- Search for a successor
(management-change.com) — Scottsdale, Arizona, November 09, 2016 — Dan Behrendt, finance chief of Taser, leaves. As announced by Taser International, Inc. in a news release and in a regulatory filing published on Wednesday, November 09, 2016, Daniel M. (Dan) Behrendt leaves the post as Chief Financial Officer at the maker of conducted electrical weapons in a surprising move after almost 13 years on the job.
It is the end of an era.
Behrendt will remain with Taser in his current capacity through the filing of the Company’s Form 10-K to help ensure an orderly transition of his responsibilities.
Taser will undertake a search for a successor.
“To pursue other opportunities”
Behrendt’s departure is explained as follows. Taser said: “Dan Behrendt will be leaving the Company to pursue other opportunities.”
The phrase “to pursue other opportunities” is often used in corporate announcements and opens the door to speculation.
Precise information about the future plans of Behrendt was not immediately available.
Share price decline
The change follows a decline in the share price of Taser International, Inc. since September 30, 2016.
Chaired by Michael Garnreiter
Taser International, Inc. is chaired by Michael Garnreiter.
Garnreiter has served as a director of the Company since June 2006 and in February of 2012 assumed the position of Chairman of the Board of Directors.
Rick Smith serves as CEO of Taser International, Inc. Smith co-founded Taser International Inc. in 1993, and has also been its Chief Executive Officer since 1993.
On the job as CFO since 2004
Behrendt has been the Chief Financial Officer of Taser International Inc. since April 19, 2004.
Dan Behrendt oversees all aspects of corporate finance, information technology, HR, and investor relations.
Behrendt joined Taser in May 2004 from Imperial Home Décor, after serving in a number of financial management positions for the Imperial Home Décor Group, including Director of Financial Planning and Analysis, Vice President and Corporate Controller and finally Senior Vice President and Chief Financial Officer.
From 1995 to 1998, he served as the Manager of Business Planning and Analysis for Teledyne Fluid Systems, a division of Allegheny Teledyne.
From 1991 to 1995, he served as Manager, Business Planning and Analysis for PCC Airfoils, Inc.
From 1988 to 1991, Behrendt was a Financial Analyst for the Power Generation Group of Babcock and Wilcox, and from 1986 to 1988, he worked as an auditor for Arthur Andersen and Co.
Behrendt holds a B.S. degree in Accounting, Cum Laude, from Mount Union College and a Masters of Business Administration degree from The Weatherhead School of Management at Case Western Reserve University.
Generally speaking, when a top leader announces to step down with no successor in place, it’s a sign that the move was unplanned and too early.
Generally speaking, possible causes for an unexpected change may be, among others, disagreement or surprising new career opportunities.
Strong signs for push-out forces
It is not completely certain what forces eventually triggered Dan Behrendt’s move.
The Push-out Score™ determined by management-change.com suggests strong signs for push-out forces that may have contributed to the management change.
Read the full story in the management-change.com report 42.2016 ($).