- Signs for push-out forces
- After eleven years on the job
- Praise, thanks and good wishes for Humphrey
- Rob Crisci taking over
(exechange) — Sarasota, Florida, March 10, 2017 — John Humphrey, finance chief of Roper, leaves. As announced by Roper Technologies, Inc. in a news release on Friday, March 10, 2017, John Humphrey leaves the post as Chief Financial Officer at the technology company in a surprising move after eleven years on the job, effective May 15, 2017.
It is the end of an era.
Humphrey’s duties are taken over by Rob Crisci, currently Vice President, Finance and Investor Relations at Roper Technologies, Inc.
The move is part of a management shake-up.
No reason given
In the announcement, Roper did not explicitly explain the reason for Humphrey’s move, opening the door for speculation.
Precise information about the future plans of Humphrey was not immediately available.
Roper said: “John Humphrey, Executive Vice President and Chief Financial Officer, has notified the Company of his intention to retire this year. Mr. Humphrey will support the transition process throughout 2017.”
Share price rise since March 2009
The change follows a rise in the share price of Roper Technologies, Inc. since March 2009.
Chaired by Brian D. Jellison
Roper Technologies, Inc. is chaired by Brian D. Jellison.
Jellison has been the Chairman of Roper Technologies, Inc. since November 2003 and its Chief Executive Officer and President since November 6, 2001.
On the job as CFO since 2006
Humphrey has been the Chief Financial Officer of Roper Technologies, Inc. since April 24, 2006.
Humphrey has been Roper’s Executive Vice President since 2011 and started with Roper in 2006 as Vice President and Chief Financial Officer.
Prior to joining Roper, Humphrey served as Vice President and Chief Financial Officer for Honeywell Aerospace, the aviation segment of Honeywell International Inc., after serving in several financial positions with Honeywell International and its predecessor AlliedSignal.
Signs for push-out forces
It is not completely certain what forces eventually triggered John Humphrey’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 11.2017 ($).