Teradyne board says president will succeed CEO in February

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Teradyne Inc. [S: TER] said late Tuesday its board chose Gregory Smith to succeed Mark Jagiela as chief executive effective Feb. 1, 2023. Smith will also become a board member on that date. Smith, who has been with the company for the past 16 years, was appointed president earlier in the year, having led the company’s industrial automation group and semiconductor test division. Teradyne shares were up less than 1% after hours, following a 2.6% rise to close the regular session at $96.59, for a 41% loss on the year, compared the PHLX Semiconductor Index’s SOX, +3.03% 29% fall, and the 16% decline on the S&P 500 Index SPX, +0.87%.

This article was originally published by Marketwatch.com. Read the original article here.

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