OSI Systems Names Ajay Mehra to Succeed Deepak Chopra as President and CEO
OSI Systems (NASDAQ: OSIS) has announced that Ajay Mehra, current President of OSI's Security division and Executive Vice President, will become the company's new President and CEO effective January 1, 2025. Mehra will succeed Deepak Chopra, who will transition to Executive Chairman of the Board.
Mehra, who joined OSI in 1989, previously served as CFO during the company's IPO and led the launch of the Security division, which has grown to over $1 billion in annual revenues. Under his leadership, the Security division has become a market leader through the Rapiscan® brand, serving global security and defense agencies, sporting events, and private facilities.
OSI Systems (NASDAQ: OSIS) ha annunciato che Ajay Mehra, attuale Presidente della divisione Sicurezza di OSI ed Executive Vice President, diventerà il nuovo Presidente e CEO della società a partire dal 1 gennaio 2025. Mehra succederà a Deepak Chopra, che passerà al ruolo di Presidente Esecutivo del Consiglio di Amministrazione.
Mehra, che è entrato a far parte di OSI nel 1989, ha precedentemente ricoperto il ruolo di CFO durante l'IP0 della società e ha guidato il lancio della divisione Sicurezza, che è cresciuta fino a superare 1 miliardo di dollari di ricavi annuali. Sotto la sua leadership, la divisione Sicurezza è diventata un leader di mercato attraverso il marchio Rapiscan®, servendo agenzie di sicurezza e difesa globali, eventi sportivi e strutture private.
OSI Systems (NASDAQ: OSIS) ha anunciado que Ajay Mehra, actual Presidente de la división de Seguridad de OSI y Vicepresidente Ejecutivo, será el nuevo Presidente y CEO de la empresa a partir del 1 de enero de 2025. Mehra sucederá a Deepak Chopra, quien pasará a ser Presidente Ejecutivo de la Junta.
Mehra, quien se unió a OSI en 1989, anteriormente se desempeñó como CFO durante la OPI de la empresa y lideró el lanzamiento de la división de Seguridad, que ha crecido a más de 1 mil millones de dólares en ingresos anuales. Bajo su liderazgo, la división de Seguridad se ha convertido en un líder del mercado a través de la marca Rapiscan®, sirviendo a agencias de seguridad y defensa global, eventos deportivos y instalaciones privadas.
OSI Systems (NASDAQ: OSIS)는 Ajay Mehra가 OSI의 보안 부문 현 회장 겸 전무 부사장으로서 2025년 1월 1일부터 새로운 회장 겸 CEO가 될 것이라고 발표했습니다. Mehra는 이사회 의장직으로 자리 이동하는 Deepak Chopra를 대신하게 됩니다.
Mehra는 1989년에 OSI에 합류했으며, 회사의 IPO 기간 동안 CFO로 근무했으며, 10억 달러 이상의 연간 수익을 기록한 보안 부문의 출범을 이끌었습니다. 그의 리더십 아래, 보안 부문은 Rapiscan® 브랜드를 통해 글로벌 보안 및 방위 기관, 스포츠 이벤트, 개인 시설 등에 서비스를 제공하며 시장 리더로 자리 잡았습니다.
OSI Systems (NASDAQ: OSIS) a annoncé que Ajay Mehra, actuel Président de la division Sécurité d'OSI et Vice-Président Exécutif, deviendra le nouveau Président et CEO de l'entreprise à compter du 1er janvier 2025. Mehra succédera à Deepak Chopra, qui passera au poste de Président Exécutif du Conseil d'Administration.
Mehra, qui a rejoint OSI en 1989, a précédemment occupé le poste de CFO lors de l'introduction en bourse de l'entreprise et a dirigé le lancement de la division Sécurité, qui a atteint plus de 1 milliard de dollars de revenus annuels. Sous sa direction, la division Sécurité est devenue un leader sur le marché grâce à la marque Rapiscan®, servant des agences de sécurité et de défense mondiales, des événements sportifs et des installations privées.
OSI Systems (NASDAQ: OSIS) hat bekannt gegeben, dass Ajay Mehra, derzeit Präsident der Sicherheitsdivision von OSI und Executive Vice President, ab dem 1. Januar 2025 neuer Präsident und CEO des Unternehmens wird. Mehra wird Deepak Chopra nachfolgen, der zum Executive Chairman des Vorstands wechselt.
Mehra, der 1989 zu OSI kam, war zuvor CFO während des Börsengangs des Unternehmens und leitete die Gründung der Sicherheitsdivision, die mittlerweile mehr als 1 Milliarde Dollar Umsatz pro Jahr erzielt. Unter seiner Leitung hat sich die Sicherheitsdivision zur Marktführerschaft entwickelt, indem sie über die Marke Rapiscan® globalen Sicherheits- und Verteidigungsbehörden, Sportveranstaltungen und privaten Einrichtungen dient.
- Security division has achieved over $1 billion in annual revenues under Mehra's leadership
- Smooth leadership transition with current CEO moving to Executive Chairman role
- New CEO has extensive company experience (since 1989) and proven track record
- None.
Mr. Mehra joined the Company in 1989 in a financial management role and served as Chief Financial Officer while overseeing the Company’s initial public offering and the launch of OSI’s Security division. Most recently, Mr. Mehra has led the Company’s Security division, which has grown to more than
Under Mr. Mehra’s leadership, OSI’s Security division has become a pioneer in meeting the evolving global security inspection needs by providing innovative offerings with leading technology, comprehensive services, and tailored customer solutions. With that deep-rooted understanding of the marketplace and commitment to investment in future capabilities, the Rapiscan® brand has become a top choice for the world’s leading security and defense agencies, as well as high-profile sporting events and private facilities.
Mr. Chopra stated, “It is with great pleasure that I announce Ajay’s appointment as the next CEO of OSI Systems. Ajay’s extensive knowledge of our business and his industry expertise make him the perfect successor. During his tenure, Ajay has led our Security division through significant growth, adoption of new business models, timely and targeted investment in emerging technologies, geographic expansion, acquisitions, and multiple business cycles. I look forward to working closely with Ajay in my position as Executive Chairman to support OSI's mission and foster continued growth and innovation.”
Mr. Mehra commented, “I want to thank Deepak for his tremendous leadership as the founder and CEO of OSI. I am excited to take on the CEO role at OSI Systems. Having been part of this Company's journey, I have seen the potential in each of our operating divisions and the talented individuals who have been key to our success. I look forward to continuing OSI’s mission.”
Dr. William F. Ballhaus, Jr., OSI’s Lead Independent Director, stated, “I have worked with Ajay for the past 14 years in my role on the Board of Directors and have witnessed his focus, dedication, and growth as a senior executive. He has demonstrated the ability to face day-to-day business challenges and turn them into advantages in the marketplace for OSI. His deep understanding of the Company's operations, culture, and his strategic vision for serving customer needs throughout the world all position him to lead OSI into the future. I look forward to Ajay bringing that type of leadership to all of OSI.”
About OSI Systems
OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems’ most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241205730719/en/
OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
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