Teledyne Appoints Vince Morales to Board of Directors

Rhea-AI Summary

Teledyne Technologies Incorporated (NYSE:TDY) has appointed Vincent J. Morales, the current CFO of PPG (NYSE:PPG), to its Board of Directors, effective November 1, 2021. This appointment increases the Board's total members to 11. Mr. Morales brings over 30 years of experience at PPG, where he advanced through various finance roles and has been CFO since March 2017. He was instrumental in PPG's strategic transformation. Teledyne specializes in advanced digital imaging, aerospace, and defense electronics.

Positive

• Vincent J. Morales joins the Board, enhancing financial expertise.
• Mr. Morales' extensive experience in finance and operations is expected to strengthen the Board's strategic decision-making.

Negative

• The addition of a new Board member may raise concerns regarding continuity and integration within the existing Board.

THOUSAND OAKS, Calif.--(BUSINESS WIRE)-- Teledyne Technologies Incorporated (NYSE:TDY) announced today the appointment of Vincent J. Morales, current Senior Vice President and Chief Financial Officer of PPG (NYSE:PPG), to the company’s Board of Directors, effective November 1, 2021. The addition of Mr. Morales raises the number of Board members to 11.

Mr. Morales joined PPG in 1985, ultimately serving as its Chief Financial Officer since March 2017. During his time at PPG, Mr. Morales progressed through a variety of accounting and finance roles, encompassing controllership, investor relations, treasury and company-wide business finance. In his current role, Mr. Morales is part of PPG’s five-person Executive Committee that is responsible for establishing and executing the company’s overall strategy.

“I have known Vince for over 25 years, starting during my tenure as a PPG Board member,” said Robert Mehrabian, Chairman, President and Chief Executive Officer. “With his experience spanning finance, operations, investor relations and acquisitions, Vince is an excellent addition to Teledyne’s Board of Directors.”

Throughout Mr. Morales’ more than 30 years at PPG, he played a key role in the company’s transformation from a diversified industrial conglomerate to a focused, leading provider of paints, coatings and specialty materials.

Mr. Morales earned a Bachelor of Science in accounting from Robert Morris University and a Master of Business Administration from the Ohio State University.

Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005624/en/

Investor Contact:

Jason VanWees

(805) 373-4542

Source: Teledyne Technologies Incorporated

FAQ

Who is Vincent J. Morales and what is his background?

Vincent J. Morales is the former CFO of PPG, having served in various finance roles since 1985. He has been instrumental in PPG's strategic transformation.

When did Vincent J. Morales join Teledyne's Board of Directors?

Vincent J. Morales officially joined Teledyne's Board of Directors on November 1, 2021.

How will Morales' appointment impact Teledyne Technologies?

Morales' appointment is expected to enhance financial oversight and strategic direction, drawing on his extensive experience in finance and operations.

How many members are currently on Teledyne's Board of Directors?

With the appointment of Vincent J. Morales, Teledyne's Board now comprises 11 members.