Teradyne Announces Election of Paul Tufano as Chair of the Board

Rhea-AI Summary

Teradyne, Inc. (NASDAQ:TER) has announced the election of Paul Tufano as the new Chair of the Board, succeeding Roy Vallee, who has retired. Tufano has been a board member since 2005 and was previously CEO of Benchmark Electronics. Mark Jagiela, President and CEO, praised Tufano's leadership in guiding Teradyne's transformation over 15 years. Teradyne specializes in advanced test solutions and industrial automation, with reported revenue of $3.1 billion in 2020 and approximately 5,500 employees globally.

Positive

• Paul Tufano's election as Board Chair may strengthen governance and strategic direction.
• Tufano's extensive experience could enhance Teradyne's leadership in the technology sector.

Negative

• None.

NORTH READING, Mass., May 07, 2021 (GLOBE NEWSWIRE) -- Teradyne, Inc. (NASDAQ:TER) announced today the Board of Directors has elected Paul Tufano Chair of the Board. Mr. Tufano is the former Chief Executive Officer of Benchmark Electronics and has served on the Teradyne Board since 2005. He replaces former Chair Roy Vallee who has retired from the Board.

“Paul is a proven leader and valuable board member who has helped guide Teradyne’s transformation over the past 15 years,” said Mark Jagiela, Teradyne President and CEO. “I look forward to working with him in his new role as Board Chair. I also want to thank Roy for his dedicated leadership and wise counsel during his 20-year tenure on the Board.”

About Teradyne

Teradyne (NASDAQ:TER) brings high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensure that products perform as they were designed. Its Industrial Automation offerings include collaborative and mobile robots that help manufacturers of all sizes improve productivity and lower costs. In 2020, Teradyne had revenue of $3.1 billion and today employs 5,500 people worldwide. For more information, visit teradyne.com. Teradyne^® is a registered trademark of Teradyne, Inc. in the U.S. and other countries.

For more information, contact:

Andy Blanchard

Investor Relations

Tel    978.370.2425

investorrelations@teradyne.com

FAQ

Who is the new Chair of the Board at Teradyne?

Paul Tufano has been elected as the new Chair of the Board at Teradyne.

What role did Paul Tufano hold before becoming Chair of Teradyne?

Paul Tufano was the former CEO of Benchmark Electronics before his election as Chair.

What was Teradyne's revenue in 2020?

Teradyne reported a revenue of $3.1 billion in 2020.

How long has Paul Tufano been a member of Teradyne's Board?

Paul Tufano has been a member of Teradyne's Board since 2005.

What is the significance of Tufano's election for Teradyne's investors?

Tufano's election may provide stability and enhanced strategic direction beneficial to investors.