Nordson Corporation Announces Planned Retirement of Chief Financial Officer


Reading time ( words)

Nordson Corporation recently announced that Gregory A. Thaxton, Executive Vice President and Chief Financial Officer, plans to retire in 2020 after thirty successful years with the company, with the last 12 years as CFO. The company has initiated a search of internal and external candidates for his successor. Mr. Thaxton will remain in his current role throughout this transition period.

Sundaram Nagarajan, President and Chief Executive Officer, said, “On behalf of the entire Board and Nordson team, I want to thank Greg for his leadership. Greg has been an incredible partner as I’ve transitioned into the role of CEO. His passion for Nordson, our customers, employees and shareholders is evident to everyone who interacts with him. We expect this to be a smooth transition, and I appreciate Greg’s commitment to stay with us until his successor is identified and onboarded.”

“I have had a wonderful career with Nordson, and I know this strong company’s future is secure with Naga and the Nordson leadership team. During my tenure, Nordson has grown from $282 million in revenue to $2.2 billion, expanded profitability, and entered new end markets, geographies and applications.  It has truly been a pleasure to participate in this great organization’s success.  As we prepare for Nordson’s next chapter of profitable growth, the company is well positioned and I’m ready to pass the torch to a new generation of leadership,” said Mr. Thaxton.

Mr. Thaxton started his career with Nordson in 1989.  He became part of the executive leadership team in February 2007 when he was named Corporate Controller and Chief Accounting Officer. He was appointed CFO in January 2008. Previously, Mr. Thaxton served as group controller for the Pacific South Division and the Finishing and Coating Systems segment, as well as the Automotive Systems and UV Curing Systems businesses. 

Mr. Thaxton serves on the board of directors of Kimball Electronics, Inc. (Nasdaq: KE) and is also a board member of the Lorain County Community College Foundation.

Except for historical information and comparisons contained herein, statements included in this release may constitute “forward-looking statements,” as defined by the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors, as discussed in the company’s filing with the Securities and Exchange Commission that could cause actual results to differ.

Share

Print


Suggested Items

Cavity Board SMT Assembly Challenges (Part 2)

07/03/2019 | Dudi Amir and Brett Grossman, Intel Corporation
This article describes the details of a study of assembling SiP BGA packages into a cavity. It points out the challenges involved in the board cavity design and assembly of components in a cavity. The authors discussed the board design challenge of having a cavity and defining the proper depth of the cavity to accommodate the board fabricator, the product design, and the SMT assembly.

3D Optical Inspection Provides ‘Eyes’ for Process Improvements in Industry 4.0

06/21/2019 | Jenny Yuh, Koh Young Technology, and Brent Fischthal, Koh Young America
Automated 3D solder paste inspection (SPI) and 3D automated optical inspection (AOI) systems have become an integral part of the printed circuit board assembly (PCBA) process because they help ensure high-quality production. As today’s board complexity is increasing, inspection technology has become even more critical.

The GraftWorx Fluid Management Patch Story

05/31/2019 | Anthony Flannery, GraftWorx
The GraftWorx vision is to connect patients to clinicians with clinical data that will have a meaningful impact on their care. Its first application is to monitor patients with end-stage renal disease or kidney failure using a wearable device called the SmartPatch that records numerous clinical cardiovascular metrics. This article details how GraftWorx was designed, fabricated, and assembled.



Copyright © 2020 I-Connect007. All rights reserved.