FARO Technologies Appoints Peter Lau As President And Chief Executive Officer, Effective July 24th, 2023
Portfolio Pulse from Happy Mohamed
FARO Technologies has announced the appointment of Peter Lau as President and Chief Executive Officer, effective from July 24th, 2023. Lau, who recently served as CEO of Catalyst Nutraceuticals and held senior positions at Hubbell, Honeywell, and General Electric, will replace Yuval Wasserman, who will continue as the company's Executive Chairman. FARO is a global leader in 3D measurement, imaging, and realization solutions.
June 29, 2023 | 8:06 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Peter Lau's appointment as FARO's CEO could potentially bring new strategic directions to the company, given his experience in integrating software solutions into hardware-oriented businesses.
CEO changes often lead to strategic shifts in a company. Given Lau's experience in integrating software solutions into hardware-oriented businesses, he could potentially bring new strategic directions to FARO, which could impact the company's stock positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100