TEMPE, Ariz. - Benchmark Electronics, Inc. (NYSE:BHE), a global provider of engineering, design, and manufacturing services, today disclosed the upcoming departure of Executive Vice President and Chief Financial Officer Roop K. Lakkaraju. Mr. Lakkaraju has decided to resign to pursue another professional opportunity and will continue his duties until April 1, 2024.
Following his departure, Arvind Kamal, currently serving as Vice President of Finance at Benchmark, will step into the role of interim CFO. With over four years at the company and a comprehensive understanding of the Electronics Manufacturing Services (EMS) sector, Mr. Kamal is positioned to maintain the company's financial strategies during the transition. Benchmark plans to initiate a formal search for a permanent CFO in the upcoming months.
Commenting on his tenure, Mr. Lakkaraju expressed pride in the team's achievements and confidence in Benchmark's future prospects. CEO Jeff Benck acknowledged Lakkaraju's positive impact on the company, particularly in strengthening the financial team to support a smooth transition.
Concurrently, Benchmark reaffirmed its financial outlook for the March 2024 fiscal quarter, anticipating revenue between $625 million and $665 million and non-GAAP earnings per share ranging from $0.42 to $0.48.
Benchmark Electronics operates globally, serving industries such as aerospace, defense, telecommunications, and medical, with shares traded on the New York Stock Exchange.
The company's forward-looking statements, including financial projections and strategic initiatives, are subject to risks and uncertainties that could affect actual results. These statements are based on current expectations and involve assumptions about market conditions, operational strategies, and economic factors.
This article is based on a press release statement from Benchmark Electronics.
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