National Instruments Announces Interim Chief Financial Officer
Dec 21, 2016 08:30 AM Eastern Standard Time
AUSTIN, Texas--(BUSINESS WIRE)--
National Instruments (Nasdaq: NATI) today announced the appointment of
John Roiko as interim chief financial officer (CFO) effective Jan. 1,
2017. Roiko will oversee NI's global finance organization and continue
to report to Alex Davern, NI's current chief operating officer and CFO,
who will become chief executive officer of the company effective Jan. 1.
"John is an excellent choice to serve as our interim CFO," Davern said.
"He is an accomplished leader who brings extensive experience in
corporate finance, strategy, financial planning and analysis."
As current vice president of finance, John Roiko is responsible for the
strategy and execution of the company's worldwide finance operations. He
formulates the company's strategy on financial planning and reporting;
foreign exchange hedging; acquisition analysis and integration;
corporate taxation, manufacturing support and SOX compliance; and
company-wide financial systems support. NI's revenue has more than
quadrupled since Roiko joined the company, and he has successfully
transitioned the Finance department to support this growth while
consistently meeting the company's financial goal of timely and accurate
Prior to joining NI, Roiko worked as a product line controller for the
defense division at Honeywell before moving to Emerson Process
Management as the North America accounting manager. He then pursued
start-up opportunities as the CFO for Columbia Scientific and director
of accounting for Arrowsmith Technologies. Roiko joined NI in 1998 and
served as NI's worldwide corporate controller prior to being appointed
vice president of finance in 2008.
Davern said the CFO search will continue. "This is a critical position,
and NI will make another announcement when there is a final decision."
NI leaders will attend the Needham Growth Conference in New York City
Jan. 10 and the Morgan Stanley Technology, Media & Telecom Conference in
San Francisco Feb. 28.
Since 1976, NI (www.ni.com)
has made it possible for engineers and scientists to solve the world's
greatest engineering challenges with powerful, flexible technology
solutions that accelerate productivity and drive rapid innovation.
Customers from a wide variety of industries - from healthcare to
automotive and from consumer electronics to particle physics - use NI's
integrated hardware and software platform to improve the world we live
National Instruments, NI and ni.com
are trademarks of National Instruments. Other product and company names
listed are trademarks or trade names of their respective companies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161221005097/en/
Marissa Vidaurri, 512-683-5215
Source: National Instruments
News Provided by Acquire Media