Teledyne CEO retires, insider Bobb to take over
April 28 (Reuters) - U.S. defense firm Teledyne Technologies (TDY.N), opens new tab said on Monday its CEO Edwin Roks has retired from his position, and the board has appointed insider George Bobb as its new chief executive, effective immediately.
Roks was named to his position in October of 2023. He joined Teledyne in 2011 with the acquisition of Teledyne DALSA and also served as the company's chief technology officer.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
Bobb, who has been president and chief operating officer since January 1 last year, previously headed the company's aerospace and defense electronics segment and its engineered systems segment, among others.
"George and I will continue the development and execution of Teledyne's growth strategy, with George reporting directly to me," Teledyne's Executive Chairman Robert Mehrabian said.
The company last week topped estimates for first-quarter profit and revenue, aided by sustained demand for its target detection sensors and electronic components used in sectors such as aerospace and defense.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion United
an hour ago
- Fashion United
Trump doesn't see a need to bring back textile manufacturing to the US
President Donald Trump has stressed that his US tariff policies, impacting global trade and supply chains across several industries and financial markets, are intended to encourage and support domestic manufacturing of advanced technology and defense equipment, not consumer goods like t-shirts or sneakers. Talking with reporters prior to boarding Air Force One in New Jersey last Sunday, Trump said that he "tended to agree" with comments made by Secretary Scott Bessent on April 29 that the US does not necessarily need to bring back textile manufacturing. "I'm not looking to make T-shirts, to be honest. I'm not looking to make socks. We can do that very well in other locations," said Trump to reporters in New Jersey on May 25, reported Reuters. "We want to make military equipment. We want to make big things. We want to make, do the AI thing. We are looking to do chips and computers and lots of other things, as well as tanks and ships." His comments have drawn feedback and criticism from American manufacturers, textile organizations, and producers of fibers, yarn, and other woven fabrics, including the American Apparel & Footwear Association (AAFA), who stressed that additional tariffs would only negatively impact the industry. "With 97 percent of the clothes and shoes we wear being imported, and with clothes and shoes already the most highly tariffed industry in the US, we need to focus on common sense solutions that can move the needle," said Steve Lamar, president of the AAFA, in a statement. "More tariffs will only mean higher input costs for U.S. manufacturers and higher prices that will hurt lower-income consumers."
The Sun
4 hours ago
- The Sun
Parents warned to immediately return popular £12 Asda children's clothes featuring Disney stars over health fears
AN URGENT recall has been issued for a children's clothing item over safety concerns. The clothing set, which is available for £12 at a major retailer, has a manufacturing issue that carries a risk of injury. The Office for Product Safety and Standards issued the recall for the George 'Stitch and Angel' 2-piece set available at ASDA. Children could be put at risk by a cord on the shorts which is too long. The top in the set is unaffected by the recall. In a recall statement, the OPSS expressed concern that a child may "become tangled or trapped in the cord, leading to injury." It applies to all sizes of the children's clothing set which is suitable for ages one to eight. Customers are urged to return the product to their nearest store, and they do not need a receipt. The recall affects items with the following barcodes: 5059201121453 5059201121477 5059201121491 5059201121835 5059201121811 5059201121859 5059201121873 5059201121897 The clothing set was released as part of a collection celebrating the launch of the new live action Lilo & Stitch. ASDA's collection includes a range of clothes suitable for children. Inside brand new Lilo and Stitch cafe in Scots store A two-pack of rainbow coloured playsuits is available for £12, as well as an Aloha Vibes Long Sleeve Swimsuit also for £12. As part of the collaboration they have also released home wear, including a cushion collection, storage cubes, and a reversible duvet set. Children can be entertained by the range of toys which includes plushies, a Stitch wooden easel, and a Lilo and Stitch Monopoly set. The new live action film was released on May 21 and is a remake of the popular 2002 animation. Chris Sanders, the original voice of Stitch, has reprised the role, alongside Maia Kealoha in her debut role. 2
Reuters
5 hours ago
- Reuters
Indian miner NMDC's quarterly profit falls on softer prices
May 26 (Reuters) - Indian state-owned miner NMDC ( opens new tab on Tuesday reported a fall in fourth-quarter profit, hurt by lower product prices. The iron ore miner's quarterly profit before exceptional items and tax came in at 23.51 billion rupees ($275.56 million), down 3.5% from a year ago. Its profit including tax rose 2% for the January-March quarter due to lower tax expenses. NMDC's iron ore prices averaged at 4,206 rupees, lower than the average of 4,299 rupees a year earlier, according to data from JM Financial Institutional Securities. The company had announced a price cut in January, according to commodities consultancy BigMint. JSW Steel ( opens new tab, which primarily procures iron ore from NMDC, said earlier this month that a further drop in iron ore prices is expected in the first quarter of the ongoing fiscal year. NMDC's fourth-quarter revenue from operations rose 7% to 69.53 billion rupees, mainly due to higher sales in its pellets unit, which logged a nearly 13-fold increase in revenue. Revenue from its iron ore vertical fell nearly 2% during the quarter. ($1 = 85.3180 Indian rupees)
