PORTLAND, OR -- (Marketwired) -- 05/24/13 -- FLIR Systems, Inc. (NASDAQ: FLIR) today announced changes to its executive management team. Thomas A. Surran has been appointed President of the Commercial Systems division, succeeding Andrew C. Teich, who was recently named FLIR's President and Chief Executive Officer. Additionally, Jeffrey D. Frank has been promoted to the new role of Vice President, Global Product Strategy.
"We are pleased to add Tom and Jeff to our executive staff," said Mr. Teich, President and CEO of FLIR. "Tom has a proven ability to execute with vision and control, which we saw in his advancement of our maritime businesses. Jeff has been a driving force in new product conceptualization, development, and industrial design. Their skills will help position our global businesses for further growth, profitability, and continued product innovation."
Both Mr. Surran and Mr. Frank joined FLIR in 2004 when the company acquired Indigo Systems. In addition to his previous role as General Manager of the company's Raymarine segment, Mr. Surran has served in several roles at FLIR, including CFO of the Commercial Systems division. Mr. Frank possesses over 25 years of experience in the infrared industry and was most recently Vice President of Product Strategy for the company's Commercial Systems division.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The company's advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit FLIR's web site at www.FLIR.com.
The statements in this release by Andy Teich and the other statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates, and projections about FLIR's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to develop, manufacture, and deliver products, changes in demand for FLIR's products, product mix, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, FLIR's continuing compliance with U.S. export control laws and regulations, and other risks discussed from time to time in FLIR's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and FLIR does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.
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