Littelfuse, Inc. (NASDAQ: LFUS) today announced that Gordon Hunter, Chairman, President, and Chief Executive Officer, will transition to the role of Executive Chairman, effective January 1, 2017. Dave Heinzmann, Chief Operating Officer, will assume the position of President and Chief Executive Officer at that time and will join the company's board of directors, bringing the size of the board to eight members. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161116005217/en/
Gordon Hunter (Photo: Business Wire)
Hunter joined the Littelfuse board of directors in 2002. He served as Chief Operating Officer from November 2003 to January 2005, and was named President and Chief Executive Officer and elected Chairman of the Board of Directors in January, 2005. Beyond January 2017, he will continue as Executive Chairman of the company and work closely with Heinzmann. "I am proud to have led the company for the past 12 years through a period of unprecedented growth to a $1 billion enterprise," said Hunter . "As we look ahead, I am confident that Littelfuse is well positioned for its next stage of growth. I want to thank all of our associates for their enthusiasm and dedication in transforming our company into what we are today, and look forward to our continued success." "Dave and I have worked together for 13 years, and more closely in the past three years as he stepped into the chief operating officer role," continued Hunter. "Together, we built our current successful strategy and have been working on our next five-year growth strategy, which we will roll out in December. I expect this to be a seamless transition, as we've been preparing for this for some time. With Dave's extensive experience across the company, he is the right leader for our next phase of growth."