Daktronics chairman, president and CEO Reece Kurtenbach stepped down from all three positions at the company this week
Reece, whose father, Al, co-founded Daktronics in 1968, has been CEO since 2013.In a statement Reece said “Since its founding over 50 years ago, Daktronics has grown into a world leader in video communications displays and control systems. I am incredibly proud of what we have been able to achieve together and deeply humbled by the remarkable hard work, commitment and loyalty of our team members that has enabled us to get to this point. I am confident that Daktronics has a strong foundation in place, supported by the increasing momentum from the company’s transformation, to continue its global growth. This is the right moment for me to step back as CEO and to turn the business over to the next generation of leadership. I believe Daktronics is well-positioned to expand its market leadership position and create significant long-term value for our customers, shareholders and all stakeholders.”
Andrew Siegel, a lead independent director, will become chairman of the board and Executive vice president Brad Wiemann has been appointed interim CEO while a national executive search is carried out. Brad has been with the company since 1993 and has served in a variety of roles across manufacturing, engineering, product development and other functions. In his current role, he oversees the company’s commercial, high schools, and parks and recreation business units.
Board member Howard Atkins, former chief financial officer of Wells Fargo, has been appointed acting CFO and chief transformation officer. Sheila Anderson, who was CFO, is focusing on her additional role as chief data and analytics officer.