Byrne leaves Intermec
May 01, 2012 - MMH Editorial
Intermec today announced the departure of President, Chief Executive Officer and Board member Patrick J. Byrne.
Chairman of the Board Allen J. Lauer, will serve as Interim Chief Executive Officer and President, effective immediately, until a permanent successor is in place, and will continue to serve as Chairman of the Board. In a related change, the company announced that Board member Stephen P. Reynolds will serve as Lead Independent Director and will succeed Lauer in the position of Chairman of the Company’s Governance and Nominating Committee.
“Pat made many positive contributions here at Intermec, including leading the Company through transformations in our sales channels and supply chain, as well as executing several successful acquisitions. We wish him the very best in his future endeavors,” said Lauer. “Going forward, we will make sure that Intermec’s focus on excellence and innovation continues. The Board is fully engaged and intends to take full advantage of the Company’s many strengths to accelerate value creation for our customers, shareholders and employees.”
Lauer has been a member of Intermec’s Board since 2003 and has served as the non-executive Chairman of the Board and Chair of the Governance Committee since 2007. He is the retired CEO of Varian, Inc., a supplier of scientific instruments and vacuum technologies, a position he held from 1999 to 2003. He served as Varian’s Chairman from 2002 to 2009. Reynolds is the former President, Chief Executive Officer and director of Puget Energy, Inc., a regulated Washington State utility, and its wholly owned utility subsidiary, Puget Sound Energy, Inc.