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MTS Board Appoints Randy Martinez Interim Chief Executive Officer

EDEN PRAIRIE, Minn., May 14, 2020 /PRNewswire/ -- MTS Systems Corporation (NASDAQ:MTSC), a leading global supplier of advanced test systems, motion simulators and precision sensors, today announced that its Board of

Benzinga · 05/14/2020 12:39

EDEN PRAIRIE, Minn., May 14, 2020 /PRNewswire/ -- MTS Systems Corporation (NASDAQ:MTSC), a leading global supplier of advanced test systems, motion simulators and precision sensors, today announced that its Board of Directors has unanimously elected Randy J. Martinez as Interim President and Chief Executive Officer, effective May 23, 2020. Mr. Martinez, a seasoned executive who has served as an independent director on the Company's Board since March 2014, will succeed Dr. Jeffrey A. Graves, who will be stepping down as President and Chief Executive Officer and as a director of the Company to pursue another opportunity. The Board is commencing a search process for a permanent replacement that will include internal and external candidates.