Faro CEO Jay Freeland to Step Down; Search for Successor Underway

Jay Freeland, president and CEO of 3D measurement firm Faro Technologies Inc., has announced his plans to leave the company.

Freeland will remain in his current roles, including as board member, until a successor is found. Freeland intends to pursue other business and personal interests after 11 years with Faro.

A subcommittee has been formed and has initiated a comprehensive external search to identify a new president and CEO.

"We are focused on hiring a strong and dynamic leader who has a record of successfully executing strategic initiatives in a rapidly evolving market, driving positive financial results and who shares our vision of leveraging the unique entrepreneurial attributes of Faro's culture," said Dr. Simon Raab, chairman of the company's board of directors.

Faro develops computer-aided and laser-based measurement and imaging devices and software, permitting precision 3D measurement, imaging and comparison of parts and complex structures within production and quality assurance processes. The devices are used for inspecting components and assemblies, rapid prototyping, documenting large-volume spaces or structures in 3D, surveying and construction, as well as for investigation and reconstruction of accident sites and crime scenes.