TEMPE, AZ -- Benchmark Electronics today announced president and chief executive Paul Tufano will retire after transitioning his responsibilities to a successor to be identified by the board of directors.
He will also resign from the board once his successor assumes the role of CEO.
The board has engaged a leading national executive search firm and is well underway to identify Tufano's successor. Tufano will remain with the company as an advisor through Dec. 31.
"On behalf of the board of directors, I would like to thank Paul for his contributions to Benchmark," said David Scheible, chairman, in a news release. "Paul has been an invaluable part of Benchmark during his tenure as a board member and later stepping into the CEO role. Paul's vision and drive have strengthened the foundations of Benchmark, and he leaves the company more resilient and well-positioned to achieve our strategy and long-term business targets."
"It has been my privilege to lead Benchmark over the past few years," said Tufano. "I am pleased with the progress we have made in the development of our go-to-market organization, the expansion of our engineering and solutions capabilities, and the unification and growth of our global network. Our leadership team is motivated and supported by a talented organization of professionals committed to solving the most complex problems for our customers. With these fundamentals in place, the timing is right to act on my planned retirement and transition to a new CEO who will continue guiding the organization towards the full achievement of our strategy. Benchmark has considerable opportunities in front of it and I look forward to working with my successor on a smooth transition."