FLIR re-structures business and COO resigns

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FLIR Systems, Inc. has confirmed it will be realigning its business operations into three principal business units: Government and Defense, Industrial, and Commercial. With this realignment Tom Surran, Senior Vice President and Chief Operating Officer, has also announced his resignation, effective September 30, 2017.

With this consolidation, FLIR intends to reduce complexity, realise greater operating synergies, and enhance management focus. FLIR expects to report its financial results in accordance with this new operating structure beginning with its first quarter 2018 operating results. FLIR’s new business units will operate as follows:

The Government and Defense unit will consist of the current Surveillance and Detection segments, excluding the Outdoor and Tactical Systems (OTS) business. The Government and Defense BU will be led by FLIR President and CEO, Jim Cannon, until a permanent President is appointed. The Industrial unit will consist of the current Instruments and OEM and Emerging segments, excluding the Intelligent Traffic Systems (ITS) business.

Frank Pennisi, who joined FLIRr in 2017 as Vice President and General Manager of the OEM and Emerging operating segment, will serve as President of the Industrial Business Unit.
The Commercial Business Unit will consist of the current Maritime and Security segments, along with the ITS and OTS businesses. Travis Merrill, currently FLIR’s Senior Vice President and Chief Marketing Officer, will serve as President of the Commercial BU. With this realignment, Tom Surran, Senior Vice President and Chief Operating Officer, has announced his resignation, effective September 30, 2017