Trimble announced that its Board of Directors has unanimously elected Robert G. Painter to succeed Steven W. Berglund as president and CEO of Trimble effective January 4, 2020, the first day of Trimble's 2020 fiscal year. Painter will also join the Trimble Board of Directors on January 4, 2020. Berglund, who has served as president and CEO since 1999, will transition to executive chairman of Trimble's Board of Directors effective January 4, 2020.
Painter joined Trimble in 2006 and initially served in corporate development and general management roles in construction telematics and a joint venture initiative. In 2015, he was appointed vice president of the building construction software segment. In 2016, he was appointed CFO. Prior to Trimble, Painter was in strategy, operational, and consulting roles. He holds a B.S. in Finance from West Virginia University as well as an MBA from Harvard Business School.
Painter has led many of the company's initiatives, including the conversion to a SaaS model, and improved focus on business portfolio performance and margin enhancement.
In his executive chairman role, Berglund will focus on maintaining and extending key external strategic relationships, targeting specific strategic initiatives and supporting the executive and management groups.
Ulf Johansson will retire as Chairman of the Board. Johansson has been a Trimble board member since 1999 and chairman since 2007. Johansson will retire effective January 4, 2020.
Trimble intends to name a lead independent director to serve while Berglund serves as executive chairman. The company is also conducting an external search process to replace Painter as CFO.