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TEMPE, Ariz. - Benchmark Electronics, Inc. (NYSE:BHE), a $1.34 billion market cap company currently trading near its InvestingPro Fair Value, announced on Monday the appointment of Dr. Michael Slessor to its Board of Directors, adding semiconductor industry expertise to the company’s leadership.
Slessor currently serves as CEO of FormFactor, Inc. (NASDAQ:FORM), a provider of wafer test solutions. He has more than 25 years of experience in the semiconductor industry, including leadership roles at KLA Corporation and as CEO of MicroProbe before its acquisition by FormFactor in 2012.
During his tenure at FormFactor, Slessor led the acquisition and integration of Cascade Microtech, which expanded the company’s product offerings and customer base. He holds a Ph.D. in Aeronautics and Physics from the California Institute of Technology and a BASc in Engineering Physics from the University of British Columbia.
"Mike is an accomplished technology executive who brings over a decade of public company CEO experience to his independent Director role here at Benchmark," said Jeff Benck, CEO of Benchmark, in a press release statement.
David W. Scheible, Chairman of the Board, added that Slessor’s appointment reflects the company’s "commitment to strategic leadership and innovation."
Benchmark Electronics provides engineering, design, and manufacturing services across multiple industries including advanced computing, aerospace and defense, industrial, medical, and semiconductor capital equipment. With annual revenue of $2.59 billion and a healthy current ratio of 2.36, the company operates facilities in seven countries and is listed on the New York Stock Exchange. Investors anticipate the company’s next earnings release on October 22, 2025.InvestingPro analysis reveals 8 additional key investment tips for BHE, along with comprehensive financial metrics and expert insights available in the Pro Research Report, helping investors make informed decisions about this manufacturing services provider.
In other recent news, Benchmark Electronics reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $0.55, slightly above the projected $0.54, while revenue reached $642 million, exceeding the anticipated $639 million. Benchmark Electronics has also declared a quarterly dividend of $0.17 per share for the third quarter of 2025, payable on October 13 to shareholders of record by the end of September. In leadership changes, CEO Jeff Benck announced his retirement effective March 31, 2026, with David Moezidis named as his successor. Moezidis will take over as President and Chief Commercial Officer immediately and will become CEO next year. Additionally, Benchmark Electronics completed the delivery of 24 Mobile Vehicle Surveillance Systems with Radar to U.S. Customs and Border Protection and the Federal Aviation Administration. These systems incorporate advanced AI-powered sensor fusion and radar technology for enhanced border security operations.
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