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TEMPE, Ariz. - Benchmark Electronics, Inc. (NYSE:BHE), a $1.45 billion market cap company with a "Good" financial health rating according to InvestingPro, announced Tuesday that President and Chief Executive Officer Jeff Benck will retire effective March 31, 2026, after seven years at the helm of the company.
David Moezidis, currently Executive Vice President and Chief Commercial Officer, has been named as Benck’s successor. Moezidis will immediately assume the role of President and Chief Commercial Officer, and will become CEO when Benck steps down next year.
Following his retirement as CEO, Benck will remain with the company as an advisor until March 31, 2027, to facilitate a smooth leadership transition.
Moezidis brings over 35 years of experience in operations, engineering, sales, and marketing across multiple industries. Before joining Benchmark in 2023, he spent 25 years at Flex, where he served as President of the Lifestyle Solutions group and Senior Vice President of the Industrial and Energy group.
Benck has led Benchmark since 2019, during which time the company expanded its engineering capabilities and introduced advanced manufacturing practices.
"I’ve had the privilege of working alongside the most exceptional management team in the industry," Benck said in the press release.
Board Chair David Scheible expressed gratitude for Benck’s leadership, noting that "Jeff has guided the company through transformative growth, navigated complex challenges, and built a culture rooted in innovation and integrity."
Benchmark Electronics provides engineering design services, supply chain solutions, and manufacturing services across several industries including advanced computing, aerospace and defense, industrial, medical, and semiconductor capital equipment. InvestingPro analysis indicates the company is currently trading above its Fair Value, with a P/E ratio of 37.5x and maintaining a solid liquidity position with a current ratio of 2.36. For deeper insights into BHE’s valuation and 8 additional key ProTips, visit the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Benchmark Electronics Inc. reported its financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.55, slightly above the forecasted $0.54. Revenue also exceeded projections, reaching $642 million compared to the anticipated $639 million. These results highlight the company’s strategic focus on the AI and semiconductor sectors as key growth areas. Additionally, Benchmark Electronics has 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 artificial intelligence-powered sensor fusion and radar technology to enhance border security operations. The recent developments showcase Benchmark Electronics’ advancements in technology and strategic initiatives.
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