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MALVERN, Pa. - Vishay Precision Group, Inc. (NYSE:VPG) announced Tuesday the appointment of Yair Alcobi as Chief Business and Product Officer and the promotion of Rafi Ouzan to Chief Operating Officer, effective immediately. The precision measurement company, currently trading at $38.01, has seen impressive stock performance with a 61% return over the past year and is trading near its 52-week high of $38.90, according to InvestingPro data.
Both positions are newly created at the precision measurement and sensing technologies company.
In his new role, Alcobi will oversee sales, marketing, product strategy, and business development. He brings more than 25 years of senior management experience from both private and public industrial technology businesses. Alcobi previously held leadership positions at KLA Corporation (formerly Orbotech) where he served as President of the PCB Division and President of Orbotech's East Asia Subsidiary. He also worked at Kulicke & Soffa.
Ouzan, who previously served as Senior Vice President and Division Head of Weighing Solutions at VPG, will be responsible for overseeing the company's operations, including quality management and supply chain optimization across all manufacturing sites. His 30-year career includes roles as VPG's Vice President of the Force Sensors Division and various positions at Vishay Intertechnology.
Ziv Shoshani, President and CEO of VPG, said the organizational changes aim to "streamline business cross-divisional processes in a more efficient way" as the company pursues its strategic priority of "driving sustained, accelerated growth."
The appointments were announced in a company press release.
In other recent news, Vishay Precision Group Inc. (VPG) announced its Q2 2025 earnings, reporting an earnings per share (EPS) of $0.17, which exceeded the analysts' forecast of $0.15 by 13.33%. Despite this positive earnings result, the company's revenue fell slightly short of expectations, totaling $75.16 million compared to the anticipated $75.71 million. These recent developments reflect a mixed financial performance for the company, with a notable earnings beat but a revenue miss. The earnings call also highlighted strategic developments, although specific details were not disclosed. Analysts and investors are closely monitoring these financial results and strategic updates for potential impacts on the company's future performance.
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