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Richard A. Morin Promoted to Senior Vice President of Finance and Administration at Cognex Corporation
Cognex Corporation Posted 12/21/2001
NATICK, Mass.--(BUSINESS WIRE)--Dec. 20, 2001--Cognex Corporation (NASDAQ:CGNX), the world's leading supplier of machine vision systems, announced today that Richard A. Morin has been promoted to Senior Vice President of Finance and Administration. This position is in addition to his current positions of Chief Financial Officer and Treasurer of Cognex. Mr. Morin will report to James Hoffmaster, Cognex's Chief Operating Officer.
In this role, Mr. Morin will oversee the following departments at Cognex: Finance, Tax, Treasury, Investor Relations, Information Technology, Corporate Employee Services, Legal, and Facilities.
'Dick is a superb financial manager who has done an outstanding job of helping to manage our business effectively,' said Dr. Robert J. Shillman, Cognex's President, CEO and Chairman. 'His broad and deep knowledge of all the financial and administrative functions will be of increasing importance to Cognex as the company grows in the years ahead.'
Mr. Morin joined Cognex in 1999 as Vice President of Finance. Prior to that he served for ten years as Chief Financial Officer of C & K Components, Inc., an international manufacturer of electronic components and security systems, where he led the company's growth from $100 million to $200 million in revenue. Mr. Morin holds a BA in Economics and Accounting from The College of the Holy Cross, and is a Certified Public Accountant.
Cognex Corporation designs, develops, manufactures and markets machine vision systems, or computers that can 'see.' Cognex is the world's leader in the machine vision industry, having shipped to date more than 150,000 machine vision systems, representing over $1 billion in cumulative revenue, since the company's founding in 1981. Cognex's Modular Vision Systems Division, headquartered in Natick, Massachusetts, specializes in machine vision systems which are used for automating the manufacture of a wide range of discrete items and for assuring their quality. Cognex's Surface Inspection Systems Division, headquartered in Alameda, California, specializes in machine vision systems which are used for inspecting the surfaces of products that are manufactured in a continuous fashion, such as metals, paper and plastics. In addition to its corporate headquarters in Natick, Massachusetts, Cognex also has regional offices located throughout North America, Japan, Europe, and Southeast Asia. Visit Cognex on-line at http://www.cognex.com.
Robin Pratt, 508/650-3000