FLIR Systems To Realign Business Operations Into Three Principle Business Units

(RTTNews) - FLIR Systems Inc. (FLIR) said that it will realign its business operations into three principle business units: Government and Defense, Industrial, and Commercial.

FLIR expects to report its financial results in accordance with this new operating structure beginning with its first quarter 2018 operating results.

Government and Defense will consist of the current Surveillance and Detection segments, excluding the Outdoor and Tactical Systems (OTS) business. The Government and Defense BU will be led by FLIR President and CEO, Jim Cannon, until a permanent President is appointed.

Industrial unit will consist of the current Instruments and OEM and Emerging segments, excluding the Intelligent Traffic Systems (ITS) business. Frank Pennisi, who joined FLIR in 2017 as Vice President and General Manager of the OEM and Emerging operating segment, will serve as President of the Industrial BU.

Commercial unit will consist of the current Maritime and Security segments, along with the ITS and OTS businesses. Travis Merrill, currently FLIR's Senior Vice President and Chief Marketing Officer, will serve as President of the Commercial BU.

With this realignment, Tom Surran, Senior Vice President and Chief Operating Officer, has announced his resignation, effective September 30, 2017.