8-KLeadership Changes

TERADYNE, INC 8-K Report, Executive Changes (Mar 22, 2005)

Filed March 22, 2005For Securities:TER

Summary

Teradyne, Inc. (TER) filed an 8-K report on March 22, 2005, to announce a change in its principal accounting officer. Effective March 18, 2005, G. Richard MacDonald resigned from his role as Corporate Controller and principal accounting officer. Mr. MacDonald will continue with the company as the Automatic Test Equipment Operations Controller. Amy R. McAndrews has been appointed as the new Corporate Controller and principal accounting officer. Ms. McAndrews, 33 years old, has a background in financial operations and treasury at Teradyne, and prior experience at Tyco International and PricewaterhouseCoopers LLP. This change in leadership for the principal accounting role is the primary event detailed in this filing.

Key Highlights

  • 1G. Richard MacDonald resigned as Principal Accounting Officer (Corporate Controller) effective March 18, 2005.
  • 2Mr. MacDonald will remain with Teradyne in the role of Automatic Test Equipment Operations Controller.
  • 3Amy R. McAndrews was appointed as the new Corporate Controller and Principal Accounting Officer effective March 18, 2005.
  • 4Ms. McAndrews was previously Teradyne's Manager of Financial Operations.
  • 5Ms. McAndrews has prior experience at Tyco Electronics and Tyco International (U.S.) Inc.
  • 6Ms. McAndrews also has an audit background from PricewaterhouseCoopers LLP.
  • 7The change is considered an internal promotion with a clear transition plan for the principal accounting function.

Frequently Asked Questions

Mr. MacDonald resigned to allow for the appointment of Amy R. McAndrews to the role. He will continue with Teradyne in a different capacity as Automatic Test Equipment Operations Controller.

Amy R. McAndrews has been appointed as the new Corporate Controller and principal accounting officer, effective March 18, 2005.

Ms. McAndrews, 33, previously served as Teradyne's Manager of Financial Operations and Manager of Treasury Operations. She also held positions at Tyco International and started her career at PricewaterhouseCoopers LLP.

This 8-K filing primarily reports a change in the principal accounting officer. While it signifies a transition in this specific role, the previous officer remains with the company, and the new officer has relevant internal experience, suggesting a planned and managed transition rather than a disruptive event.