Image: Topcon Positioning Systems
The new identity of Topcon’s chief executive officer was revealed after Ray O’Connor’s retirement plan was announced.
Topcon, a specialist in industrial positioning systems, has announced O’Connor, its president and chief executive officer, will retire in September 2025. It will end more than three decades of O’Connor’s leadership as he transitions to Topcon’s board of directors chairman from September 1, 2024.
Ivan Di Federico will succeed O’Connor as president and chief executive officer, currently serving as the company’s chief strategy officer and executive vice president. Di Federico has been with the company for two decades and will assume the role from September 1, 2024.
“It has been a true privilege to lead Topcon Positioning Systems for the past three decades and witness the incredible growth and evolution of the company,” O’Connor said.
“I am immensely proud of what our team has accomplished, and confident that Ivan is the right leader to take the company into the future.
“His deep technical expertise, strategic vision, and proven track record of driving innovation make him the ideal choice to lead the company through its next chapter of growth and success.”
Under O’Connor, Topcon Positioning Systems expanded into new markets and added new product lines. This included key acquisitions and the introduction of GNSS, radios, machine automation, global positioning software, and workflow solutions.
“Ray has made significant contributions to the global positioning industry through his many patents, inspired by his product vision and application experience — I am honoured to succeed him as president and CEO of Topcon Positioning Systems,” Di Federico said.
“Ray has built an exceptional company and a talented team, and I look forward to building upon this strong foundation to drive continued innovation and growth.
“As we navigate an increasingly complex and rapidly evolving market landscape, I am confident that our strategic focus, operational excellence, and world-class solutions will position the company for continued success.”
Topcon also announced that Philip Thach will be promoted to executive vice president chief operating officer, and executive vice president chief financial officer, effective September 1, 2024 after joining the company in 2018.
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