Trimble Navigation Limited
935 Stewart Drive
Post Office Box 3642
Sunnyvale, CA 94085
Trimble Names Chief Financial Officer
SUNNYVALE, Calif., Dec. 20, 2004 -- Trimble (NASDAQ: TRMB) today announced that it has named Rajat Bahri as its chief financial officer. Bahri brings over 15 years of experience in a broad range of significant finance roles at Kraft Foods and General Foods. Bahri, 40, will be responsible for Trimble's worldwide finance operations including accounting, external reporting, tax, treasury and investor relations. Mark Harrington, who has served as interim CFO, will return to his role as vice president of strategy and business development upon Bahri's start date in mid-January.
"Raj's experience and personality closely fit the profile we established when we launched our search. In particular, we were looking for senior management capabilities that will enable us to manage Trimble's growth," said Steven W. Berglund, Trimble's president and chief executive officer. "In addition to excellent technical financial skills, Raj's background includes a strong operational emphasis. He has extensive experience managing within a large-scale environment that includes international operations, product line diversity, demanding cost management, and a complex market structure," Berglund continued. "Beyond his contributions to the financial and business management of Trimble, we expect that Raj will play a key role in expanding our visibility within the investment community and ensuring continued best of class corporate governance."
At Kraft, Bahri served in a variety of senior finance roles, both in the U.S. and abroad, including senior financial officer of several multi-billion dollar operations. Most recently, Bahri was the chief financial officer for Kraft Canada, Inc., a division in Kraft's second largest operating country. Bahri holds a Bachelor of Commerce from the University of Delhi and an MBA from Duke University.
"I would also like to acknowledge Mark Harrington's role during the transition period. He has provided outstanding leadership during the latter stages of the Sarbanes Oxley Section 404 implementation," added Berglund.
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, automobile navigation, machine guidance, asset tracking, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,000 employees in more than 20 countries worldwide.
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808
Investors Contact: Willa McManmon of Trimble: 408-481-6914