Garmin COO to Become CEO

Garmin (NASDAQ: GRMN  ) announced today that current President and Chief Operating Officer Clifton Pemble will succeed Garmin founder Dr. Min Kao as president and CEO. The appointment of Pemble as Garmin CEO becomes effective Jan. 1.

Kao, a co-founder of Garmin, will remain with the company as executive chairman. In this new role, Kao is expected to provide strategic guidance and business development support to the satellite navigation company.

Pemble joined Garmin in 1989, shortly after Garmin was founded, as one of its first engineers. He has been serving as president and COO since October 2007. According to Kao, "One indicator of an enduring company is the strength of its succession plan." Kao added, "Cliff has been instrumental in establishing Garmin as a global leader in every market we serve."


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2157907, ~/Articles/ArticleHandler.aspx, 10/21/2016 9:34:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 12 hours ago Sponsored by:
DOW 18,162.35 -40.27 0.00%
S&P 500 2,141.34 -2.95 0.00%
NASD 5,241.83 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/20/2016 4:00 PM
GRMN $48.59 Down +0.00 +0.00%
Garmin CAPS Rating: **