Sunnyvale, Calif.-based Trimble (NASDAQ:TRMB) needs a new CFO.
On Monday after close of trading, the maker of GPS products for industrial use announced that Chief Financial Officer Rajat Bahri has decided to take a job with a private equity firm, and will be leaving Trimble effective June 3.
In the eight years since Bahri joined Trimble, he has helped to grow revenue by 170% and profits by more than 120%. Over the past 12 months, Trimble took in $2.1 billion in revenue and reported $190 million in net income.
Trimble will begin seeking a replacement immediately. In the meantime, it has named Chief Accounting Officer Julie Shepard to serve as interim CFO.