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Daktronics CEO Transition Date Set

Reece A. Kurtenbach takes over as CEO on Sept. 1.

By Rich Smith – Aug 13, 2013 at 5:04PM EST

Brookings, S.D.-based Daktronics (DAKT +3.24%) is getting a new CEO.

On Tuesday, the maker of supersized electronic display systems announced the official retirement date for current Chief Executive Officer James E. Morgan -- Sept. 1. On that date, the company's previously named successor, current Executive Vice President Reece A. Kurtenbach, will take the reins as president and CEO.

Kurtenbach is the son of Dr. Aelred J. Kurtenbach, who is chairman of the company board.

Daktronics originally named Kurtenbach as Morgan's successor back in February but had not named an official takeover date until today. At last report, Daktronics did not anticipate making any change in Kurtenbach's compensation plan in connection with his promotion.

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About the Author

Rich Smith
Rich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”
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Stocks Mentioned

Daktronics Stock Quote
Daktronics
NASDAQ: DAKT
$26.62
(+3.24%)+$0.84

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