Brookings, S.D.-based Daktronics (NASDAQ:DAKT) 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.