News Releases
What does Keysight do?SANTA ROSA, Calif., Sept. 19, 2014
Keysight Technologies, Inc., the spinoff electronic measurement company of Agilent Technologies, today announced plans to appoint Charles J. Dockendorff to its board of directors.
Dockendorff, 60, is executive vice president and chief financial officer of Covidien plc where he is responsible for the company's financial management and activities, including corporate accounting, tax, treasury, financial planning and investor relations, as well as internal audit and information services. He has held the position at Covidien and its predecessor, Tyco Healthcare, since 1995.
Dockendorff joined Kendall Healthcare Products in 1989 as controller. He previously, held leadership positions at Epsco, Inc. and Infrared Industries. Dockendorff also worked as an accountant at Arthur Young & Company (now Ernst & Young) and the General Motors Corporation.
"Chuck Dockendorff is a highly-respected leader with extensive experience in financial management and will be an excellent addition to our board as Keysight becomes independent from Agilent," said Paul Clark, chairman-designate of Keysight's board of directors. "Chuck's experience in helping Tyco Healthcare grow sales from $600 million in 1995 to more than $10 billion when Covidien was spun off as a separate public company, as well as his experience with the spinoff company thereafter, makes him an excellent addition to Keysight's growing board."
"I look forward to joining the Keysight board and working with this very talented and seasoned team," said Dockendorff. "This is an exciting time for Keysight and I am pleased to be a part of the journey."
Dockendorff holds a bachelor's degree in business administration and accounting from the University of Massachusetts and a Master of Science degree in finance from Bentley College.
Keysight expects Dockendorff's appointment to become effective concurrently with, or shortly before, the completion of the Keysight spinoff, currently targeted for November 2014.
On Sept. 19, 2013, Agilent Technologies announced plans to separate into two publicly traded companies through a tax-free spinoff of its electronic measurement business. The new company, Keysight Technologies, began operating as a wholly owned subsidiary of Agilent on Aug. 1, 2014 with a full separation anticipated in early November 2014. Keysight is expected to trade on the NYSE under the symbol KEYS.
Keysight is a global electronic measurement technology and market leader helping to transform its customers' measurement experience through innovation in wireless, modular, and software solutions. Keysight provides electronic measurement instruments and systems and related software, software design tools and services used in the design, development, manufacture, installation, deployment and operation of electronic equipment. Information about Keysight is available at www.keysight.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding Keysight's separation of the electronic measurement business; future revenues, earnings and profitability; the future demand for the company's products and services; and customer expectations. These forward-looking statements involve risks and uncertainties that could cause Keysight's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to, unforeseen changes in the strength of our customers' businesses; unforeseen changes in the demand for current and new products, technologies, and services; customer purchasing decisions and timing, and the risk that we are not able to realize the savings expected from integration and restructuring activities.
In addition, other risks that Keysight faces include those detailed in Keysight's filings with the Securities and Exchange Commission, including our Form 10, and amendments thereto. Forward-looking statements are based on the beliefs and assumptions of Keysight's management and on currently available information. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement.
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