Cognex names VP of Finance Laura MacDonald interim CFO after Paul Todgham exit
Cognex's board designated Laura MacDonald, Vice President of Finance, as interim principal financial and principal accounting officer, effective March 15, 2024, replacing CFO Paul Todgham, whose resignation was announced January 3, 2024. The company said it is searching for a new Chief Financial Officer. For shareholders, this is a leadership change at the top finance role, with the permanent CFO still to be named.
- Laura MacDonald, age 55, becomes interim principal financial officer and principal accounting officer effective March 15, 2024.
- Paul Todgham's resignation as Senior Vice President of Finance and CFO is effective March 15, 2024; it was first announced January 3, 2024.
- MacDonald will receive restricted stock units with an economic value of approximately $50,000 at grant, vesting 20%, 30% and 50% on the first, second and third anniversaries.
- The company is searching for a new Chief Financial Officer; the filing gives no timeline.