HEIDENHAIN Announces New CEO

DR. JOHANNES HEIDENHAIN GmbH is pleased to announce the appointment of
David Doyle as CEO of HEIDENHAIN CORPORATION, effective Oct. 1, 2018. At
that time, Doyle will assume full responsibility for the HEIDENHAIN
CORPORATION customer-focused operations for the U.S., Canada and Mexico.
This change will complete the succession plan for Rick Korte, current
CEO of HEIDENHAIN CORPORATION who will be retiring at that time after
more than 34 years of service.

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HEIDENHAIN CORPORATION announces new CEO David Doyle, effective Oct. 1, 2018. (Photo: Business Wire)

“I am happy to announce the next phase of the succession plan for our
North American operations, with the promotion of David Doyle to CEO,”
said Korte. “I have the utmost confidence in David and trust he will
continue to grow our business and support our customers with World Class
service in all areas.”

Doyle started with HEIDENHAIN CORPORATION in 2016 as Vice President of
Sales & Marketing, bringing with him more than twenty-five years of
experience in international capital equipment business and technical
support management. He currently serves as its President and Managing
Director.

“I want to thank Rick Korte for leading HEIDENHAIN CORPORATION in
tremendous growth over these many years, and for the guidance he has
provided to not only myself, but to the many staff members who have
called HEIDENHAIN home for so long,” said Doyle. “I am looking forward
to leading the HEIDENHAIN CORPORATION team through the next phase of
development and to reaching our growth objectives in North America by
continuing to put our Customers First.”

About HEIDENHAIN

DR. JOHANNES HEIDENHAIN GmbH, headquartered in Traunreut, Germany,
develops and supports motion control feedback solutions for the machine
tool, semiconductor, electronics assembly and test, metrology,
automation, medical, energy, biotechnology and other global markets.
HEIDENHAIN employs approximately 6,000 people worldwide in its core
business activities. The North American subsidiary is HEIDENHAIN
CORPORATION, headquartered in Schaumburg, IL, and San Jose, CA, and has
been serving the U.S. industry for over 50 years. www.heidenhain.us

For more information, contact HEIDENHAIN’s Public Relations Manager
Kathleen Stoneski at (847) 519-4702 (kstoneski@heidenhain.com)
or write to us at HEIDENHAIN CORPORATION, 333 E. State Parkway,
Schaumburg, IL 60173.

Digital image is available at:

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005121/en/

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