Daktronics names Ramesh Jayaraman President and CEO, shares fall

Daktronics

03/12/2025 14:54

** Shares of digital display maker Daktronics DAKT.O fall nearly 1.4% to about $18.2

     ** DAKT names Ramesh Jayaraman as president and chief executive officer, effective February 1, 2026

     ** Jayaraman has 25 years of global operations experience, and recently served as senior vice president and Americas integration leader for Bosch Home Comfort

     ** Jayaraman will also join the board; director and former chairman, president and CEO Reece Kurtenbach to step down

     ** Interim CEO Brad Wiemann to remain through Q3 ending January 31, 2026

     ** Including session's moves, shares up 8% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))