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January 4, 2024

CFO of Natick-based machine vision firm to depart

A grey building with yellow trim around the top and "COGNEX" lettered on the side Photo | Grant Welker Cognex's Natick headquarters

Cognex, a Natick-headquarter provider of machine vision tools utilized in factory automation, has announced Paul Todgham, its senior vice president of finance and chief financial officer, will depart the company in March.

Todgham will remain the company’s CFO until his departure on March 15 and will remain available to the company in a consulting capacity after that point, according to a Wednesday press release issued by the publicly traded company. 

"Paul has been a valued member of our executive team over these past four years," Rob Willett, Cognex's president and CEO, said in the release. "Paul has made significant contributions to Cognex's success, including the enhancement of Cognex's planning and budgeting process, as well as overseeing investments in Cognex's CRM platform. We wish him the very best in his future endeavors."

The company is conducting a search process to identify a new CFO.

"I am proud of what we have accomplished and honored to have worked with such a talented and dedicated team," Todgham said in the release. "It has been a privilege to be part of Cognex's journey, and I look forward to the company's continued success."

Prior to Todgham’s time at Cognex, he served in multiple different vice president roles from 2015 to 2020 at California-based Levi Strauss & Co, according to his LinkedIn page. He is a graduate of the Stanford University Graduate School of Business in California and the University of Cambridge in the United Kingdom.

Cognex describes itself as the world leader in machine vision technology, which is used in manufacturing settings where human vision would be inadequate to inspect and identify items in a timely manner. The company has shipped more than 4 million image-based products since its founding in 1981, representing $10 billion in revenue, according to the release.

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