Teledyne Technologies Announces Management Transition
LOS ANGELES - June 5, 2000 - Teledyne Technologies Incorporated (NYSE: TDY) today announced that Stefan C. Riesenfeld has decided to resign from his position as executive vice president, chief financial officer and treasurer, effective June 6, 2000, to pursue a new opportunity.
"Mr. Riesenfeld played an important role in the spin-off of Teledyne Technologies and we wish him success in his future endeavors," said Robert Mehrabian, president and chief executive officer of Teledyne Technologies. Effectively immediately, Dale A. Schnittjer will serve as acting Chief Financial Officer. Mehrabian noted, "As a 30-year Teledyne veteran, Dale has had extensive financial experience in our operating companies. He will also continue his duties as corporate controller while Teledyne actively recruits a new chief financial officer."