CyberOptics CEO Kathleen Iverson To Retire

(RTTNews) - CyberOptics Corporation (CYBE), a provider of sensors and inspection systems for the electronic assembly and semiconductor equipment markets, Monday announced that its President and Chief Executive Officer Kathleen Iverson will retire on January 31, 2014. The company's Executive Chairman Subodh Kulkarni will serve in the interim until the Board appoints a permanent CEO.

Kathleen Iverson said, "I was privileged to work with Dr. Steven Case, the founder of CyberOptics, and am grateful for the opportunity to work with the many other members of CyberOptics' talented and dedicated team, and to serve its many exceptional customers. I look forward to helping the company transition to new management and will remain a fan and shareholder of CyberOptics into my retirement."

Friday, the stock closed at $5.79 on the Nasdaq.