Longtime Teledyne executive announces retirement
Jason VanWees, Teledyne Technologies’ Vice Chairman, announced that he will be retiring from his position on Feb. 1, 2027, at age 55.
VanWees joined Teledyne before the company’s spin-off in 1999 and was named vice chairman in 2021. He spoke at a Ventech event in Santa Barbara in 2023, detailing Teledyne’s legacy as well as its M&A strategy.
VanWees has led the identification and acquisition of 75 complementary businesses for cumulative consideration of $12.8 billion. Through disciplined capital allocation, including opportunistic share repurchases, Teledyne has evolved into a more attractive, higher-margin technology company with compound annual shareholder return greater than 17% for nearly 27 years as an independent company. Over the same time period, Teledyne’s sales and market capitalization have grown approximately 8x and over 100x, respectively, according to the press release.
“Since the beginning of Teledyne Technologies, Jason and I have been equal partners overseeing Teledyne’s growth strategy and capital allocation,” said Robert Mehrabian, executive chairman. “At the same time, given his extensive knowledge of our businesses and markets, Jason has led Teledyne’s discussions with the investment community for decades. I express personally, and on behalf of everyone at Teledyne, that Jason will be sorely missed.”
Mary Grace DeForest, senior vice president and general manager of Teledyne Microwave, has been appointed corporate vice president of investor relations and mergers and acquisitions, effective Nov. 1.
She joined Teledyne in 2011 as a manufacturing engineer and has assumed positions of increased responsibility at both the corporate office and Teledyne businesses, including Teledyne Marine, Digital Imaging and Defense Electronics.
In her current position, she has P&L responsibility for a group of businesses with 880 employees and an annual revenue of $320 million.
