Mr. Todgham will continue to serve in the role of CFO until March 15, 2024, and will remain available to the company on a consulting basis after that time.

"Paul has been a valued member of our executive team over these past four years," said Rob Willett, Cognex’s President and Chief Executive Officer. "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."

Cognex is conducting a search process to identify a new CFO.