FLIR said Tuesday Teich, also a member of the firm’s board of directors, will continue to remain in service until the board finds a new successor in partnership with executive search firm Korn Ferry International.
Earl Lewis, chairman of FLIR’s board of directors, said Teich has helped expand the firm’s product offerings and market footprint as well as complete strategic acquisitions under his leadership.
FLIR purchased Norway-based unmanned aerial systems manufacturer Prox Dynamics for approximately $134 million in November 2016 nearly a year after it acquired New Jersey-based video surveillance hardware and software maker DVTEL for about $92 million cash.
Teich has been FLIR’s president, CEO and board member since 2013 and assisted the company in its efforts to advance the adoption of thermal technology platforms across industry, consumer and military markets and increase its intellectual property portfolio.
His career at FLIR includes time as president of the firm’s commercial systems division, senior vice president of sales and marketing and head of commercial vision systems division.
The 33-year thermal imaging industry veteran moved to FLIR in 1999 after that company purchased Inframetrics, where he served as VP of sales and marketing and worked for 15 years.