Flir names new executive vice president and CFO
Wilsonville-based night vision company FLIR Systems has had a slew of news recently, not the least of which includes naming a new executive vice president and chief financial officer.
The firm announced that Carol P. Lowe is the new VP and CFO last week. The appointment comes after a new president and CEO, Jim Cannon, was hired in May.
FLIR makes sensor systems, such as infra-red cameras, which are used in firefighting and by the U.S. military. Flir has nearly 3,500 employees — one of the largest companies in the state — and reported revenues of nearly $1.7 billion last year.
Reporting to Cannon, Lowe will lead FLIR's global finance organization with responsibility over all financial operations, including reporting, controls, planning and strategy.
Over the past five years, Lowe was the senior vice president and CFO at Sealed Air, a $6.8 billion multinational food safety and hygiene product protection company, where she led global finance.
In the decade preceding that experience, Lowe worked in many executive leadership positions for Carlisle Companies, Inc., including as president of two business units and as CFO.
Lowe's Bachelor of Science degree is in accounting, earned from the University of North Carolina Charlotte, and her MBA is from the Fuqua School of Business at Duke University.
She succeeds Amit Singhi, who left the company in July after two years. In the interim, the CFO position was filled by senior vice president of corporate development and strategy, Shane Harrison.
"I'm excited to welcome Carol (Lowe) to the team. Her deep and well-rounded financial experience, as well as her general management and leadership skills, will be valuable assets for FLIR," said President Cannon. "I look forward to Carol (Lowe) making a lasting impact on FLIR's financial and operational performance."
Lowe's new position becomes effective November 27.
FLIR specializes in thermal imaging systems, visible-light imaging systems, locator systems, measurement and diagnostic systems and advanced threat detection systems. Over the years, FLIR's product lines have caught the attention of the Department of Defense, U.S. Army, U.S. Navy, U.S. Coast Guard and the U.S. Border Control.
The sensor and surveillance manufacturer also recently announced landing a $74.7 million U.S. Army contract for the land surveillance system TacFLIR. TacFLIR, the multi-purpose surveillance sensors, are the latest items to interest the U.S. government.
"Our TacFLIR products include the latest technology needed for an increasingly vital force protection mission," said Adam DeAngelis, director of FLIR Systems. "The TacFLIR's range, performance and its ability to withstand not only extremely high temperatures, but also operate continuously is critical to being chosen."
The system will be used for perimeter security and U.S. troop protection in conflict zones, but have a host of other applications such as border security and IED detection.
As part of the same program, FLIR was also awarded an $8.8 million contract in 2017 for portable, long-range thermal imaging FLIR Ranger radars.
FLIR was also recently awarded a $6.8 million order to deliver Black Hornet Personal Reconnaissance Systems (PRS) in support of the Australian Army.
The Black Hornet nano drones are small and almost silent. They weigh just 18 grams, have a rotor span of 120 mm, a top speed of 5 meters per second, and can stay up for 25 minutes.
"We are pleased to be selected by the Australian Army to provide this previously non-existent personal reconnaissance technology," said Cannon. "This recent contract highlights the increasing demand for the Black Hornet to be incorporated within the operational capability of the world's leading militaries, providing immediate deployable security."
The units delivered under this firm-fixed-price contract will support platoon and troop level organic surveillance and reconnaissance capabilities.
FLIR has delivered over 5,000 Black Hornet PRS around the world, reiterating the demand for the relatively new nano-Unmanned Aerial Vehicle (drone) technology offered by FLIR.
The Australian Army has already been testing and evaluating the Black Hornet PRS.
FLIR will manufacture the systems in Oslo, Norway. Deliveries will begin in 2018 and be completed within one year.