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Cognex names modular vision systems unit president



By AP
16 June 2008 @ 05:10 pm EST

NATICK, Mass. - Cognex Corp., which makes machine vision systems, sensors, and identification readers used in manufacturing, on Monday named Robert Willett president of the company's modular vision systems division.

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The unit is Cognex's largest and generates about 90 percent of the company's annual revenue.

Willett previously worked as a vice president of business development at Danaher Corp., which makes industrial controls and technology.

Shares of Cognex fell 22 cents to close at $26.92. In aftermarket electronic trading, shares gained 26 cents to $27.18.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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