John Bean Technologies (JBT) CEO Charlie Cannon is stepping down, although he will remain Executive Chairman.
Cannon is being replaced by Tom Giacomini, CEO of Dover Corp.'s (DOV) Engineered Systems business. Giacomini most recently led a diversified portfolio of 14 industrial businesses with annual sales of over $3.5B.
JBT CFO Ron Mambu will retire when a successor has been found. (PR)