ATS Automation Tooling Systems Inc. has announced that Anthony Caputo, chief executive officer of the company, will leave February 2017.
Additionally, Caputo and the ATS have entered into a transition agreement that, among other things, provides for continuity, an orderly transition of leadership and states that Caputo may leave earlier if a transition is completed. Caputo will remain on the board of directors of ATS throughout the transition.
According to ATS, it will initiate a thorough search and selection process for a successor suitable to lead ATS.
"On behalf of the board of directors, I would like to thank Anthony [Caputo] for his contribution toward building ATS's industry leadership," said David McAusland, chairman of the board. "Anthony and the board will work together through the transition period to ensure that ATS continues its strategy to grow as a provider of enabling manufacturing solutions for customers across many industries."