June 13, 2024

Trimble announces share buyback, two new directors after Jana stake

The Trimble logo is displayed on a smartphone.

Igor Golovniov | SOPA Images | LightRocket | Getty Images

Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake in the company.

Ron Nersesian and Kara Sprague will join Trimble’s board effective February, the company said in a release. Sprague is an executive vice president at Nginx-owner F5. Nersesian is the chairman and former CEO of Keysight, an equipment and software company.

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