Garmin names new CFO

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Garmin Ltd. named Doug Boessen as its next chief financial officer and treasurer, beginning July 31.

Boessen will succeed Kevin Rauckman, who has been the company’s CFO and treasurer since 1999. Rauckman, who has chosen to pursue interests outside Garmin, will remain at the company throughout 2014 to ensure a seamless transition.

Boessen recently was the CFO at Collective Brands Inc. where he began as associate controller in 1997. Garmin said he also spent many years at Arthur Andersen and is a certified public accountant.

He will oversee financial planning, accounting, investor relations, treasury and internal audit functions.

"Doug's successful track record as a public company CFO and strong accounting and business experience made him a great candidate to step into this important role on our management team,” Pemble said in a statement. “Doug brings an outstanding scope of knowledge and experience to the role, and is eager to help Garmin grow."

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