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Short Take: Trimble's founder steps down

Trimble Navigation Limited, a maker of satellite-based navigation, positioning, and communications data products, announced that the company's founder Charles Trimble was stepping down effective immediately as president and CEO, and that Dr. Bradford Parkinson has assumed the position of acting president and CEO while the company searches for a permanent replacement. Parkinson is currently a professor at Stanford University's aeronautics and astronautics department.

Trimble Navigation Limited, a maker of satellite-based navigation, positioning, and communications data products, announced that the company's founder Charles Trimble was stepping down effective immediately as president and CEO, and that Dr. Bradford Parkinson has assumed the position of acting president and CEO while the company searches for a permanent replacement. Parkinson is currently a professor at Stanford University's aeronautics and astronautics department.