National Instruments Corporation announced today that Daniel Berenbaum has been appointed executive vice president, chief financial officer and treasurer, effective January 9, 2023. Berenbaum will succeed Karen Rapp in her role as CFO, who announced her retirement last quarter. Rapp will continue in a strategic advisory role to ensure an orderly transition.

Berenbaum is currently the vice president, Finance and Global Operations Controller for Micron where he is responsible for all financial aspects of the company's manufacturing, global supply chain, and IT. He has a proven track record of delivering operational efficiency and profitable growth. As CFO, Berenbaum will lead NI's global finance organization and will be responsible for accounting, treasury, financial planning and analysis, tax, and investor relations.

Berenbaum holds a Bachelor of Science degree from the United States Naval Academy and has served in a variety of financial, engineering, and leadership roles in the technology sector for more than 25 years. Daniel will relocate from Singapore to Austin. As previously communicated, we formed a new Global Operations organization to oversee manufacturing, IT, and customer operations.

Scott Rust, NI EVP, will lead this new organization. Scott is a proven, results-oriented leader, and will focus on increasing operational efficiency and driving improvements in structural costs for the global operational core of the business.