OSI Systems, Inc. has announced the appointment of Ajay Mehra as the new President and CEO, effective January 1, 2025, succeeding Deepak Chopra, who will transition to Executive Chairman of the Board. Ajay Mehra has been with the company since 1989 and has most recently led the company’s security division, which has grown to more than $1 billion in annual revenues.
Under Mr. Mehra’s leadership, OSI’s security division has become a pioneer in meeting the evolving global security inspection needs by providing innovative offerings with leading technology, comprehensive services, and tailored customer solutions. The division's RAPISCAN® brand has become a top choice for the world’s leading security and defense agencies, as well as high-profile sporting events and private facilities.
Mr. Chopra praised Ajay Mehra's extensive knowledge of the business and industry expertise, emphasizing his leadership in the security division's significant growth, adoption of new business models, timely and targeted investment in emerging technologies, geographic expansion, acquisitions, and management through multiple business cycles.
Dr. William F. Ballhaus, Jr., OSI’s lead independent director, expressed confidence in Ajay Mehra's ability to lead the company into the future, citing his focus, dedication, and growth as a senior executive, and his deep understanding of the company's operations, culture, and strategic vision for serving customer needs throughout the world.
OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries. The company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. Today the company's shares have moved 0.0% to a price of $180.1. For the full picture, make sure to review OSI Systems's 8-K report.
