Rakon Limited has announced that its Chief Financial Officer, Anand Rambhai, has resigned after nearly 12 years with the company to pursue other opportunities.

Rambhai will step down immediately but will continue to support the business until December 22, 2023, including assisting with the transition to a new CFO.

Rakon's CEO, Sinan Altug, expressed gratitude for Rambhai's contributions and wished him success in his future endeavors.

Rambhai stated that he plans to take an extended break and spend time with family.

Rakon is a global high technology company that specializes in frequency control and timing solutions for the telecommunications, positioning, and space and defense markets.

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