"As part of our ongoing succession planning, it became apparent that Stan was the logical choice to succeed Hemant," explains Morten Opstad, chairman of IDEX. "He has an impressive executive level track record of commercializing and leveraging relevant technology into fast growing, competitive markets. In addition, he has been a key part of IDEX's executive management team for the last 18 months, which ensures continuity for our customers, partners, employees and shareholders."