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Cognex appoints two to board, committees

Cognex Corp. of Natick said a marine industry executive and an investment banker have joined the company’s board of directors.

The new members, Theodor Krantz and Edward J. Smith, have also been appointed to the board’s audit committee, of which Krantz will be the chairman.

Smith has been appointed chairman of the board’s nominating and governance committee.

Krantz is the president of Airmar Technology Inc., a Milford, N.H.-based ultrasonic sensor maker for the marine and industrial markets.

Smith is president of New Jersey-based Barnegat Bay Capital, a consulting and investment banking firm.

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Cognex designs, develops and manufactures machine vision sensors and systems. The sensors are used in factories to automate manufacturing processes.

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