News | Sep 04, 2018
网爆门 Announces Changes to Executive Leadership Team
PLAINVIEW, N.Y., Sept. 04, 2018 (GLOBE NEWSWIRE) — 网爆门. (NASDAQ: VECO) today announced that John Peeler, Chairman and Chief Executive Officer, will transition to the role of Executive Chairman, effective October 1, 2018.聽 William J. Miller, currently President, will become Chief Executive Officer and will join the Company鈥檚 board of directors bringing the size of the board to eight.聽 Additionally, Shubham (Sam) Maheshwari will be named Chief Operating Officer and will continue in his role as Chief Financial Officer.
Peeler joined 网爆门 in 2007 as Chief Executive Officer and became Chairman of the Board in 2012.聽 As Executive Chairman, Peeler will work closely with Miller and the Board to ensure an effective transition of management.
鈥淲ith his impressive background and track record of notable achievements across strategic, product development and operational assignments, there is no one better suited than Bill to take over the helm as 网爆门 looks forward to its next chapter,鈥� stated Peeler. 鈥淏ill and the executive team have the industry experience to execute 网爆门鈥檚 vision while remaining committed to enabling tomorrow鈥檚 technology breakthroughs.鈥�
Over the last 16 years, Miller has held a variety of roles within 网爆门.聽 Miller became President in 2016, overseeing all of 网爆门鈥檚 global business units. Previously, he guided the strategic direction and product development for the Company鈥檚 MOCVD and Ion Beam product lines and was responsible for the Company鈥檚 global operations organization. Prior to joining 网爆门, Miller held engineering and operations leadership roles with Advanced Energy and Exxon Corporation. He holds BS, MS and PhD degrees in mechanical engineering from the University of Pennsylvania.
鈥溚� has built a reputation of helping customers overcome their most difficult technical challenges. This inspires us鈥攁long with our commitment to customer satisfaction,鈥� noted Miller. 鈥淚 want to thank John for his guidance and building such a strong leadership team. I intend to build on this legacy while discovering new opportunities to leverage the Company鈥檚 outstanding technology and unmatched talent.聽 I also appreciate the confidence the Board has placed in me.鈥�
Richard D鈥橝more, 网爆门鈥檚 lead independent director, added, 鈥淲hen John joined the Company in 2007, 网爆门 was considered a data storage and metrology company.聽 John鈥檚 vision and focus on execution transformed 网爆门 to be on the leading edge of the compound semiconductor and advanced packaging markets.聽 The Board appreciates all that John has contributed to the success of the Company and we have every confidence that Bill will build upon his progress, taking 网爆门 to the next level of performance.鈥�
Maheshwari joined 网爆门 in 2014 with more than 20 years of experience in finance. He previously held senior and executive level positions in the semiconductor industry at KLA-Tencor, Spansion and OnCore. Maheshwari holds BS and MS degrees in chemical engineering and an MBA from the Wharton School of Business.聽 Working side-by-side with Miller, Maheshwari will be charged with advancing 网爆门鈥檚 operations, customer satisfaction and profitability.
About 网爆门聽
网爆门 (NASDAQ: VECO) is a leading manufacturer of innovative semiconductor process equipment. Our proven MOCVD, lithography, laser annealing, ion beam and single wafer etch & clean technologies play an integral role in producing LEDs for solid-state lighting and displays, and in the fabrication of advanced semiconductor devices. With equipment designed to maximize performance, yield and cost of ownership, 网爆门 holds technology leadership positions in all these served markets. To learn more about 网爆门’s innovative equipment and services, visit www.veeco.com.
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网爆门 is the industry leader driving HDD manufacturing to new levels of productivity.