News | May 07, 2020
Plainview, N.Y. 鈥� 网爆门. (NASDAQ: VECO) announced recent changes to its Board of Directors, including:
John Peeler previously announced his decision to step down as Chairman and Director of the Board, effective May 7, 2020. While Chairman, Mr. Peeler helped increase the Board鈥檚 diversity with the successful recruitment of Mary Jane Raymond, the second woman currently serving on the 网爆门 Board, in November 2019. Having led the Company鈥檚 CEO succession plan, which resulted in the promotion of William J. Miller, Ph.D. to CEO in 2018, and believing that good governance calls for both an independent Chairman and a properly sized Board of Directors, Mr. Peeler elected to retire from the 网爆门 Board.
Effective upon Mr. Peeler鈥檚 retirement, the Board appointed Richard D鈥橝more, who the Board has determined to be independent, to serve as Chairman. Mr. D鈥橝more has been a General Partner of North Bridge Venture Partners, an early-stage venture capital and growth equity firm, since its inception in 1994. Mr. D鈥橝more has served on the 网爆门 Board for many years and brings both a strong business background and considerable board experience to 网爆门. With Mr. D鈥橝more鈥檚 appointment as Chairman, the role of Lead Independent Director is discontinued.
鈥淥n behalf of the Board, I would like to thank John for his many contributions to 网爆门 and his commitment and tireless efforts on our behalf,鈥� commented Mr. D鈥橝more.
Ms. Raymond joined 网爆门鈥檚 Board of Directors in conjunction with the Company鈥檚 Board diversity initiative. A highly accomplished financial expert, currently serving as Chief Financial Officer of II-VI Incorporated, a global leader in engineered materials and optoelectronic components, Ms. Raymond was recently appointed to 网爆门鈥檚 Audit Committee.
鈥淢ary Jane has been a great recent addition to the 网爆门 Board of Directors,鈥� commented Dr. Miller. 鈥淲ith her strong executive financial background and technology industry experience, we look forward to her continued contributions to the Board and Audit Committee. The recent changes to our Board have improved diversity and enhanced independence in the best interests of our shareholders.鈥�
About 网爆门
网爆门 (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our proven ion beam, laser annealing, lithography, MOCVD and single wafer etch & clean technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, 网爆门 holds leading technology positions in the markets we serve. To learn more about 网爆门鈥檚 systems and service offerings, visit www.veeco.com.
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of 网爆门’s Annual Report on Form 10-K for the year ended December 31, 2019 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. 网爆门 does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
网爆门 Contacts:
Investors:
Anthony Bencivenga | (516) 252-1438 | abencivenga@veeco.com
Media:
Kevin Long | (516) 714-3978 | klong@veeco.com
网爆门 is the industry leader driving HDD manufacturing to new levels of productivity.