Russell J. Low,
Ph.D. to Become President and CEO and Mary
G. Puma to Become Executive Chairperson Effective
May 11, 2023
BEVERLY,
Mass., March 27, 2023 /PRNewswire/ -- The Board
of Directors of Axcelis Technologies, Inc. (Nasdaq: ACLS), a
leading supplier of enabling ion implantation solutions for the
semiconductor industry, today named Russell
J. Low, Ph.D. to succeed Mary G.
Puma as President and Chief Executive Officer effective
May 11, 2023, the date of the
Company's 2023 Annual Meeting of Stockholders. Dr. Low is expected
to join the Board of Directors on the same date. Ms. Puma will
serve as Executive Chairperson of the Board until the 2024 Annual
Meeting and remain as a Senior Advisor for a period beyond that.
Jorge Titinger, an independent
member of the Axcelis Board, will serve as Lead Director during Ms.
Puma's tenure as Executive Chairperson.
Russell J.
Low, Ph.D. to Become Axcelis President and CEO Effective
May 11, 2023
Dr. Low is currently the Company's Executive Vice President,
Global Customer Operations and Engineering. During his seven years
with Axcelis, Dr. Low has been instrumental in developing and
launching Axcelis' expanding Purion ion implant product line,
including its very successful Purion Power Series. Prior to this,
Dr. Low held various management positions in the semiconductor
equipment industry with Veeco, Applied Materials and Varian
Semiconductor. He received his Ph.D. in Physical Chemistry from
Oxford University, an Executive MBA
from the Massachusetts Institute of
Technology, and a BS degree from Southampton
University.
Ms. Puma has had a 25 year career at Axcelis, with 22 years as
CEO. She came to Axcelis through Eaton Corporation, and after
assisting with the Company's initial public offering in 2000,
became President and Chief Operating Officer. She also served as
Axcelis' Chairperson from 2005 through 2015. Prior to joining
Eaton, Ms. Puma spent 15 years in various marketing and
general management positions for General Electric Company.
Ms. Puma is also a director of Nordson Corporation and serves
as a director and Chairperson of SEMI, a global industry
association serving the manufacturing supply chain for the micro–
and nano–electronics industries.
"Mary has worked diligently and effectively with her team to
strengthen the company and position it for future growth," said
Axcelis Chairperson Richard Faubert.
"Through her leadership, the Company has delivered a portfolio of
innovative, market leading ion implant products and improved
financial performance."
Faubert continued, "As Russell takes over as CEO, he does so
with a deep understanding of the technical and commercial aspects
of Axcelis with a proven track record as a company leader. The
Axcelis Board is confident that he will continue to deliver the
growth and profitability that investors have come to expect."
Ms. Puma commented, "I have been planning this transition in
coordination with the Board and believe now is the right time to
move into the Executive Chairperson role. It has truly been an
honor to lead this amazing company. I am most grateful for the
dedication of our team members globally. I also want to thank our
customers who, like our employees, have supported Axcelis over the
years. Axcelis is well positioned for the future and Russell is the
right leader to take the Company to the next level of success."
Dr. Low stated, "Axcelis' success has come from our world class
team of employees focusing on innovation, operational execution and
customer satisfaction. I am proud that I will be leading this
talented and dedicated workforce to build on the strategy that Mary
and our leadership team have set, which has allowed Axcelis to
achieve market leadership in key growth markets. I believe my
strong technical background will further enhance Axcelis'
technology leadership and allow us to continue to deliver increased
value to our customers and shareholders."
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative,
high-productivity solutions for the semiconductor industry for 45
years. Axcelis is dedicated to developing enabling process
applications through the design, manufacture and complete life
cycle support of ion implantation systems, one of the most critical
and enabling steps in the IC manufacturing process. Learn more
about Axcelis at www.axcelis.com.
CONTACTS:
Maureen Hart (editorial/media)
978.787.4266
Doug Lawson (investor relations)
978.787.9552
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SOURCE Axcelis Technologies, Inc.