II-VI Incorporated Announces Board Chair Succession
August 16 2021 - 6:15AM
II‐VI Incorporated (Nasdaq: IIVI) (“II-VI” or the “Company”), a
leader in engineered materials and optoelectronic components, today
announced that Francis J. Kramer, II-VI’s current Board chair and
former CEO, will transition to Chair Emeritus while continuing as a
director, effective immediately following the annual meeting of
II-VI shareholders in November, 2021, and that Dr. Vincent D.
Mattera, Jr., II-VI’s current Chief Executive Officer and a
director, will become Chair of II-VI’s board of directors at that
time.
“II-VI has a legacy of stable and consistent
leadership, and I am pleased that the Board has selected Chuck to
succeed me as Chair,” Kramer said. “Chuck has an extensive history
and knowledge of the Company and its changing markets, and he is
the right person to lead the Company through these significant
evolutions, especially during the upcoming integration with
Coherent, Inc.”
Mr. Kramer served as II-VI’s President from 1985
to 2007, as President and CEO from 2007 to 2014, and as CEO and
Board Chair from 2014 to 2016, and he continued as Board Chair when
Dr. Mattera became CEO in 2016. Dr. Mattera becomes the third Chair
in the 50-year history of II-VI, having been a member of the II-VI
Board from 2000 to 2002, and then joining II-VI as Vice President
in 2004 and serving in various management roles, ultimately
becoming Chief Executive Officer in 2016.
“I’m honored that the Board has asked me to lead
the Company during these exciting times and through these next
stages in the Company’s growth,” Dr. Mattera said. “I also
especially appreciate the years of service Fran has provided and
the strong foundation that he set into place.”
Rear Admiral Marc Y.E. Pelaez (retired) will
continue to serve as Lead Independent Director on the II-VI Board,
a position he has held since 2014.
About II-VI Incorporated
II-VI Incorporated, a global leader in
engineered materials and optoelectronic components, is a vertically
integrated manufacturing company that develops innovative products
for diversified applications in communications, materials
processing, aerospace & defense, semiconductor capital
equipment, life sciences, consumer electronics, and automotive
markets. Headquartered in Saxonburg, Pennsylvania, U.S.A., the
Company has research and development, manufacturing, sales,
service, and distribution facilities worldwide. The Company
produces a wide variety of application-specific photonic and
electronic materials and components, and deploys them in various
forms, including integrated with advanced software to support our
customers. For more information, please visit us at
www.ii-vi.com.
Contact:Mary Jane RaymondChief
Financial Officerinvestor.relations@ii-vi.com
www.ii-vi.com/contact-us
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