IPG Photonics Announces Addition of New Directors to the Board
March 28 2022 - 4:05PM
IPG Photonics Corporation (NASDAQ: IPGP) today announced that the
Company has appointed Agnes K. Tang and Felix Stukalin to its Board
of Directors, increasing the Board size to 10 directors.
“I would like to welcome Agnes and Felix to the
Board,” said John Peeler, non-executive Chair of the Board. “Ms.
Tang has more than twenty years of investment banking experience
working across a range of industry sectors and different size
companies, providing her with a broad perspective in how companies
manage to maximize business potential. At the same time, Mr.
Stukalin brings a valuable perspective to the Board with his
business development experience, technical knowledge and deep
understanding of the Company’s business.”
Ms. Tang is a Founding Partner at Ducera
Partners LLC, which offers strategic advisory, mergers and
acquisitions, capital advisory, liability, management and
restructuring advisory services. Prior to joining Ducera in 2015,
Ms. Tang was a Managing Director in the New York Office of Perella
Weinberg Partners from 2008 to 2015. Prior to joining Perella
Weinberg, Ms. Tang was an investment banking professional at
Houlihan Lokey and a strategy consultant at The Oliver Wyman Group,
a business division of Marsh & McLennan Companies. Ms. Tang
received a Bachelor of Arts in Economics from Northwestern
University and a Master of Business Administration from the Harvard
Business School. She brings to the Board a combination of strategy,
operational and financial acumen and a commitment to partnership
and collaboration.
Mr. Stukalin has served as IPG’s Senior Vice
President, Chief Operating Officer since February 2022. From
February 2013 until February 2022, he served as IPG’s Senior Vice
President, North America Operations. From March 2009 until February
2013, he served as the Company’s Vice President, Devices. Prior to
joining IPG, he was Vice President, Business Development of GSI
Group Inc. from April 2002 to September 2008, and from March 2000
to April 2002 he was Vice President of Components and President of
the Wave Precision divisions of GSI Lumonics. Mr. Stukalin holds a
B.S. in Mechanical Engineering from the University of Rochester and
he is a graduate of the Harvard Business School General Management
Program. The leadership and operational expertise of Mr. Stukalin
have contributed to introduction of new products and strategy,
reduced manufacturing costs, and improved margins.
Contact
Eugene FedotoffDirector of Investor Relations IPG Photonics
Corporation 508-597-4713efedotoff@ipgphotonics.com
About IPG Photonics
Corporation
IPG Photonics Corporation is the leader in
high-power fiber lasers and amplifiers used primarily in materials
processing and other diverse applications. The Company’s mission is
to make its fiber laser technology the tool of choice in mass
production. IPG accomplishes this mission by delivering superior
performance, reliability and usability at a lower total cost of
ownership compared with other types of lasers and non-laser tools,
allowing end users to increase productivity and decrease costs. A
member of the S&P 500® Index, IPG is headquartered in Oxford,
Massachusetts and has more than 30 facilities worldwide. For more
information, visit www.ipgphotonics.com.
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