Photronics Welcomes Mary Paladino to Board of Directors
September 26 2019 - 3:30PM
Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask
technologies and solutions, announced that Mary Paladino will join
its Board of Directors as an independent director, effective
October 1, 2019.
“I’m pleased to announce that Mary will be
joining our board of directors as her experience, expertise, and
leadership qualities will complement and strengthen our board,”
said Constantine (“Deno”) Macricostas, chairman of the board. “This
is the first step in a measured succession plan for our board, and
Mary enters as a respected and qualified addition to our
organization. Her business experience and financial expertise will
be valuable assets to us as we continue to grow our business as the
merchant photomask leader.”
Mary is a Certified Public Accountant with over
three decades of accounting and auditing experience, and currently
holds the position of Partner for one of the top public accounting
firms located throughout the Northeast. Mary is the Audit and
Attest Services Practice Leader for the firm's White Plains, NY
location. Prior to joining her current firm in 2008, she held
various leadership roles in the auditing groups of Deloitte &
Touche, LLP and BDO Seidman, LLP. Mary graduated magna cum laude
with a BS in accounting from the State University of New York and
is a member of the American Institute of Certified Public
Accountants.
“I am excited for this opportunity to join the
Photronics board,” said Mary Paladino. “Photronics is a market and
technology leader in a global industry, and I look forward to
joining a winning team.”
Photronics also announced the adoption of a new
retirement policy that stipulates each independent, non-employee
director cannot be nominated for a term that begins after his or
her 75th birthday. Consistent with this policy, Joseph Fiorita will
retire from the board of directors at the end of his current term
and will not stand for reelection in the 2020 annual meeting.
He has been a director since 1987. “I wish to thank Joe for his
many years of service and counsel; he has been an invaluable asset
to the organization. His devotion and stewardship to Photronics has
been instrumental to our success and obtaining the leadership
position we hold today,” said Macricostas.
About Photronics
Photronics is a leading worldwide manufacturer
of integrated circuit (IC) and flat panel display (FPD) photomasks.
High precision quartz plates that contain microscopic images of
electronic circuits, photomasks are a key element in the IC and FPD
manufacturing process. Founded in 1969, Photronics has been a
trusted photomask supplier for 50 years. As of October 31, 2018,
the company had 1,575 employees across 11 strategically located
manufacturing facilities in Asia, Europe, and North America.
Additional information on the Company can be accessed at
www.photronics.com.
16-19
For Further Information:R. Troy
Dewar, CFAVice President, Investor Relations(203)
740-5610tdewar@photronics.com
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