Veeco Announces Changes to Executive Leadership Team
September 04 2018 - 4:05PM
Veeco Instruments Inc. (NASDAQ: VECO) today announced that John
Peeler, Chairman and Chief Executive Officer, will transition to
the role of Executive Chairman, effective October 1, 2018.
William J. Miller, currently President, will become Chief Executive
Officer and will join the Company’s board of directors bringing the
size of the board to eight. Additionally, Shubham (Sam)
Maheshwari will be named Chief Operating Officer and will continue
in his role as Chief Financial Officer.
Peeler joined Veeco in 2007 as Chief Executive Officer and
became Chairman of the Board in 2012. As Executive Chairman,
Peeler will work closely with Miller and the Board to ensure an
effective transition of management.
“With his impressive background and track record of notable
achievements across strategic, product development and operational
assignments, there is no one better suited than Bill to take over
the helm as Veeco looks forward to its next chapter,” stated
Peeler. “Bill and the executive team have the industry experience
to execute Veeco’s vision while remaining committed to enabling
tomorrow’s technology breakthroughs.”
Over the last 16 years, Miller has held a variety of roles
within Veeco. Miller became President in 2016, overseeing all
of Veeco’s global business units. Previously, he guided the
strategic direction and product development for the Company’s MOCVD
and Ion Beam product lines and was responsible for the Company’s
global operations organization. Prior to joining Veeco, Miller held
engineering and operations leadership roles with Advanced Energy
and Exxon Corporation. He holds BS, MS and PhD degrees in
mechanical engineering from the University of Pennsylvania.
“Veeco has built a reputation of helping customers overcome
their most difficult technical challenges. This inspires us—along
with our commitment to customer satisfaction,” noted Miller. “I
want to thank John for his guidance and building such a strong
leadership team. I intend to build on this legacy while discovering
new opportunities to leverage the Company’s outstanding technology
and unmatched talent. I also appreciate the confidence the
Board has placed in me.”
Richard D’Amore, Veeco’s lead independent director, added, “When
John joined the Company in 2007, Veeco was considered a data
storage and metrology company. John’s vision and focus on
execution transformed Veeco to be on the leading edge of the
compound semiconductor and advanced packaging markets. The
Board appreciates all that John has contributed to the success of
the Company and we have every confidence that Bill will build upon
his progress, taking Veeco to the next level of performance.”
Maheshwari joined Veeco in 2014 with more than 20 years of
experience in finance. He previously held senior and executive
level positions in the semiconductor industry at KLA-Tencor,
Spansion and OnCore. Maheshwari holds BS and MS degrees in chemical
engineering and an MBA from the Wharton School of Business.
Working side-by-side with Miller, Maheshwari will be charged with
advancing Veeco’s operations, customer satisfaction and
profitability.
About Veeco Veeco (NASDAQ: VECO) is a leading
manufacturer of innovative semiconductor process equipment. Our
proven MOCVD, lithography, laser annealing, ion beam and single
wafer etch & clean technologies play an integral role in
producing LEDs for solid-state lighting and displays, and in the
fabrication of advanced semiconductor devices. With equipment
designed to maximize performance, yield and cost of ownership,
Veeco holds technology leadership positions in all these served
markets. To learn more about Veeco's innovative equipment and
services, visit www.veeco.com.
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Media
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Investor Relations
Contact: |
David Pinto |
Anthony Bencivenga |
408-325-6157 |
516-677-0200 x1308 |
dpinto@veeco.com
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investorrelations@veeco.com |
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