IPG Photonics Announces Changes to the Board of Directors
January 23 2023 - 8:00AM
IPG Photonics Corporation (Nasdaq: IPGP) today announced the
election of Greg Beecher to its Board of Directors.
“I am pleased to welcome Mr. Beecher to the
Board,” said John Peeler, non-executive Chair of the Board. “He has
more than 35 years of broad technology industry experience coupled
with deep expertise in accounting and finance. Greg also is an
experienced board member having served on the boards of several
manufacturers of high tech products. I am looking forward to
working with Greg and believe he will be a great contributor to
IPG’s strategy given his transformation, diversification and
acquisition experience at Teradyne.”
Mr. Beecher is the former Vice President,
Treasurer, Chief Financial Officer and Chief Accounting Officer of
Teradyne. After joining the company as Chief Financial Officer in
2001, he led the acquisition of multiple companies and delivered
plans that would allow Teradyne to participate in broader end
markets such as industrial automation, material handling and
autonomous driving. Prior to joining Teradyne, Mr. Beecher started
his career at PwC and rose to the role of Senior Partner in
Technology Practice. He received a Bachelor of Science from
University of Hartford and a Master of Science in Accounting from
Northeastern University.
The Company also announced today that Thomas J.
Seifert notified the Company that he will resign as a director of
the Company, effective immediately following the Company’s filing
of its annual report on Form 10-K and will not stand for election
at the 2023 annual meeting of stockholders. Mr. Seifert joined the
IPG board in 2014. His decision is not related to any disagreement
with the Company on any matter relating to its operations,
policies, practices, management or the Board of Directors. John
Peeler stated, “On behalf of the Board, I would like to thank
Thomas Seifert for his contributions to IPG since he joined the
Board in 2014.”
ContactEugene FedotoffDirector
of Investor RelationsIPG Photonics
Corporation508-597-4713efedotoff@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. IPG
is headquartered in Oxford, Massachusetts and has more than 30
facilities worldwide. For more information, visit
www.ipgphotonics.com.
Source: IPG Photonics Corporation
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