SANTA CLARA, Calif.,
April 6, 2020 /PRNewswire/
-- Coherent, Inc. (NASDAQ: COHR) and its Board of Directors
has named Andreas "Andy" W. Mattes, previously senior advisor at
McKinsey & Company and president and chief executive officer of
Diebold Nixdorf, as the company's
new President and Chief Executive Officer and a member of the Board
of Directors, effective immediately. Today's appointment follows
the announcement a year ago that John R.
Ambroseo, PhD will retire from his positions as President
and Chief Executive Officer and member of the Board no later than
April 2021. John Ambroseo will transition to become a
Special Advisor to the company until the end of next year, ensuring
a smooth and successful transition. On Andy
Mattes' recommendation, Coherent's Board of Directors has
also appointed Mark Sobey, PhD, a
13-year senior executive of the company, as Coherent's new
Executive Vice President and Chief Operating Officer, effective
immediately.
"Following an extensive and thorough search, we are delighted to
welcome Andy Mattes as Coherent's
new CEO, ushering in an exciting new chapter of the company's long
and storied history," said Garry
Rogerson, PhD, Coherent's Chairman of the Board. "Andy
is a proven leader and has significant experience running and
growing global technology businesses, including hardware, software
and services. His strategic experience and leadership skills
coupled with Mark Sobey's deep
industry knowledge, supported by our experienced senior staff,
provides us with the right executive leadership to drive this next
chapter for our business."
Garry Rogerson added, "We are
extremely grateful for John
Ambroseo's steadfast leadership and commitment to Coherent
throughout his three decades at the company. During his tenure as
CEO, Coherent became a technology innovator and market leader in
the laser industry, and we thank John for all he has done over the
past 18 years as CEO to bring us to where we are today. I am
looking forward to working closely with Andy Mattes in the years to come."
Andy Mattes, a US-German
national, is an experienced global technology business executive
with over 30 years of management experience. He most recently
served as a Senior Advisor at McKinsey & Company, where he
focused on advising international businesses on high-impact
transformations, agile change and positioning companies for growth.
Prior to this, Andy Mattes served as
President and CEO of publicly traded Diebold Nixdorf, a multinational financial and
retail technology company. Under his leadership, Diebold Nixdorf became the largest ATM provider
worldwide, through a re-shifting of the company's focus to services
and software along with the successful execution of one of the
largest US-German cross-border corporate mergers. Prior to this, he
spent more than five years in executive leadership positions at
Hewlett Packard, including leading worldwide sales and running the
Americas enterprise services business, and over 20 years at Siemens
AG. He has also served on numerous boards of private and public
technology companies over the past 20 years.
"I am honored to have the opportunity to lead this exceptional
company and am confident that we will reemerge stronger when
markets return back to normal," said Andy Mattes. "Together with Coherent's
management team, I will be focused first and foremost on ensuring
the safety and well-being of our employees and reinforcing the
company's strong balance sheet. Longer-term, I look forward to
working closely with the Board and management to build upon the
leading position Coherent has in the industry and to explore
additional opportunities for Coherent's leading-edge technology to
drive growth and innovation."
About Coherent
Founded in 1966, Coherent, Inc. is one of the world's leading
providers of lasers and laser-based technology for scientific,
commercial and industrial customers. Our common stock is listed on
the Nasdaq Global Select Market and is part of the Russell 1000 and
Standard & Poor's MidCap 400 Index. For more information about
Coherent, visit the company's website at www.coherent.com for
product and financial updates.
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SOURCE Coherent, Inc.