FEI Announces CEO Has Stepped Down

Apr 03, 2006, 01:00 ET from FEI Company

    HILLSBORO, Ore., April 3 /PRNewswire-FirstCall/ -- FEI Company
 (Nasdaq:   FEIC) announced today that Vahe A. Sarkissian has stepped down as the
 company's Chairman, President and Chief Executive Officer and will be leaving
 the company. Mr. Sarkissian has indicated that he will be resigning as a
 director of the company effective immediately prior to the 2006 Annual Meeting
 of Shareholders, to be held on May 11, 2006. The Board of Directors has formed
 an executive search committee to find a successor. Mr. Sarkissian plans to
 assist with the transition and search until his successor is named. Raymond A.
 Link, Chief Financial Officer of the company, has been appointed to act as
 interim Chief Executive Officer and will retain his Chief Financial Officer
 role while the company conducts a search for a successor CEO. Mr. Link joined
 the company in July 2005 from TriQuint Semiconductor, Inc., where he held the
 position of Chief Financial Officer and Vice President of Finance and
     The company does not expect to make any additional executive leadership
 changes at this time. The company has formed an internal management committee
 comprised of Peter J. Frasso, Executive Vice President and Chief Operating
 Officer; Robert H. J. Fastenau, Senior Vice President and General Manager of
 the NanoResearch and Industry and NanoBiology market divisions and senior
 company executive in Europe; and Robert S. Gregg, Executive Vice President,
 Worldwide Sales and Service.
     "Vahe has led FEI to significant growth since he arrived at the company in
 1998, and he has positioned the company as a leader in tools for growing
 nanotechnology markets," said Dr. William Lattin, lead director of FEI's Board
 of Directors.  "With the company on track to renew its growth, now is the
 appropriate time for this transition.  The board is looking forward to
 selecting a new leader to take advantage of the market and technology
 potential that we all see for FEI."
     "FEI is a great company," said Mr. Sarkissian, "and I take enormous pride
 in what the people of this company have accomplished. I offer my appreciation
 for the opportunity I have had to lead this organization."
     About FEI
     FEI's Tools for Nanotech(TM), featuring focused ion- and electron-beam
 technologies, deliver 3D characterization, analysis and modification
 capabilities with resolution down to the sub-Angstrom level.  With R&D centers
 in North America and Europe and sales and service operations in more than 50
 countries around the world, FEI is bringing the nanoscale within the grasp of
 leading researchers and manufacturers and helping to turn some of the biggest
 ideas of this century into reality.  More information can be found on the FEI
 website at: http://www.feicompany.com .
     Safe Harbor Statement
     This press release includes statements that are forward looking in nature.
 These forward-looking statements relate to, among other things, the timing of
 Mr. Sarkissian's resignation as a director and departure from the company, the
 benefits due under the employment agreement referenced herein, the roles of
 Messrs. Sarkissian, Link, Frasso, Fastenau and Gregg until a successor is
 found, the lack of other leadership changes, the search for a successor and
 potential of the company.  Such statements involve risks and uncertainties,
 which could cause actual results to vary materially from those expressed in or
 indicated by the forward-looking statements. These factors include changes in
 the plans and roles of Messrs. Sarkissian, Link, Frasso, Fastenau and Gregg,
 our ability to attract and retain a qualified successor in a timely fashion,
 the potential lack of growth of nanotechnology markets, cyclical changes in
 the data storage and semiconductor industries, increased competition, failure
 of the company's products and technology to find acceptance with customers,
 unfavorable business conditions, lack of growth in the general economy, both
 domestic and foreign, and other general business risks.  Please also refer to
 our Form 10-K, Forms 10-Q, Forms 8-K and other filings with the U.S.
 Securities and Exchange Commission for additional information on these factors
 and other factors that could cause actual results to differ materially from
 the forward-looking statements. FEI assumes no duty to update forward-looking