HILLSBORO, Ore., May 26 /PRNewswire-FirstCall/ -- FEI Company
(Nasdaq: FEIC) today announced several important organizational changes to
grow sales, improve efficiencies in operations, and strengthen nanotechnology
market focus and strategy. With key leadership additions and transitions, the
company will harness the growth of the global nanotechnology markets, driving
effective sales and marketing functions. In addition, the company intends to
fuel this growth with a drive towards increasing profitability through
effective operations management.
To further promote excellence in sales and service, the company announced
that Bob Gregg, currently Executive Vice President and Chief Financial
Officer, will become Executive Vice President of Worldwide Sales and Service.
Replacing him in his role as Chief Financial Officer will be Ray Link,
previously Chief Financial Officer of TriQuint Semiconductor, Inc. This
transition is effective July 1, 2005.
Mr. Link has been the CFO for TriQuint since 2001, having come to TriQuint
with the merger of Sawtek Inc. He was the CFO of Sawtek for six years, and
was also the CFO of Hubbard Construction for eight years. He has an MBA from
the Wharton School and is a CPA.
About his move to FEI, Mr. Link said, "FEI is a great company with
outstanding opportunities. I look forward to making a significant impact in
ensuring that the company has the finance infrastructure needed for continued
expansion." Regarding his new role, Mr. Gregg stated, "In my time at FEI, I
have consistently stressed revenue and margin growth as a major driver of
shareholder value. I am eager to lead the sales and service organization to
further FEI's commitment to serving customers' critical applications in
With a focus on quality and operations efficiencies, FEI has announced
that beginning immediately, Peter Frasso will replace Stephen Berger as FEI's
Executive Vice President and Chief Operating Officer. Previously, Mr. Frasso
was Senior Vice President of Global Operations for Brooks Automation, Inc. and
served as a divisional General Manager at that firm. Prior to Brooks, he was
Executive Vice President of LightPointe Communications, Inc., and before that
held several senior positions at Varian Associates, Inc. Mr. Berger will move
to a new role heading up FEI's efforts to develop and incubate new
technologies that offer high-growth potential.
Finally, in an effort to further strengthen its marketing organization,
FEI also announced that Matt Harris has taken a position as FEI's Vice
President of Marketing. Harris previously held senior positions at Planar
Systems, Inc., as Vice President of Marketing and Corporate Development and
prior to that as General Manager of the medical business unit. He also held
general management and marketing positions at First Point Communications and
Netscape Communications Corp.
Added Vahe Sarkissian, FEI CEO and Chairman, "I am convinced that with
this strengthening of the FEI leadership team, our company is much better
positioned for profitable growth in highly dynamic nanotechnology markets.
That our company can attract and add such industry talent is further testament
to the strength of both our organization and of our markets."
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 the 40
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: www.feicompany.com.
SOURCE FEI Company