SPTS Technologies Appoints Henry R. Nothhaft as Non-executive Chairman of the Board Industry veteran to strengthen company expansion and growth
NEWPORT, Wales, November 1, 2011 /PRNewswire/ --
SPTS Technologies, a supplier of advanced wafer processing solutions for the global semiconductor industry and related markets, today announced the appointment of Henry R. "Hank" Nothhaft as non-executive chairman of the board. In the role, Nothhaft will provide leadership to the Board of Directors, and assist senior management with business and corporate development strategies, plus provide end-market insights. This appointment is effective November 1, 2011.
Nothhaft is widely recognized as an entrepreneur and industry trailblazer in high technology markets having grown several successful companies as CEO and chairman, including Danger, Inc. (later acquired by Microsoft) and Concentric Network Corporation. From 2004 to 2011, Nothhaft served as a board member and from 2008 as chairman, president and CEO of Tessera Technologies, Inc., a developer of semiconductor packaging technology. Nothhaft has served on a number of board of directors including DSC Communications, VMX Systems, Concentric Network Corporation, Ocular Networks, Vertical Networks and David Systems, and has recently been appointed to the board of directors of Openwave Systems, Inc. He also served on the telecommunications advisory board of Compaq Computer Corporation.
"We are very pleased that Hank is joining us as non-executive chairman," said Dr. William Johnson, president and CEO of SPTS. "Our company is on an exciting growth path following the June 2011 management acquisition, and Hank's record of growing technology companies demonstrates a unique ability to see beyond current market needs." Bridgepoint partner and SPTS board member Kevin Reynolds echoed these sentiments, "We believe Hank's extensive business acumen in taking different businesses to market and making them successful further strengthens an already impressive SPTS executive team."
The newly-appointed chairman Nothhaft said: "I am delighted to be joining the SPTS Technologies board and am excited by the opportunity to contribute to their expansion. I've observed their amazing growth over the past 2 years, and am looking forward to working with a motivated and talented management team."
An advocate for government policies that nurture innovation, small businesses and start-ups, Nothhaft has authored articles and opinion editorials, including a book titled "Great Again: Revitalizing America's Entrepreneurial Leadership," a call to revive America's entrepreneurial spirit. Nothhaft has an M.B.A. from the George Washington University in Information Systems Technology and a B.S. with distinction from the U.S. Naval Academy. He is a former officer in the U.S. Marine Corps and a Vietnam Veteran.
About SPTS Technologies
SPTS Technologies designs, manufactures, sells, and supports etch, PVD, CVD and thermal capital equipment and process technologies for the global semiconductor industry and related markets. These markets include MEMS, advanced packaging, LEDs, high speed RF on GaAs and power management. Formerly known as SPP Process Technology Systems, the company was acquired by its management in June 2011, backed by European private equity firm Bridgepoint. Prior to the acquisition, SPTS was a wholly-owned subsidiary of Sumitomo Precisions Products Co. Ltd., formed from the merger of Surface Technology Systems (STS) and acquired assets of Aviza Technology in 2009. For more information about SPTS Technologies, please visit http://www.spts.com
SOURCE SPTS Technologies Ltd