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The Board of Directors of Axcelis Technologies, Inc. named James Coogan to succeed Kevin Brewer as Executive Vice President and Chief Financial Officer. Mr. Coogan will join the Company in October 2023. At that time, Mr. Brewer will assume the title of Executive Vice President, Finance and Operations. He will continue to manage the Company’s manufacturing operations and will support the transition of the Company’s finance function to Mr. Coogan. Mr. Brewer plans to retire at year-end 2023 and will remain as a Senior Advisor through 2024.
Mr. Coogan brings more than 20 years of finance, accounting, and investor relations experience across multiple industries, most recently in aerospace and defense. Mr. Coogan joins Axcelis after serving as Senior Vice President, Chief Financial Officer at Kaman Corporation, a leading provider of aerospace and defense products. During his 15 years with Kaman, he held various management positions including Vice President, Investor Relations and Corporate Development, Assistant Vice President, External Reporting and SEC Compliance, and Director, External Reporting and SEC Compliance.
After starting his career at PwC, he held several financial management roles at Ann Taylor Stores Corporation and Mohegan Tribal Gaming Authority before joining Kaman. He holds a Master of Business Administration from Yale School of Management, a Master of Science in Accounting from the University of Connecticut and a Bachelor of Science in Business Administration, Accounting from the University of Connecticut.
Mr. Brewer has had a 24 year career at Axcelis. He came to Axcelis through Eaton Corporation and held numerous executive level positions in the Company including CFO and EVP of Global Operations for the past 10 plus years. Prior to joining Eaton, Mr. Brewer held numerous senior level positions at Raytheon Companies Aircraft, Electronic Systems and Missile systems Divisions.
“We are immensely grateful for the contributions and legacy Kevin has left on this Company. His knowledge and experience during a unique time in Axcelis’ history enabled us to strengthen the Company and position it for a very bright future,” said Executive Chairperson Mary Puma. “Through his leadership, the Company has increased operational efficiencies, strengthened the supply chain, improved financial performance and increased the Company’s pace of profitable growth.”
President and CEO Russell Low stated, “I also want to express my gratitude to Kevin for his contributions and leadership. After an extensive search, we are delighted to announce that Jamie will be joining Axcelis as our new CFO. He is a seasoned executive with a proven track record and his wealth of knowledge and experience will be of great benefit as we continue to focus on the tremendous growth opportunities ahead for Axcelis. We are confident that Jamie will help the team continue to deliver the growth and profitability that investors have come to expect from Axcelis.”
Kevin Brewer commented, “I have been planning this transition in coordination with the Board and believe now is the right time to transition the Finance function. I will continue to oversee Manufacturing Operations through year end, at which time I will move into the Senior Advisor role, supporting both functions as needed through 2024. I am grateful for the honor and privilege to serve as CFO during this pivotal time in the Company’s history. I want to thank the entire Axcelis team for their hard work and unwavering commitment to lead us here. I also want to thank our customers, suppliers and shareholders who have supported Axcelis over the years.”
James Coogan stated, “I am thrilled to join Axcelis during such an exciting time and I look forward to partnering with the leadership team and the Board to build on the Company’s success and drive further growth and long-term shareholder returns.”
Original – Axcelis Technologies
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Vishay Intertechnology, Inc. announced that it has been honored by DENSO Corporation, a leading mobility supplier, with a 2022 Collaboration Award.
The 2022 Collaboration Awards recognize suppliers that have continued to provide DENSO with key components that keep production lines moving for the company and its customers, despite the tight supply market. Previously this year, Vishay was also recognized by DENSO with a 2022 North America Business Partner of the Year Award in the Quality Leader category.
“Vishay has demonstrated a strong commitment to supporting DENSO on both a working and management level,” said Kouji Arima, CEO of DENSO. “We sincerely appreciate the company’s unsparing efforts and contributions, and know we can count on them regardless of the market situation. We look forward to building an even stronger partnership with Vishay as we continue working together.”
“We are deeply honored to receive this acknowledgment from DENSO of our unwavering support during challenging market conditions,” said Joel Smejkal, President and CEO at Vishay. “This recognition underscores our commitment to operational excellence and the strength of our partnership with the company. We look forward to building on this level of collaboration to grow together in the coming years.”
Original – Vishay Intertechnology
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LATEST NEWS2 Min Read
Texas Instruments announced its new 300-mm semiconductor wafer fabrication plant in Richardson, Texas, RFAB2, achieved LEED (Leadership in Energy and Environmental Design) Gold certification under version 4 (v4). This designation makes RFAB2 the first wafer fab in the United States and the fourth in the world to achieve this more stringent certification from the U.S. Green Building Council (USGBC) for the sustainable design, construction and operation of high-performance green buildings.
“One of TI’s ambitions is to be a company that our employees are personally proud to be a part of and would want as our neighbor,” said Brian Dunlap, vice president, 300-mm Wafer Fab Manufacturing Operations at Texas Instruments. “We are proud that RFAB2 has achieved LEED Gold v4 certification, underscoring TI’s long-standing commitment to operate in a socially thoughtful and environmentally responsible manner.”
RFAB2, which is TI’s fourth LEED-certified manufacturing plant, was designed to reduce water and electricity usage. In fact, the new fab’s design, construction and operation are expected to achieve significant efficiencies, including saving 750 million gallons of potable water and almost 80,000 megawatt-hours of energy annually. The factory was also constructed using responsibly sourced materials and was designed and built in a way that fosters a healthy work environment.
“What makes this LEED Gold designation impressive is that Texas Instruments achieved this high standard developed for office buildings in a semiconductor manufacturing plant,” said Jill Kurtz, director of Building Sciences at Page, who consulted TI in the certification process. “By prioritizing sustainability and transparency, TI is delivering real impact in water and energy savings, leading the way in their industry and helping USGBC continue toward its goal of green buildings for everyone within this generation.”
The LEED Gold v4 certification solidifies TI’s dedication to responsible, sustainable manufacturing, including multi-year goals and programs focused on conserving natural resources, reducing energy consumption and mitigating environmental impact. To learn more about TI’s commitment to sustainability, download the company’s latest Corporate Citizenship Report.
Original – Texas Instruments