ATMI Names Doug Neugold Chief Executive Officer
16 November 2004 - 11:00PM
PR Newswire (US)
ATMI Names Doug Neugold Chief Executive Officer DANBURY, Conn.,
Nov. 16 /PRNewswire-FirstCall/ -- ATMI, Inc. (NASDAQ: ATMI), a
supplier of materials and materials packaging to the world's
leading semiconductor manufacturers, today announced the
appointment of Doug Neugold, President and Chief Operating Officer
of ATMI, as President and Chief Executive Officer, effective
January 1, 2005. Gene Banucci, ATMI Chairman and Chief Executive
Officer, said, "Doug Neugold is an outstanding executive who has
performed well in a variety of roles since joining the Company in
1998. Most recently he has led the charge in executing our new
business model, and I am confident he is fully prepared to lead
ATMI through the next stage of its growth." Neugold said, "I am
gratified by the Board's vote of confidence, and thrilled to be
stepping into this job at an important stage in ATMI's history. Our
products are well placed, customer relationships are very strong,
and we have a great management team and exceptional employees. With
the changes that have taken place over the last two years, we're
positioned for great things. I look forward to working with Gene,
the rest of the Board, and all of our employees to ensure that ATMI
keeps growing." Banucci added, "Since helping found the Company in
1986, I've worked to assure the future of ATMI by training and
developing our next generation of executives. Doug Neugold is one
of a number of individuals at ATMI who have demonstrated
exceptional leadership skills." "The serious semiconductor downturn
of 2001-2 required ATMI to adapt to a new strategic reality and a
business transformation process was engaged that is now pretty much
complete. It includes the sale of our Technologies businesses and
the creation of a new business model for ATMI that focuses on
materials and materials packaging for advanced semiconductor
processes. I view this endpoint as an excellent opportunity for me
to focus on the Chairman's role, and to separate it from the CEO
position. As Chairman, I will be appropriately engaged with respect
to strategy, corporate governance, and interfacing with
shareholders." Doug Neugold, 46, is a graduate of Clarkson
University. Prior to joining ATMI, he spent 14 years with
Johnson-Matthey Corporation where he served in a variety of
managerial roles in their electronics materials business, most
recently as President of Johnson-Matthey's Semiconductor Packages
Group. Since joining ATMI, Doug has served as Vice-President of the
SDS product line, Vice- President and General Manager of ATMI's
Materials business, and was named President of the Company in 2000.
In 2003, Doug was named Chief Operating Officer and elected to the
Board of Directors of ATMI. ATMI provides specialty materials and
materials packaging to the worldwide semiconductor industry. For
more information, please visit http://atmi.com/. Statements
contained herein that relate to ATMI's future performance,
including, without limitation, statements with respect to ATMI's
anticipated results of operations or level of business for 2004,
2005, or any other future period, are forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements are based on current
expectations only and are subject to certain risks, uncertainties,
and assumptions, including, but not limited to: changes in
semiconductor industry growth or ATMI's markets; competition,
problems, or delays developing and commercializing new products;
problems or delays in integrating acquired operations and
businesses into ATMI; problems or delays associated with any
restructuring activity, including resolution of the various
discontinued elements of ATMI's Technologies segment; and other
factors discussed in ATMI's filings with the Securities and
Exchange Commission. Such risks and uncertainties could cause
actual results to differ from those projected. ATMI undertakes no
obligation to publicly update or revise any forward-looking
statements, whether because of new information, future events or
otherwise. DATASOURCE: ATMI, Inc. CONTACT: Dean Hamilton, ATMI,
+1-203-207-9349 Direct, or, +1-203-794-1100, ext. 4202, Web site:
http://www.atmi.com/
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