Bruker's New Advanced Supercon, Inc. (ASCI) Subsidiary Starts U.S. Operations and Hires Tom Rosa as CFO and Senior VPTom Rosa (P
01 May 2008 - 6:05AM
Business Wire
Advanced Supercon, Inc. (ASCI) in Billerica, Massachusetts, a new
subsidiary of Bruker Corporation (NASDAQ: BRKR), announced today
that it has hired Thomas M. Rosa as Chief Financial Officer and
Senior Vice President, and that it is establishing business
development and customer support operations in the U.S. under Mr.
Rosa�s leadership. The manufacturing operations of the Advanced
Supercon business and its present research and development for low
temperature superconductor (LTS) and high temperature
superconductor (HTS) wires and devices will remain in Europe. Over
time, ASCI expects to conduct selected superconducting
device-related R&D projects also at its new U.S. operations.
Mr. Rosa previously worked for over 14 years at American
Superconductor Corporation (AMSC) in Westborough, MA, where he
served as Vice President and CFO from March 2006 to July 2007,
during which time he was involved in two acquisitions in the wind
and power electronics industries. Mr. Rosa also served as Vice
President of Finance and Accounting from 2003 to 2006, as Chief
Accounting Officer from 1998 to 2003, and as Corporate Controller
of AMSC from 1992 to 1998. Prior to that, from 1982 to 1992, he
served in a variety of financial management positions at Lockheed,
Wang Labs and Prime Computer, where he was the division controller
of manufacturing operations. �We�re delighted that Tom has decided
to join us in a lead management role in what we expect to be an
exciting growth opportunity for our new Advanced Supercon
business,� said Frank Laukien, President and CEO of Bruker
Corporation. �Tom is not only very familiar with the HTS industry,
but he brings a wealth of financial expertise in the public markets
to our Advanced Supercon business. He helped grow his previous
company from $3 million in revenue when he first joined them to now
approximately $100 million in annual revenues. Tom also played a
lead role in several public equity offerings which raised an
aggregate of over $350 million and he closed the all-stock
acquisitions of two companies in the renewable energy and power
electronics industries during his tenure as CFO. In short, his
background and experience present a perfect fit for our Advanced
Supercon business and we are now looking forward to Tom helping to
drive the growth of our LTS and HTS wire and devices businesses,
particularly also outside of the European markets where we�ve
traditionally been strong already.� Tom Rosa commented: �I am very
pleased to join the Advanced Supercon business and look forward to
playing an important role not only in finance, but also in
promoting global awareness of ASCI as a high-quality provider of
LTS and HTS wire products and devices. We expect to make additional
hires in the U.S. in the near future as our business expands in
North America as well as in the Asia-Pacific region. We�re excited
to be getting the word out about the broad range of superconductor
products we offer or are developing here in the Advanced Supercon
business, including first-generation (BSCCO) and second-generation
(YBCO) HTS wire and medium temperature superconductor (MTS)
magnesium diboride (MgB2) wire. The Advanced Supercon business
already manufactures and sells tens of thousands of kilometers of
high-performance LTS wire annually worldwide, primarily for MRI,
NMR, physics research and experimental fusion magnets.� ABOUT THE
ADVANCED SUPERCON BUSINESS Bruker Corporation now operates in two
business segments, the Life and Analytical Science systems segment
and the Advanced Supercon segment. For more information on the
Advanced Supercon business, please visit www.advancedsupercon.com.
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