Cascade Microtech Announces Leadership Transition Plan
17 August 2007 - 6:03AM
Business Wire
Cascade Microtech (Nasdaq:CSCD) announced today a planned
succession and search for a new Chief Executive Officer. Cascade's
Chairman and Chief Executive Officer, Eric W. Strid, plans to
transition from his current role to the position of Chairman and
Chief Technical Officer upon the hiring of the new Chief Executive.
Mr. Strid commented, �My first love in co-founding Cascade was and
still is solving customer problems with great new probing
technologies. Cascade Microtech has grown from a startup in 1984 to
a worldwide technology leader in wafer probing. I am very
supportive and excited to see Cascade move to the next growth phase
with a strong new chief executive.� F. Paul Carlson, Cascade
Microtech�s Lead Director, commented, �We will search for a CEO who
has the leadership and vision qualifications to grow Cascade to a
much larger company. We have a very involved Board that will work
with Eric and the management team to ensure a smooth transition.�
The COO search previously announced on the July 24 earnings
conference call will instead become a CEO search. About Cascade
Microtech Cascade Microtech, Inc. (NASDAQ:CSCD) is a worldwide
leader in the precise electrical measurement and test of integrated
circuits (ICs) and other small structures. For technology
businesses and scientific institutions that need to evaluate small
structures, Cascade Microtech delivers access to, and extraction
of, electrical data from wafers, integrated circuits (ICs), IC
packages, circuit boards and modules, MEMS, biological structures,
electro-optic devices and more. Cascade Microtech�s leading-edge
semiconductor production test consumables include unique probe
cards and test sockets that reduce manufacturing costs of
high-speed and high-density semiconductor chips. Information about
Cascade Microtech can be found on the Web at
www.cascademicrotech.com.
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