IPG Photonics Nominates Two New Candidates for Board of Directors
16 April 2014 - 6:30AM
Business Wire
Eric Meurice and Thomas Seifert will Stand for
Election at Company’s 2014 Annual Shareholder Meeting on June 3
IPG Photonics Corporation (NASDAQ: IPGP) announced today the
nominations of Eric Meurice, 57, and Thomas J. Seifert, 50, to be
elected to the Company’s Board of Directors at its 2014 annual
meeting of shareholders on June 3, 2014. Their nominations are in
addition to the nomination of the currently serving Board with the
exception of current Director William Krupke, who will not stand
for re-election at the meeting. The Board also voted to increase
the size of the IPG Board of Directors to 10 members upon their
election.
“Eric and Thomas both offer significant relevant experience to
our Board of Directors,” said Dr. Valentin Gapontsev, CEO and
Chairman of the Board of IPG Photonics. “Eric is a strategic
thinker and operator who has experience managing a rapidly-growing,
complex, global billion dollar business in the capital equipment
and electronic fields. Thomas has extensive background working as
an operating executive and chief financial officer of several large
publicly held international technology businesses. The deep
experience that both of these men will bring to the Board are
directly aligned with IPG’s growth strategy.”
“I also would like to thank Dr. Bill Krupke for his valuable
contributions during the past 13 years as a member of the IPG
Photonics Board of Directors. His knowledge and guidance have been
valuable to the Board and to the success of our Company,” concluded
Dr. Gapontsev.
Eric Meurice served as President and Chief Executive Officer of
ASML Holding NV, a provider of semiconductor manufacturing
equipment and technology, from October 2004 to June 2013, and as
Chairman until March 2014. From 2001 to 2004, he was Executive Vice
President of the Thomson Television Division of Thomson SA, an
electronics manufacturer. From 1995 to 2001, he served as head of
Dell Computer's Western, Eastern Europe and EMEA emerging market
businesses. Before 1995, he gained significant technology
experience at ITT Semiconductor and at Intel Corporation. Eric now
serves on the board of NXP Semiconductors N.V. (a semiconductor
company). Mr. Meurice earned a Master's degree in Mechanics and
Energy Generation, at the Ecole Centrale de Paris, a Master's
degree in Economics from la Sorbonne University, Paris, and an
M.B.A. from Stanford University.
Thomas J. Seifert has been the Executive Vice President and
Chief Financial Officer of Symantec Corporation, a provider of
security, backup and availability solutions, since March 2014. He
served as Executive Vice President and Chief Financial Officer of
Brightstar Corporation, a wireless distribution and services
company, from December 2012 to March 2014. He was Senior Vice
President and Chief Financial Officer at Advanced Micro Devices
Inc., a semiconductor company, from October 2009 to August 2012.
From October 2008 to August 2009, Mr. Seifert served as Chief
Operating Officer and Chief Financial Officer of Qimonda AG, a
German memory chip manufacturer, and as Chief Operating Officer
from June 2004 to October 2008. He also held executive positions at
Infineon AG, White Oak Semiconductor, and Altis Semiconductor. Mr.
Seifert has a Bachelor’s degree and a Master’s degree in Business
Administration from Friedrich Alexander University and a Master’s
degree in Mathematics and Economics from Wayne State
University.
About IPG Photonics Corporation
IPG Photonics Corporation is the world leader in high-power
fiber lasers and amplifiers. Founded in 1990, IPG pioneered the
development and commercialization of optical fiber-based lasers for
use in diverse applications, primarily materials processing. Fiber
lasers have revolutionized the industry by delivering superior
performance, reliability and usability at a lower total cost of
ownership compared with conventional lasers, allowing end users to
increase productivity and decrease operating costs. IPG has its
headquarters in Oxford, Massachusetts, and has additional plants
and offices throughout the world. For more information, please
visit www.ipgphotonics.com.
Sharon MerrillDennis Walsh, 617-542-5300Vice President
IPG Photonics (NASDAQ:IPGP)
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