Mykrolis CEO to Retire From Post
18 June 2004 - 7:45AM
PR Newswire (US)
Mykrolis CEO to Retire From Post BILLERICA, Mass., June 17
/PRNewswire-FirstCall/ -- C. William Zadel, Chairman and CEO of
Mykrolis Corporation (NYSE:MYK) announced today his intention to
step down as CEO in the coming months as part of a planned
retirement. The Board of Directors has initiated a search of
internal and external candidates for Mr. Zadel's replacement and
expects to announce a successor by year end 2004, or early 2005.
While serving as Chairman and CEO of Millipore Corporation, Mr.
Zadel was the central architect behind Mykrolis's spin-out from
Millipore in August 2001, at which time he was named Chairman and
CEO of Mykrolis. Mr. Zadel indicated that, if needed, he would
remain in his current role for a period of time after the naming of
his successor in order to provide a smooth transition. Mr. Zadel
said, "When I became the CEO of Mykrolis, I did so with the full
understanding of the Board that I would retire once Mykrolis was
firmly established as a stand-alone company. I am gratified to have
had the opportunity to be part of the team that has succeeded in
making Mykrolis a financially strong, independent entity with
considerable growth opportunities ahead of it. I have every
confidence that Mykrolis has the talent, product technology, and
business model to build on its successes over the past three years
and to take full advantage of its leading market and technology
position." About Mykrolis Mykrolis Corporation, based in Billerica,
Massachusetts, is a worldwide developer, manufacturer and supplier
of liquid and gas delivery systems, components and consumables used
to precisely measure, deliver, control and purify the process
liquids, gases and chemicals, as well as the deionized water,
photoresists and vacuum systems utilized in the semiconductor
manufacturing process. In addition, the Company's products are used
to manufacture a range of other products, such as flat panel
displays, high purity chemicals, photoresists, solar cells, gas
lasers, optical disks and fiber optic cables. For more information,
visit http://www.mykrolis.com/. Contact: Steve Cantor, Director of
Investor Relations and Corporate Communications 978-436-6500
DATASOURCE: Mykrolis Corporation CONTACT: Steve Cantor, Director of
Investor Relations and Corporate Communications, +1-978-436-6500,
Web site: http://www.mykrolis.com/
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