Veeco Appoints Mark Munch EVP, GM, Metrology and Instrumentation
January 28, 2008
WOODBURY, N.Y.--(BUSINESS WIRE)--Jan. 28, 2008--Veeco Instruments Inc. (Nasdaq: VECO) today announced that it has appointed Mark R. Munch, Ph.D., to the position of Executive Vice President, General Manager, Metrology and Instrumentation (M&I), reporting to John R. Peeler, Veeco's Chief Executive Officer. Veeco's M&I business, which had forecasted revenues of approximately $150 million in 2007, includes its automated Atomic Force Microscope (AFM) products for the semiconductor and data storage market, market-leading research AFMs/Scanning Probe Microscopes (SPMs) for broad-based nanomaterial and life science applications, and optical and stylus profilers for industrial and research applications.
Dr. Munch, age 46, joins Veeco from Coherent Inc., where he was Senior Vice President and General Manager of the Commercial Lasers and Components (CLC) Group, which represents a substantial portion of Coherent's $600 million in revenues and includes a number of laser product divisions for diverse markets such as medical, bioinstrumentation, and materials processing.
John Peeler commented, "Mark's strong technology background and broad experience managing multi-market, multi-product technology businesses makes him an ideal fit to run our M&I business. We are pleased to welcome Mark to the Veeco team. He brings to Veeco tremendous experience, a history of successful product definition and commercialization, strong business acumen and financial skills. I believe he can help our M&I organization produce exceptional results in 2008 and beyond."
Prior to joining Coherent, Dr. Munch was CEO and President of Cooligy Inc., which, under his leadership, became a wholly owned subsidiary of Emerson Electric. Dr. Munch joined Cooligy from Corning, Inc. where he served as Division Vice President and General Manager for two product divisions in optical components as well as Vice President and Chief Technology Officer of Corning Photonic Technologies. Prior to Corning, Dr. Munch served in various executive positions at Tyco Corporation including those of General Manager, Vice President, and Chief Technology Officer. Earlier in his career, Mark spent ten years at Raychem Corporation in various key management positions. Mark received his bachelor's degree in chemical engineering from University of Colorado and his M.S. and Ph.D. degrees in chemical engineering from Stanford University.
Dr. Munch commented, "I am excited to join the Veeco management team. Veeco presents a unique opportunity for me to help grow a business which has a long history of technology leadership and innovation."
Veeco Instruments Inc. provides solutions for nanoscale applications in the worldwide data storage, semiconductor, HB-LED/wireless and scientific research markets. Our Metrology products are used to measure at the nanoscale and our Process Equipment tools help create nanoscale devices. Veeco's manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the United States, Europe, Japan and Asia Pacific. Additional information on Veeco can be found at http://www.veeco.com/.
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2006 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
CONTACT: Financial: Debra Wasser, 1 516-677-0200 x1472 SVP Investor Relations & Corp. Comm. OR Media: Fran Brennen, 1 516-677-0200 x1222 Senior Director Marcom SOURCE: Veeco Instruments Inc.