II-VI Incorporated’s Board of Directors Extends CEO Contract with Dr. Chuck Mattera
August 23 2022 - 4:10PM
II-VI Incorporated (Nasdaq: IIVI) (“II-VI,” “We,” or the
“Company”), an innovator in materials, networking, and lasers
enabling a sustainable world, today announced that its Board of
Directors, upon the recommendation of its Human Capital and
Compensation Committee, has unanimously agreed to extend Dr.
Vincent D. “Chuck” Mattera, Jr.’s, contract as CEO until August 1,
2030.
“On behalf of the Board of Directors, we are thrilled to extend
Chuck’s contract through 2030. Chuck’s vision, energy, and
execution have driven our acquisition-related integration
activities in the United States, Europe, and Asia, thereby
establishing additional growth engines that provide agility and
sustainability to the Company’s operations,” said Dr. Shaker
Sadasivam, Chairman of the Compensation Committee on the Board of
Directors. “His leadership has positioned the Company into large
and transformative global growth markets while continually
increasing its worldwide reach, deepening its technology and IP
portfolio, broadening its product roadmap and customer base, and
building its brand as a market leader.”
“I look forward with a great sense of mission to continuing to
build on a strong record of excellence, to grow the company at a
significant pace during this decade, and to set the stage for what
may come next and beyond,” said Dr. Chuck Mattera, Chair and CEO.
“I recognize Dr. Carl Johnson, the co-founder and first CEO of
II-VI, and Fran Kramer, our Chair Emeritus and second CEO, along
with members of our Board of Directors, our Executive Team, and
employees around the world, whose contributions to our culture are
reflected in our values of Integrity, Collaboration,
Accountability, Respect, and Enthusiasm.”
Dr. Mattera’s long association with II-VI began when he
initially served as a member of the II-VI Board of Directors from
2000 to 2002. He joined the Company as Vice President in 2004 and
served as Executive Vice President from 2010 to 2013, when he
became Chief Operating Officer. He was re-appointed to the Board in
2012. In 2014, Dr. Mattera became the President and Chief Operating
Officer. In 2016, Dr. Mattera became the Company’s third President
and Chief Executive Officer in 45 years and continued as Chief
Executive Officer when the roles of President and CEO were
separated in June 2019. He was named Chair and CEO in November
2021.
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and
optoelectronic components, is a vertically integrated manufacturing
company that develops innovative products for diversified
applications in communications, industrial, aerospace &
defense, semiconductor capital equipment, life sciences, consumer
electronics, and automotive markets. Headquartered in Saxonburg,
Pennsylvania, the Company has research and development,
manufacturing, sales, service, and distribution facilities
worldwide. The Company produces a wide variety of
application-specific photonic and electronic materials and
components, and deploys them in various forms, including integrated
with advanced software to support our customers. For more
information, please visit us at www.ii-vi.com.
CONTACT: |
Mark
Lourie |
|
Vice President, Corporate Communications |
|
corporate.communications@ii-vi.com |
|
www.ii-vi.com/contact-us |
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