Seth H. Bagshaw to Retire as Chief Financial Officer of MKS Instruments
December 04 2023 - 7:00AM
MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling
technologies that transform our world, today announced that Seth H.
Bagshaw, 64, will retire as Executive Vice President, Chief
Financial Officer and Treasurer, effective April 1, 2024, following
a distinguished 18-year career with the Company. Mr. Bagshaw will
serve as a special advisor to the Company through May 1,
2024.
John T.C. Lee, President and Chief Executive Officer said, "Seth
has been a valued partner in building MKS into a foundational
solutions provider for the semiconductor, electronics and packaging
and specialty industrial markets. His focus on financial discipline
has become ingrained in our culture, and he and his team have ably
steered MKS through many key investments and decisions over nearly
two decades at the Company. He will leave MKS in a strong financial
position for future growth and value creation. We wish him all the
best in his well-deserved retirement.”
Mr. Bagshaw joined MKS in 2006 and has served as its Chief
Financial Officer since 2010. He previously served as a Senior Vice
President and as Vice President and Corporate Controller. He
commented, “I want to sincerely thank John, the MKS Board and all
of my colleagues across the Company for their partnership and
support over many great years of growth and strong performance. I’m
especially proud of the talented finance team we’ve built here at
MKS and the incredible work they have done to support the growth
and expansion of the Company. Today MKS ranks number one or two in
twenty product categories and has tremendous opportunity for growth
in the coming years. I look forward to following MKS’ continued
progress and enjoying its future success.”
MKS has retained a leading executive recruiting firm to conduct
a comprehensive search for MKS’ next chief financial officer.
About MKS Instruments MKS Instruments
enables technologies that transform our world. We deliver
foundational technology solutions to leading edge semiconductor
manufacturing, electronics and packaging, and specialty industrial
applications. We apply our broad science and engineering
capabilities to create instruments, subsystems, systems, process
control solutions and specialty chemicals technology that improve
process performance, optimize productivity and enable unique
innovations for many of the world’s leading technology and
industrial companies. Our solutions are critical to addressing the
challenges of miniaturization and complexity in advanced device
manufacturing by enabling increased power, speed, feature
enhancement, and optimized connectivity. Our solutions are also
critical to addressing ever-increasing performance requirements
across a wide array of specialty industrial applications.
Additional information can be found at www.mks.com.
Safe Harbor for Forward-Looking StatementsThis
press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 regarding MKS’ executive team and
MKS’ future financial performance, business prospects and growth.
Any statements that are not statements of historical fact should be
considered to be forward-looking statements. Actual events or
results may differ materially from those in the forward-looking
statements set forth herein as a result of various important
factors, including the factors described in MKS’ Annual Report on
Form 10-K for the year ended December 31, 2022 and any subsequent
Quarterly Reports on Form 10-Q, as filed with the U.S. Securities
and Exchange Commission. MKS is under no obligation to, and
expressly disclaims any obligation to, update or alter these
forward-looking statements, whether as a result of new information,
future events or otherwise after the date of this press
release.
Company Contact:David RyzhikVice President,
Investor RelationsTelephone: (978)
557-5180Email: david.ryzhik@mksinst.com
Press Relations: Bill Casey Senior Director, Marketing
Communications Telephone: (630)
995-6384 Email: press@mksinst.com
Kerry Kelly, PartnerKekst
CNCEmail: kerry.kelly@kekstcnc.com
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