Photronics Announces Chief Financial Officer Retirement and Appoints Interim CFO
January 23 2024 - 9:00AM
Photronics, Inc. (NASDAQ:PLAB), a worldwide leader in photomask
technologies and solutions, today announced that John Jordan,
executive vice president and chief financial officer, has decided
to retire. Mr. Jordan, who has served as CFO since he joined the
company in 2017, will retire February 23, 2024.
“On behalf of the Board of Directors, I would
like to thank John for his many contributions over the last six
years,” said Frank Lee, chief executive officer. “He helped us
navigate a global expansion of our manufacturing footprint and
managed the implementation of our capital allocation strategy as we
have profitably grown during his tenure. He has been a valuable
resource when I assumed the role of CEO in 2022 and will be missed.
We all wish him well in his retirement.”
The Board of Directors has approved the
appointment of Eric Rivera as interim chief financial officer,
effective upon Mr. Jordan's retirement. Mr. Rivera joined
Photronics in 2016 as corporate controller and has served as chief
accounting officer since 2020. Mr. Rivera has 24 years of
experience and held several positions in accounting and financial
reporting prior to joining Photronics, including at IBM and
Thompson Reuters. He holds a bachelor’s degree in accounting from
Mercy College and is a certified public accountant.
About Photronics
Photronics is a leading worldwide manufacturer
of integrated circuit (IC) and flat panel display (FPD) photomasks.
High precision quartz plates that contain microscopic images of
electronic circuits, photomasks are a key element in the IC and FPD
manufacturing process. Founded in 1969, Photronics has been a
trusted photomask supplier for over 50 years. As of October 31,
2023, the company had approximately 1,885 employees. The company
operates 11 strategically located manufacturing facilities in Asia,
Europe, and North America. Additional information on the company
can be accessed at www.photronics.com.
For Further Information:John P.
JordanExecutive Vice President &
CFO203.740.5671jjordan@photronics.com
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