Verigy Appoints CEO Keith Barnes Chairman, Adds Industry Veteran Ed Grady to Board of Directors
July 10 2007 - 4:30PM
Business Wire
Verigy (NASDAQ: VRGY), a premier semiconductor test company, today
announced several changes to its Board of Directors. Keith Barnes,
Verigy's chief executive officer and president, has been appointed
to the additional role of chairman of Verigy�s Board of Directors.
Adrian Dillon, Verigy's former chairman, who is executive vice
president, finance and administration, and chief financial officer
of Agilent Technologies, announced that, as planned, he is leaving
the Verigy Board approximately one year after Verigy became an
independent company. Verigy also announced today it has appointed
semiconductor industry veteran Edward C. Grady to its Board. In
connection with Mr. Barnes becoming chairman, the independent
directors also appointed Board member Scott Gibson to the role of
lead independent director. These changes were approved by vote
today and are effective immediately. "Adrian has played a critical
role in helping Verigy reach our current point of success,� said
Barnes. �Adrian was instrumental in structuring the company for
success as an independent entity, in seeing us through our spin-off
and our IPO, and providing key leadership during our crucial first
year. His experience, insight and guidance have been invaluable to
the Company, and we will miss him on our Board. At the same time,
I�m very pleased to have Ed Grady join us. Ed is a seasoned
executive with extensive experience in the semiconductor industry,
and will be a great addition to our Board of Directors. Scott,
through his chairmanship of our Compensation and Nominating &
Governance Committees, has demonstrated tremendous leadership on
Verigy�s Board. I am very pleased to have him assume the additional
role of lead independent director. As we celebrate our first
anniversary as an independent company, these leadership changes are
yet another milestone in Verigy's growth." "Although this is
something of a bittersweet moment for me, I'm delighted that Verigy
has taken off so well, and I'm very proud of the work the company
has done to get to this point," said Dillon. "I have every
confidence that Keith and the rest of the Board will continue on
the path we've started and I look forward to watching Verigy's
continued success." Mr. Grady, president and CEO at Brooks
Automation Inc. (NASDAQ: BRKS), brings more than 30 years of
experience in engineering, sales, product marketing, strategic
marketing and management to Verigy's Board. Prior to joining Brooks
in 2003, he ran several divisions at KLA-Tencor, served as
president and CEO of Hoya Micro Mask and was vice president of
worldwide sales for the EPI division of Monsanto/MEMC where he
started his career. He holds a Bachelor of Science degree in
engineering from Southern Illinois University and MBA from the
University of Houston. Mr. Grady currently serves on the Board of
Directors of Brooks, Evergreen Solar (NASDAQ: ESLR) as well as
privately held Integrated Materials, Inc. and Molecular Imprints,
Inc. and on the Board of Advisors of Finesse Solutions LLC. About
Verigy Verigy designs, develops, manufactures, sells and services
advanced test systems and solutions for the memory and
system-on-chip segments of the semiconductor industry. Verigy�s
scalable platform systems are used by leading semiconductor
companies worldwide in design validation, characterization, and
high volume manufacturing test. Formerly part of Agilent
Technologies, the company began doing business as Verigy on June 1,
2006, and completed its initial public offering on June 13, 2006.
Information about Verigy can be found at www.verigy.com.
Verigy Ltd. (MM) (NASDAQ:VRGY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Verigy Ltd. (MM) (NASDAQ:VRGY)
Historical Stock Chart
From Jul 2023 to Jul 2024