Verigy Promotes Jorge Titinger to President and COO
June 21 2010 - 5:00PM
Business Wire
Verigy (NASDAQ: VRGY), a leading semiconductor test company,
today announced the promotion of Chief Operating Officer, Jorge
Titinger, to president and COO, effective July 1. Titinger will
report to Keith Barnes, chairman and chief executive officer, who
has held the position of CEO and president since joining the
company in 2006.
Since joining Verigy in 2008 as COO and a member of the senior
management team, Titinger has been instrumental in managing several
departments and product divisions of the company through the most
severe downturn in the semiconductor industry’s history and helping
to guide Verigy back to profitability. With his newly added role as
president, he will be responsible for business activities involving
product generation, customer engagement and operational delivery of
Verigy’s testing solutions, from R&D and manufacturing through
sales, post-sales service and applications support.
“As COO, Jorge has distinguished himself through efficient
management of Verigy’s day-to-day operations, including global
manufacturing and the company’s two largest product groups, SOC and
memory test platforms,” said Barnes. “Our SOC and memory test
platforms have very similar economic characteristics, and by
unifying these product-focused activities under the direction of
Jorge, we are well positioned to optimize our resources and the
cost efficiencies of our business model to provide the solutions
that our customers need.”
As chairman and CEO, Barnes will continue to focus on long-term,
corporate development issues including Verigy’s future direction,
strategic partnerships, market development, board coordination, and
shareholder and customer relations.
“In my expanded role, I look forward to leading our company in
the development and execution of strategies that will take Verigy
to the next level of achievement in support of our customers’
requirements,” said Titinger. “Working together with Keith and the
entire Verigy team, we will continue striving to improve our
company’s customer engagements, product development programs and
operational excellence.”
Prior to joining Verigy, Titinger was senior vice president of
product business groups at FormFactor, Inc., a manufacturer of
advanced wafer-probing cards. Before that, he held several
executive leadership positions at KLA-Tencor Corp., a supplier of
process-control and yield-management solutions for semiconductor
and related microelectronics industries. At KLA-Tencor, his roles
included executive vice president of global operations and chief
manufacturing officer, chief administrative officer, senior vice
president and general manager of global support services and field
operations group. Titinger also worked for five years in executive
positions at Applied Materials, Inc., a supplier of semiconductor
manufacturing equipment.
Titinger earned his B.S. and M.S. degrees in electrical
engineering and his M.S. in engineering management from Stanford
University.
About Verigy
Verigy provides advanced semiconductor test systems and
solutions used by leading companies worldwide in design validation,
characterization, and high-volume manufacturing test. Verigy offers
scalable platforms for a wide range of system-on-chip (SOC) test
solutions, and memory test solutions for Flash, DRAM including
high-speed memories, as well as multi-chip packages (MCP). Verigy
also provides advanced analysis tools that accelerate design debug
and yield ramp processes. Additional information about Verigy can
be found at www.verigy.com.
Forward Looking
Statements
This press release contains forward-looking statements,
including statements about Verigy’s return to
profitability, optimization of our resources and the cost
efficiencies of our business model. Forward-looking statements are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Important risks and uncertainties that
may cause results to differ materially from those in the
forward-looking statements are discussed in our most recent SEC
filings. These forward-looking statements are only valid as of this
date, and Verigy undertakes no duty to update any forward-looking
statements.
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