Onto Innovation Welcomes Susan Lynch to its Board of Directors
March 18 2024 - 7:00AM
Business Wire
Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation”, “Onto”, or
the “Company”) today announced Susan Lynch has joined its board of
directors.
With over 30 years of leadership experience in high technology
companies, Susan Lynch brings a strong background in financial
leadership to Onto Innovation’s board of directors. She recently
served as senior vice president and chief financial officer of V2X
(formerly Vectrus, Inc.). Prior to V2X, Susan was executive vice
president and chief financial officer of Sungard Availability
Services, executive vice president and chief financial officer of
Hitachi Vantara (formerly Hitachi Data Systems), vice president and
chief financial officer of Raytheon Technical Services and
assistant corporate controller of Honeywell International. Ms.
Lynch has also served on the board of directors of Allegro
MicroSystems since 2021.
“Susan brings significant executive leadership experience to the
Onto Innovation board of directors. She has a long and impressive
history of financial leadership experience at software and hardware
companies in leading-edge technology markets. We expect her broad
financial and technology experience to bring great insights to our
board,” said Christopher Seams, chairman of Onto Innovation’s board
of directors.
Ms. Lynch remarked, “Onto Innovation has become a strategic
global partner for many of the leading semiconductor companies
engaged in advanced logic and memory supporting the latest
artificial intelligence (AI) trends, as well as suppliers for power
devices supporting green initiatives. I value their focus on
collaborative partnerships and their ability to deliver innovations
that help improve yield and reduce cost. I am looking forward to
bringing my expertise to this talented team.”
“Susan brings a fresh perspective to our board of directors,
having both semiconductor and industrial company experience in her
career. In addition, her financial expertise at large-cap and
mid-cap companies provides additional perspective as Onto
Innovation focuses on its own transformation and future growth
within the semiconductor process control industry,” said Mike
Plisinski, chief executive officer of Onto Innovation.
About Onto Innovation Inc.
Onto Innovation is a leader in process control, combining global
scale with an expanded portfolio of leading-edge technologies that
include: Un-patterned wafer quality; 3D metrology spanning chip
features from nanometer scale transistors to large die
interconnects; macro defect inspection of wafers and packages;
metal interconnect composition; factory analytics; and lithography
for advanced semiconductor packaging. Our breadth of offerings
across the entire semiconductor value chain combined with our
connected thinking approach results in a unique perspective to help
solve our customers’ most difficult yield, device performance,
quality, and reliability issues. Onto Innovation strives to
optimize customers’ critical path of progress by making them
smarter, faster and more efficient. With headquarters and
manufacturing in the U.S., Onto Innovation supports customers with
a worldwide sales and service organization. Additional information
can be found at www.ontoinnovation.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the “Act”) which include statements relating to Onto Innovation’s
business momentum and future growth; the benefit to customers and
the capabilities of Onto Innovation’s products and customer
service; Onto Innovation’s ability to both deliver products and
services consistent with our customers’ demands and expectations
and strengthen its market position, Onto Innovation’s beliefs about
market opportunities as well as other matters that are not purely
historical data. Onto Innovation wishes to take advantage of the
“safe harbor” provided for by the Act and cautions that actual
results may differ materially from those projected as a result of
various factors, including risks and uncertainties, many of which
are beyond Onto Innovation’s control. Such factors include, but are
not limited to, the Company’s ability to leverage its resources to
improve its position in its core markets; its ability to weather
difficult economic environments; its ability to open new market
opportunities and target high-margin markets; the strength/weakness
of the back-end and/or front-end semiconductor market segments;
fluctuations in customer capital spending; the Company’s ability to
effectively manage its supply chain and adequately source
components from suppliers to meet customer demand; the effects of
political, economic, legal, and regulatory changes or conflicts on
the Company's global operations; its ability to adequately protect
its intellectual property rights and maintain data security; the
effects of natural disasters or public health emergencies, such as
the COVID-19 pandemic, on the global economy and on the Company’s
customers, suppliers, employees, and business; its ability to
effectively maneuver global trade issues and changes in trade and
export regulations and license policies; the Company’s ability to
maintain relationships with its customers and manage appropriate
levels of inventory to meet customer demands; and the Company’s
ability to successfully integrate acquired businesses and
technologies. Additional information and considerations regarding
the risks faced by Onto Innovation are available in Onto
Innovation’s Form 10-K report for the year ended December 30, 2023,
and other filings with the Securities and Exchange Commission. As
the forward-looking statements are based on Onto Innovation’s
current expectations, the Company cannot guarantee any related
future results, levels of activity, performance or achievements.
Onto Innovation does not assume any obligation to update the
forward-looking information contained in this press release, except
as required by law.
Source: Onto Innovation Inc. ONTO-IC
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240318072035/en/
Investor Relations: Michael Sheaffer, +1 978.253.6273
mike.sheaffer@ontoInnovation.com
Onto Innovation (NYSE:ONTO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Onto Innovation (NYSE:ONTO)
Historical Stock Chart
From Aug 2023 to Aug 2024