BEVERLY,
Mass., Sept. 5, 2023 /PRNewswire/ -- The Board of
Directors of Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading
supplier of enabling ion implantation solutions for the
semiconductor industry, today named James
Coogan to succeed Kevin
Brewer as Executive Vice President and Chief Financial
Officer. Mr. Coogan will join the Company in October 2023. At that time, Mr. Brewer will
assume the title of Executive Vice President, Finance and
Operations. He will continue to manage the Company's manufacturing
operations and will support the transition of the Company's finance
function to Mr. Coogan. Mr. Brewer plans to retire at year-end 2023
and will remain as a Senior Advisor through 2024.
Mr. Coogan brings more than 20 years of finance, accounting, and
investor relations experience across multiple industries, most
recently in aerospace and defense. Mr. Coogan joins Axcelis after
serving as Senior Vice President, Chief Financial Officer at Kaman
Corporation, a leading provider of aerospace and defense products.
During his 15 years with Kaman, he held various management
positions including Vice President, Investor Relations and
Corporate Development, Assistant Vice President, External Reporting
and SEC Compliance, and Director, External Reporting and SEC
Compliance. After starting his career at PwC, he held several
financial management roles at Ann Taylor Stores Corporation and
Mohegan Tribal Gaming Authority before joining Kaman. He holds a
Master of Business Administration from Yale School of Management, a
Master of Science in Accounting from the University of Connecticut and a Bachelor of Science
in Business Administration, Accounting from the University of Connecticut.
Mr. Brewer has had a 24 year career at Axcelis. He came to
Axcelis through Eaton Corporation and held numerous executive level
positions in the Company including CFO and EVP of Global Operations
for the past 10 plus years. Prior to joining Eaton, Mr. Brewer held
numerous senior level positions at Raytheon Companies Aircraft,
Electronic Systems and Missile systems Divisions.
"We are immensely grateful for the contributions and legacy
Kevin has left on this Company. His knowledge and experience during
a unique time in Axcelis' history enabled us to strengthen the
Company and position it for a very bright future," said Executive
Chairperson Mary Puma. "Through his
leadership, the Company has increased operational efficiencies,
strengthened the supply chain, improved financial performance and
increased the Company's pace of profitable growth."
President and CEO Russell Low
stated, "I also want to express my gratitude to Kevin for his
contributions and leadership. After an extensive search, we are
delighted to announce that Jamie will be joining Axcelis as our new
CFO. He is a seasoned executive with a proven track record and his
wealth of knowledge and experience will be of great benefit as we
continue to focus on the tremendous growth opportunities ahead for
Axcelis. We are confident that Jamie will help the team continue to
deliver the growth and profitability that investors have come to
expect from Axcelis."
Kevin Brewer commented, "I have
been planning this transition in coordination with the Board and
believe now is the right time to transition the Finance function. I
will continue to oversee Manufacturing Operations through year end,
at which time I will move into the Senior Advisor role, supporting
both functions as needed through 2024. I am grateful for the honor
and privilege to serve as CFO during this pivotal time in the
Company's history. I want to thank the entire Axcelis team for
their hard work and unwavering commitment to lead us here. I also
want to thank our customers, suppliers and shareholders who have
supported Axcelis over the years."
James Coogan stated, "I am
thrilled to join Axcelis during such an exciting time and I look
forward to partnering with the leadership team and the Board to
build on the Company's success and drive further growth and
long-term shareholder returns."
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative,
high-productivity solutions for the semiconductor industry for 45
years. Axcelis is dedicated to developing enabling process
applications through the design, manufacture and complete life
cycle support of ion implantation systems, one of the most critical
and enabling steps in the IC manufacturing process. Learn more
about Axcelis at www.axcelis.com.
CONTACTS:
Maureen Hart (editorial/media)
978.787.4266
Doug Lawson (investor relations)
978.787.9552
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SOURCE Axcelis Technologies, Inc.