WOODBURY, N.Y.--(BUSINESS WIRE)--Jan. 28, 2008--Veeco Instruments
Inc. (Nasdaq: VECO) today announced that it has appointed Mark R.
Munch, Ph.D., to the position of Executive Vice President, General
Manager, Metrology and Instrumentation (M&I), reporting to John R.
Peeler, Veeco's Chief Executive Officer. Veeco's M&I business, which
had forecasted revenues of approximately $150 million in 2007,
includes its automated Atomic Force Microscope (AFM) products for the
semiconductor and data storage market, market-leading research
AFMs/Scanning Probe Microscopes (SPMs) for broad-based nanomaterial
and life science applications, and optical and stylus profilers for
industrial and research applications.
Dr. Munch, age 46, joins Veeco from Coherent Inc., where he was
Senior Vice President and General Manager of the Commercial Lasers and
Components (CLC) Group, which represents a substantial portion of
Coherent's $600 million in revenues and includes a number of laser
product divisions for diverse markets such as medical,
bioinstrumentation, and materials processing.
John Peeler commented, "Mark's strong technology background and
broad experience managing multi-market, multi-product technology
businesses makes him an ideal fit to run our M&I business. We are
pleased to welcome Mark to the Veeco team. He brings to Veeco
tremendous experience, a history of successful product definition and
commercialization, strong business acumen and financial skills. I
believe he can help our M&I organization produce exceptional results
in 2008 and beyond."
Prior to joining Coherent, Dr. Munch was CEO and President of
Cooligy Inc., which, under his leadership, became a wholly
owned subsidiary of Emerson Electric. Dr. Munch joined Cooligy from
Corning, Inc. where he served as Division Vice President and General
Manager for two product divisions in optical components as well as
Vice President and Chief Technology Officer of Corning Photonic
Technologies. Prior to Corning, Dr. Munch served in various executive
positions at Tyco Corporation including those of General Manager, Vice
President, and Chief Technology Officer. Earlier in his career, Mark
spent ten years at Raychem Corporation in various key management
positions. Mark received his bachelor's degree in chemical engineering
from University of Colorado and his M.S. and Ph.D. degrees in chemical
engineering from Stanford University.
Dr. Munch commented, "I am excited to join the Veeco management
team. Veeco presents a unique opportunity for me to help grow a
business which has a long history of technology leadership and
innovation."
About Veeco
Veeco Instruments Inc. provides solutions for nanoscale
applications in the worldwide data storage, semiconductor,
HB-LED/wireless and scientific research markets. Our Metrology
products are used to measure at the nanoscale and our Process
Equipment tools help create nanoscale devices. Veeco's manufacturing
and engineering facilities are located in New York, New Jersey,
California, Colorado, Arizona and Minnesota. Global sales and service
offices are located throughout the United States, Europe, Japan and
Asia Pacific. Additional information on Veeco can be found at
http://www.veeco.com/.
To the extent that this news release discusses expectations or
otherwise makes statements about the future, such statements are
forward-looking and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from the
statements made. These factors include the risks discussed in the
Business Description and Management's Discussion and Analysis sections
of Veeco's Annual Report on Form 10-K for the year ended December 31,
2006 and in our subsequent quarterly reports on Form 10-Q, current
reports on Form 8-K and press releases. Veeco does not undertake any
obligation to update any forward-looking statements to reflect future
events or circumstances after the date of such statements.
CONTACT: Financial:
Debra Wasser, 1 516-677-0200 x1472
SVP Investor Relations & Corp. Comm.
OR
Media:
Fran Brennen, 1 516-677-0200 x1222
Senior Director Marcom
SOURCE: Veeco Instruments Inc.