Nova Measuring Instruments Announces New Management Team
REHOVOTH, Israel, November 6--Nova Measuring Instruments, Ltd. (Nasdaq: NVMI), the market leader in integrated metrology and process control for the semiconductor industry, today announced changes to its management team in support of a new business unit structure that better aligns and balances management skills, organizes the company along profit center lines, and integrates the operations of recently acquired HyperNex.
The new management organization includes the following changes:
o Avron Ger, promoted to Vice President of the Thin Film Business Unit;
o Dave Kurtz, formerly CEO of HyperNex, named Vice President of the Microstructure Business Unit;
o Avi Magid, who recently joined from Kulicke & Soffa Industries as Executive Vice President, Global Business Management Group;
o Boaz Brill, named Vice President Technology Development, heading Nova's Technology Development Group
o David Scheiner appointed Chief Technology Officer
o Gabi Sharon, named Vice President Operations, heading Nova's Operations Group
Commenting on the organizational changes, Gabi Seligsohn, President and CEO of Nova, said, "I am delighted to welcome Avi Magid, a seasoned industry executive with outstanding experience to join our team of Nova veterans to form the core of a new organization with an optimal mix of continuity and new perspective. The business unit approach will support our aggressive goals - both business and financial - and helps unite the entire team behind our growth plans for the future. We now have a company structure that takes advantage of our strengths and positions us to succeed in a rapidly changing industry environment."
Business Units
Avron Ger (45) Vice President Thin Film Business Unit, joined Nova in 1996. During his tenure, he has held service management positions, key product management and marketing positions and, most recently, headed one of Nova's most strategic initiatives, the MARS modeling software for Optical CD measurement.
Dave Kurtz (48) Vice President Microstructure Business Unit, joined the company in connection with the acquisition of HyperNex, where he had been founder CEO since inception in the year 2000. Kurtz brings twenty three years of industrial and semiconductor materials processing experience.
He spent twelve years with ATMI where he held several leading positions including management of advanced development group in thin film processing.
Technology, Operations and Global Business Management
Dr. Boaz Brill (42) Vice President Technology Development, has been with Nova since 1999 and was the lead scientist who managed Nova's entry into the Optical CD market and developed the NovaScan 3090 platform. A well-known technologist, he most recently headed Nova's Physics department.
Gabi Sharon (44) Vice President Operations, is an 11-year veteran of Nova. Following his leadership of Nova's service organization, Sharon led the initial penetration of the Copper CMP market and, more recently, spearheaded the NovaScan 3090 product line and its successful market launch.
Avi Magid (45) Executive Vice President Global Business Management, joined Nova after thirteen years at Kulicke & Soffa, a leading supplier of semiconductor assembly equipment, where he held several positions as managing director and Vice President. A versatile executive with excellent international experience in sales, business development and large scale manufacturing operations, Magid took a leading role in several of K&S integrations of acquired businesses.
Dr. David Scheiner (46) replaces Dr. Moshe Finarov, one of Nova's founders, as Chief Technology Officer. Scheiner, an expert in semiconductor processes and a leading scientist in metrology, joined Nova in 1996. He founded the Physics and Applications departments after which he headed Nova's Research and Development Group.
In addition to these changes, Nova's management team benefits from the ongoing contribution of Dov Farkash, Vice President Sales, Dror David, Chief Financial Officer, Boaz Vinogradov, Vice President Strategic Business Development and Sigal Rousso, Human Resources manager.
About Nova
Nova Measuring Instruments Ltd. Develops, designs and produces integrated process control systems in the semiconductor manufacturing industry. Nova provides a broad range of integrated process control solutions that link between different semiconductor processes and process equipment.
The Company's website is www.nova.co.il.
Company Contact:
Dror David, Chief Financial Officer
Nova Measuring Instruments Ltd.
Tel: +972-8-938-7505
E-mail: info@nova.co.il
http://www.nova.co.il
Investor relations Contacts:
Ehud Helft / Kenny Green
GK Investor Relations
Tel: +1-866-704-6710
E-mail :Ehud@gkir.com
Kenny@gkir.com
