Paul E. Otth Elected Chairman of the Board
Balzers, Liechtenstein and Syracuse, New York - May 26, 2004 - INFICON (SWX Swiss Exchange and NASDAQ: IFCN), a leading manufacturer of vacuum instrumentation and process control software for the semiconductor and vacuum coating industries as well as other industrial applications, today announced that Paul E. Otth has been elected chairman of the board of directors. Mr. Otth, who has been a member of the board since 2000 and served as vice chairman since 2002, will assume this responsibility for one year, after which it is planned that a new chairman will be named.
Mr. Otth was chief financial officer and a member of the executive board of Unaxis Holding AG from 2000 until 2002. Prior to that, he served as chief financial officer and a member of the group board of Siemens Building Technologies. Mr. Otth, a certified public accountant, also holds directorships in Swiss Rail, Ascom Holding AG, Swissquote Group Holding AG, ESEC Holding AG, and EAO Holding AG.
As previously announced, John Grad, formerly chairman of the board, as well as board members James Brissenden and Kurt M�ck, resigned from the INFICON board of directors effective as of the company's Annual General Meeting 2004. As a result of these changes, the company's board is now made up of five rather than seven members.
Lukas Winkler, president and chief executive officer, commented, "Paul Otth, who has been a valuable resource for INFICON since joining our board four years ago, has a wealth of experience and ability that will help us take our business forward. I would also like to express our deep appreciation to our previous chairman, John Grad, and to board members James Brissenden, who also served as president and CEO for many years, and Kurt M�ck. John, Jim and Kurt were instrumental in creating a strong foundation for INFICON that will serve us well as we continue building the company."
About INFICON
INFICON is a leading developer, manufacturer and supplier of innovative vacuum instrumentation, critical sensor technologies, and process control software for the semiconductor and vacuum coating industries. These analysis, measurement and control products are vital to original equipment manufacturers (OEMs) and end-users in the complex manufacturing of semiconductors, flat panel displays, magnetic and optical storage media, and precision optics. INFICON also provides essential instrumentation for gas leak detection and toxic chemical analysis to the air conditioning/refrigeration, emergency response and industrial hygiene markets. Headquartered in Syracuse, New York, INFICON has manufacturing facilities in the United States and Europe and worldwide offices in the U.S., China, France, Germany, Israel, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. For more information about INFICON and its products, please visit the Company's website at www.inficon.com.
Mr. Otth was chief financial officer and a member of the executive board of Unaxis Holding AG from 2000 until 2002. Prior to that, he served as chief financial officer and a member of the group board of Siemens Building Technologies. Mr. Otth, a certified public accountant, also holds directorships in Swiss Rail, Ascom Holding AG, Swissquote Group Holding AG, ESEC Holding AG, and EAO Holding AG.
As previously announced, John Grad, formerly chairman of the board, as well as board members James Brissenden and Kurt M�ck, resigned from the INFICON board of directors effective as of the company's Annual General Meeting 2004. As a result of these changes, the company's board is now made up of five rather than seven members.
Lukas Winkler, president and chief executive officer, commented, "Paul Otth, who has been a valuable resource for INFICON since joining our board four years ago, has a wealth of experience and ability that will help us take our business forward. I would also like to express our deep appreciation to our previous chairman, John Grad, and to board members James Brissenden, who also served as president and CEO for many years, and Kurt M�ck. John, Jim and Kurt were instrumental in creating a strong foundation for INFICON that will serve us well as we continue building the company."
About INFICON
INFICON is a leading developer, manufacturer and supplier of innovative vacuum instrumentation, critical sensor technologies, and process control software for the semiconductor and vacuum coating industries. These analysis, measurement and control products are vital to original equipment manufacturers (OEMs) and end-users in the complex manufacturing of semiconductors, flat panel displays, magnetic and optical storage media, and precision optics. INFICON also provides essential instrumentation for gas leak detection and toxic chemical analysis to the air conditioning/refrigeration, emergency response and industrial hygiene markets. Headquartered in Syracuse, New York, INFICON has manufacturing facilities in the United States and Europe and worldwide offices in the U.S., China, France, Germany, Israel, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom. For more information about INFICON and its products, please visit the Company's website at www.inficon.com.
