Advanced Interconnect Technologies Names Clyde R. Hosein as Senior Vice President, Finance and Administration and Chief Financial Officer.Business Editors & High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--Dec. 3, 2001 Advanced Interconnect Technologies Inc. (AIT), a global leader in semiconductor assembly and test services, today announced the appointment of Clyde R. Hosein as senior vice president, finance and administration and chief financial officer (CFO See Chief Financial Officer. ). Hosein will report to Ralph Duceour, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of AIT. His responsibilities will include managing the company's financial operations, as well as corporate finance, human resources, administration and information systems. Hosein will also play a key role in the company's strategic acquisitions and investor relations Investor relations The process by which the corporation communicates with its investors. . "We are delighted to have Clyde join AIT. Building on our already strong executive management team, this appointment will help us achieve our goal of becoming one of the top semiconductor sub- contractor suppliers worldwide," said Duceour. "Clyde brings valuable experience to the position of senior vice president, finance and administration and CFO with his knowledge of the industry and strong financial management experience. He will undoubtedly guide AIT through our upcoming growth stages." Hosein brings more than 20 years of financial management experience to the senior vice president, finance and administration and CFO position at AIT. Prior to joining AIT, Hosein served as CFO for Candescent can·des·cence n. The state of being white hot; incandescence. [From Latin cand  sc Technologies Corp. (San Jose, Calif.). Hosein also held several financial and operational management positions with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp. during his 14 years with the company, most recently as manufacturing controller of IBM's Storage Systems Division. He earned a bachelor's degree in industrial engineering from Polytechnic University, New York and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance and international business from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the , Stern School of Business. About Advanced Interconnect Technologies Inc. (AIT) Advanced Interconnect Technologies is a global provider of semiconductor assembly and test services for the world's most successful electronics companies. The company's turn-key services include design, assembly, testing, failure analysis and electrical and thermal characterization. AIT has received recognition for its field service and product yields from industry leaders, including Motorola, Siemens, Exar, ON Semiconductor and Infineon Technologies. The company is also ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001:2000, ISO 9002 and ISO 14001 certified. With approximately 5,000 employees worldwide, AIT has factory locations in Hong Kong; Batam, Indonesia; Austin, Texas; Sunnyvale and Manteca, Calif. The company has headquarters in Pleasanton. For more information about the company, its products and services, visit its Web site at www.aitsales.com. Note to Editors: Reader inquiries publish: salesweb@aitna.com. Photo available upon request, contact Penny Capra at 949/428-3878. |
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