Asyst Technologies Announces Appointment of Geoffrey G. Ribar as Chief Financial Officer.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--Aug. 21, 2001 Asyst Technologies, Inc. (Nasdaq NM:ASYT), the leading provider of Standard Mechanical Interface (SMIF SMIF Standard Mechanical Interface SMIF Stream-based Model Interchange Format SMIF Shared Materials Instrumentation Facility (Duke University) SMIF Stanford Management Internship Fund SMIF SMAD4-Interacting Transcription Factor )-based automation manufacturing systems, announced today that Geoffrey G. Ribar has joined the company as Senior Vice President and Chief Financial Officer. Mr. Ribar joins Asyst after having held a number of executive positions of increasing responsibility in corporate finance for several Silicon Valley companies including Advanced Micro Devices, Inc. (AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ), NVIDIA Corporation, Packard Bell NEC (Packard Bell, The Netherlands, www.packardbell.com) A major PC manufacturer that is the consumer brand of NEC Computers International and the home computing market leader in the U.K. and much of Western Europe. Inc. and most recently, iBeam Broadcasting Corporation, where he was Chief Financial Officer. Mr. Ribar joined AMD in 1982 as a Product Line Analyst and rapidly progressed through a number of positions of increasing managerial responsibility, culminating in his appointment as Vice President and Corporate Controller in 1995. In this position, he was directly responsible for developing and maintaining financial control systems that assured the operational and financial performance of AMD as it grew into a multi-billion dollar company. In subsequent assignments as Chief Financial Officer at NVIDIA Corporation and Packard Bell NEC Inc., Mr. Ribar added responsibility for tax, treasury and investor relations Investor relations The process by which the corporation communicates with its investors. . Most recently, at iBeam Broadcasting Corporation, Mr. Ribar was responsible for managing all the day to day and strategic financial activities for a publicly held company operating in a highly volatile market space. Mr. Ribar holds the degrees of BS in Chemistry 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 from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. . Dr. Mihir Parikh, chairman and chief executive officer of Asyst, noted, "In his various executive management positions, Geoff has had responsibility for the total range of financial activities associated with dynamic, growing companies. Geoff's experiences throughout his career also give him a broad understanding of both technology and our customers' businesses. These experiences, coupled with his leadership skills, will complement the current management team at Asyst and will help position Asyst for continued success in the future." Mr. Ribar joins Asyst immediately and will work closely with Mr. Doug McCutcheon, former CFO See Chief Financial Officer. , during a transition period that will continue throughout the current quarter. It was previously announced that Mr. McCutcheon would be leaving Asyst to pursue other personal and career interests. "During the past six years, Doug has been instrumental in driving the profitable growth of the company," said Parikh. "We are indebted to him for his significant contributions as a leader, colleague and strong executive during this period of high growth. We are delighted to have someone of Geoff's caliber and experience join Asyst, and are fortunate that Doug will assist us to achieve a smooth transition." About Asyst: Asyst Technologies, Inc. is a leading provider of integrated automation systems for the semiconductor manufacturing industry, which enable semiconductor manufacturers to increase their manufacturing productivity and protect their investment in silicon wafers during the manufacture of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , or ICs. Through its "Value-Assured Fab" strategy, Asyst offers a broad range of 200mm and 300mm solutions that enable the safe transfer of wafers and information between the process equipment and the fab line throughout the IC fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. process, while reducing IC damage caused by human, environmental, mechanical and chemical factors. Encompassing isolation systems, work-in-process materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , substrate-handling robotics, automated transport and loading systems, and connectivity automation software, Asyst's modular, interoperable The ability for one system to communicate or work with another. See interoperability. solutions allow chipmakers and original equipment manufacturers, or OEMs, to select and employ the value-assured, hands-off manufacturing capabilities that best suit their needs. Asyst's homepage is http://www.asyst.com |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion