August Technology Announces Change in Management.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--May 10, 2002 August Technology Corporation (Nasdaq:AUGT) today announced the resignation of Tom Velin, chief financial officer. Mr. Velin's resignation is effective immediately as he leaves to attend to personal and family matters that require his full attention. "Tom has been a valuable contributor to the company over the past 3+ years," stated Jeff O'Dell, August Technology's chairman and 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. . "He played an active role in the Company's initial public offering in June of 2000, as well as the ongoing financial and investor relations Investor relations The process by which the corporation communicates with its investors. activities required by a newly public company. We thank Tom for his many contributions to the Company and wish him well as he makes this transition." In Mr. Velin's absence, Corporate Controller Scott Gabbard will serve as acting CFO See Chief Financial Officer. managing financial responsibilities, while other business matters and investor relations will be divided between Jeff O'Dell, CEO and David Klenk, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . August Technology Corporation, based in Bloomington, Minnesota Bloomington is a city in Hennepin County, Minnesota, and a southern suburb of Minneapolis. As of 2005, it had a population of 84,347, making it the largest Twin Cities suburb, and the fifth largest city in the state[1]. , is a leading supplier of automated visual defect inspection equipment for the microelectronics industry and has established service and sales representation in all major microelectronics manufacturing markets worldwide. The inspection solutions designed, manufactured and marketed by August Technology provide microelectronic device manufacturers with cost-saving quality and process information. August Technology is a founding member of the Advanced Packaging and Interconnect Alliance (APiA) and an active member of the Die Products Consortium (DPC DPC Department of Premier and Cabinet (Victoria, Australia) DPC Dutch Power Cows DPC Deferred Procedure Calls (Microsoft Windows NT 4. ). Additional information can be found by visiting August Technology's web site at www.augusttech.com. |
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