Axcelis Names William C. Jennings to Board of Directors.Business Editors/High-Tech Writers BEVERLY, Mass.--(BUSINESS WIRE)--March 7, 2003 Axcelis Technologies Axcelis Technologies, Inc. NASDAQ: ACLS engages in the design, manufacture, and servicing of capital equipment for the semiconductor manufacturing industry worldwide. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ACLS ACLS abbr. advanced cardiac life support ) announced today that William C. Jennings has joined the company's board of directors, bringing more than 38 years of business management experience to the team. "We are very pleased to welcome Bill Jennings Bill Jennings (born June 28, 1917 in Toronto, Ontario) is a retired professional ice hockey player who played 108 games in the National Hockey League. He played for the Detroit Red Wings and Boston Bruins. to our board of directors," said Stephen R. Hardis, chairman of Axcelis Technologies. "Bill brings both a strategic outlook as well as extensive experience in finance, risk management and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. , and will be a great asset to our board." Jennings is a former partner of PriceWaterhouseCoopers, and most recently led the company's Risk Management and Internal Controls Consulting Practice. Previously, he served as chief financial officer of Bankers Trust and senior executive vice president at Shearson Lehman Brothers. Jennings has also served on the boards of directors of several companies, including Intellisource, Inc., US Interactive, Inc. and The Merger Fund, a public mutual fund. Throughout his career, Jennings has been active in many civic, educational and charitable organizations including the Committee for Economic Development, University of Akron Enrollment in fall 2006 was 23,539 students.[1] The school offers more than 200 undergraduate degrees [2] and 100 graduate degrees [3]. The University's best-known program is its College of Polymer Science and Polymer Engineering, which is located in a Foundation, and the American Council for Drug Education. He received his bachelor's degree from the University of Akron, and his master's of business administration from the University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes. . About Axcelis Technologies, Inc. Axcelis Technologies, Inc., headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation, rapid thermal processing Rapid Thermal Processing (or RTP) refers to a semiconductor manufacturing process which heats silicon wafers to high temperatures (up to 1200 C or greater) on a timescale of several seconds or less. , and cleaning and curing systems. Axcelis Technologies has key technology centers in Beverly, Massachusetts, and Rockville, Maryland as well as in Toyo, Japan through its joint venture, SEN. The company's Internet address is: www.axcelis.com. Forward-Looking Statements This press release includes certain statements, known as "forward-looking statements," which express the current expectations of Axcelis management. Certain risks and uncertainties could cause actual results to differ materially from those currently anticipated as expressed in this press release. Among other factors, such risks and uncertainties include the continuing demand for semiconductor equipment, relative market growth, continuity of business relationships with major customers, competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and global economic and financial conditions. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed by Axcelis and in other filings from time to time with the Securities and Exchange Commission. |
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