Cascade Microtech Announces Leadership Transition Plan.BEAVERTON, Ore. -- Cascade Microtech (Nasdaq:CSCD CSCD Community Supervision & Corrections Department (Harris County, Texas) CSCD Cascade & Columbia River Railroad CSCD CTAS Software Change Document CSCD Coupling-Strength-Control Defect ) announced today a planned succession and search for a new Chief Executive Officer. Cascade's Chairman and Chief Executive Officer, Eric W. Strid, plans to transition from his current role to the position of Chairman and Chief Technical Officer upon the hiring of the new Chief Executive. Mr. Strid commented, "My first love in co-founding Cascade was and still is solving customer problems with great new probing technologies. Cascade Microtech has grown from a startup in 1984 to a worldwide technology leader in wafer probing. I am very supportive and excited to see Cascade move to the next growth phase with a strong new chief executive." F. Paul Carlson Paul Carlson (March 31, 1928 – November 24, 1965) was a medical missionary of the Evangelical Covenant Church that served in Wasolo, a city in what is now the Democratic Republic of the Congo. , Cascade Microtech's Lead Director, commented, "We will search for a 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. who has the leadership and vision qualifications to grow Cascade to a much larger company. We have a very involved Board that will work with Eric and the management team to ensure a smooth transition." The COO search previously announced on the July 24 earnings conference call will instead become a CEO search. About Cascade Microtech Cascade Microtech, Inc. (NASDAQ:CSCD) is a worldwide leader in the precise electrical measurement and test 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. (ICs) and other small structures. For technology businesses and scientific institutions that need to evaluate small structures, Cascade Microtech delivers access to, and extraction of, electrical data from wafers, integrated circuits (ICs), IC packages, circuit boards and modules, MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. , biological structures, electro-optic devices and more. Cascade Microtech's leading-edge semiconductor production test consumables include unique probe cards A probe card is an interface between an electronic test system and a semiconductor wafer. Its purpose is to provide an electrical path between the test system and the circuits on the wafer, thereby permitting the testing and validation of the circuits at the wafer level, usually and test sockets that reduce manufacturing costs of high-speed and high-density semiconductor chips. Information about Cascade Microtech can be found on the Web at www.cascademicrotech.com. |
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