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ESI elects Harmon and Rivlin to new vice president positions.

PORTLAND, Ore.--(BUSINESS WIRE)--Feb. 24, 1995--Donald R. VanLuvanee, president and CEO of Electro Scientific Industries Inc. (NASDAQ:ESIO) announced today the election of Barry L. Harmon to the position of senior vice president and CFO and Joseph Rivlin to the position of vice president of ESI's laser trimming products business unit.

Harmon has been with ESI since 1992 and most recently vice president of finance and CFO. According to VanLuvanee, "This promotion underscores the importance of Barry's role in enhancing ESI's financial position since joining the company."

Harmon has revamped ESI's financial management scheme and staffed the finance group with a solid team of professionals. This team, under the leadership of Harmon, has been instrumental in a number of activities, including the acquisition of Chicago Laser Systems Inc. and a secondary stock offering which raised more than $23 million. Prior to joining ESI, Harmon held management positions with Citibank and Arthur Andersen & Co. and is a graduate of Washington State University.

Rivlin, who joined ESI in 1994, is responsible for the combined product offerings of the recently acquired Chicago Laser Systems and ESI's laser trimming group. These products are marketed to the hybrid and multichip module markets and are used for trimming and fine-tuning of circuit assemblies used in automobiles, telecommunications and home entertainment products. According to VanLuvanee, "ESI is fortunate to have Joe on our senior management team with his successful high-technology experience." Prior to joining ESI, Rivlin was vice president of sales and service of Solbourne Computer and president and CEO of XRL Inc. His other experience includes management positions with GenRad Inc., Fairchild Camera and Instrument Corp. and Veeco Instruments Inc. and he is a graduate of the City University of New York.

ESI, with headquarters in Portland, designs and manufactures sophisticated products used around the world in electronics production including: laser manufacturing systems for semiconductor yield improvement; laser trimming systems for precise electrical tuning of circuits; precision laser machining systems; and machine vision systems. The Palomar Systems Inc. subsidiary of ESI, based in Escondido, Calif., designs and builds production and test equipment for the manufacture of ceramic capacitors. The Chicago Laser System Inc. subsidiary based in Des Plaines, Ill., manufactures laser trim systems and parts handlers for the thick-film microelectronics and surface mount technology industries.

CONTACT: Electro Scientific Industries Inc., Portland, Ore.

Larry Rapp, 503/671-5446 (IR)

or

Joe Reinhart, 503/671-5500 (PR)
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Publication:Business Wire
Date:Feb 24, 1995
Words:398
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