Tegal Announces Retirement of Robert Hery and Names Michael Parodi Chairman.PETALUMA, Calif.--(BUSINESS WIRE)--March 23, 1999--Tegal Corporation (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 NM: TGAL TGAL Think Globally, Act Locally Tgal Thousand gallons ) reported today that Robert V. Hery, formerly a director and chairman of the company's board of directors, has announced his retirement from those positions and is no longer associated with the company. Michael L. Parodi, currently serving as president and chief executive officer (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. ), was elected to the additional position of chairman of the board. "Bob's approaching retirement was announced last year and, as such, was fully expected and planned for by Tegal," commented Parodi. "The transition has been smooth, seamless and orderly. Bob's vision and leadership, significant accomplishments and tireless dedication over the past eight years will always be appreciated and remembered. I am confident that my industry experience, leveraged in tandem with our strong management team and Tegal's position as the market leader in emerging materials etch, will enable us to lead the company forward to meet our growth objectives." Bob Hery began his tenure at Tegal in 1990 with his appointment as director of the company. The following year, he assumed the additional roles of president and CEO. He led Tegal through a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in October 1996. Prior to joining Tegal, Hery was president and CEO of AMOT AMOT Aegis Master Operability Test AMOT ATES Master Operability Test Controls, an international manufacturer of machinery control components. Before joining AMOT Controls, he served as vice president and general manager of KLA KLA Kosovo Liberation Army KLA Key Learning Area (NSW Department of Education) KLA Kansas Livestock Association (Topeka, KS) KLA Kentucky Library Association KLA Kansas Library Association Instruments, and helped form the company's Wafer Inspection Systems Division. His career has also included various executive management positions with MAI/Basic Four, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Motorola and several other high technology start-ups. A 29-year industry veteran, Mike Parodi joined Tegal in December 1997. Prior to Tegal, Parodi was chairman, president and CEO of Semiconductor Systems (SSI), where he guided the company through a successful merger with FSI International. Prior to SSI, he held various executive and senior management positions with General Signal, Signetics, Raytheon, Fairchild Semiconductor and National Semiconductor. Parodi is a member of the boards of Semiconductor Equipment and Materials International Semiconductor Equipment and Materials International (SEMI) is a trade organization of manufacturers of equipment and materials used in the fabrication of semiconductor devices such as integrated circuits, transistors, diodes, and thyristors. (SEMI) and the U.S. Display Consortium. Tegal Corporation, headquartered in Petaluma, California, is a leading designer and manufacturer of plasma etch systems used in the production of integrated circuits (ICs), particularly in the burgeoning emerging materials area. Etching is a key process and must be repeated multiple times in the production of these devices. Tegal markets and services its systems in all major IC-producing regions of the world. More information is available on the Internet at www.tegal.com. |
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