Attached files
| file | filename |
|---|---|
| 8-K - KULICKE & SOFFA INDUSTRIES INC | v193070_8k.htm |
| EX-10.1 - KULICKE & SOFFA INDUSTRIES INC | v193070_ex10-1.htm |
Exhibit
99.1
 |
Kulicke
& Soffa Industries Inc.
1005
Virginia Drive
Fort
Washington, PA 19034 USA
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215-784-6000
phone
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215-659-6001
fax
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www.kns.com
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Kulicke
& Soffa Industries, Inc. CEO Will Retire on September 30, 2010; Bruno
Guilmart is
Appointed
New President and CEO
Fort
Washington, PA – August 6, 2010 – Kulicke &
Soffa Industries, Inc. (NASDAQ: KLIC) (“K&S” or the “Company”)
announced today the election of Bruno Guilmart as President and Chief Executive
Officer of the Company and the planned retirement of C. Scott Kulicke as Chief
Executive Officer, both effective September 30, 2010. Mr. Kulicke
will also retire from the Company's Board of Directors and the Board has elected
Mr. Guilmart to fill Mr. Kulicke's seat. MacDonell Roehm, an
independent director, will remain non-executive Chairman of the Board of
Directors.
Mr.
Kulicke has been CEO since 1979. As previously announced, late last
year, he informed the Board that he intended to retire no later than June of
2011. "Leaving will be difficult. Besides the host of
ongoing projects and programs that will make K&S an even better company,
I’ll miss the talented and dedicated team of K&S employees around the world
who have made the company so successful.” Mr. Kulicke continued, "The
Board conducted a comprehensive search for my successor, considering many strong
candidates, both internal and external. Bruno is a great
choice. Given his industry experience, his drive and his technology
expertise, I am confident in his ability to lead K&S into the
future."
Mr. Roehm
remarked, “Bruno Guilmart has a strong track record as a CEO in the
semiconductor industry, successfully leading companies in both the U.S. and
Asia. He is uniquely positioned to build on Scott’s legacy and extend
K&S’s leadership position in our industry.” Mr. Roehm continued,
“As a director for over 25 years, I have been privileged to observe the
evolution of Kulicke & Soffa in terms of product innovation, technological
excellence, and best management practices, all of which have been driven under
the aegis of Scott’s leadership. The industry in general and K&S
in particular will miss Scott’s knowledge base and wisdom. We wish
him well during his retirement."
Mr.
Kulicke will stay with the Company in an advisory capacity to ensure a smooth
management transition.
Bruno
Guilmart was CEO of Lattice Semiconductor from June 2008 until resigning to join
K&S. Before joining Lattice, Mr. Guilmart was CEO of the Unisem
group, a publicly listed company in Malaysia with over 10,000 worldwide
employees. Mr. Guilmart was, until his appointment with Unisem, President and
CEO of Advanced Interconnect Technologies (AIT), a TPG-Newbridge company
acquired by Unisem in July 2007. Prior to AIT, Mr. Guilmart was senior vice
president for worldwide sales and marketing at Chartered Semiconductor
Manufacturing. Mr. Guilmart holds a master's degree in electronics
and business management and a bachelor's degree in electrical engineering from
the Paris XI Institute of Technology in France. Mr. Guilmart has lived and
worked in Asia, the U.S. and Europe.
Mr.
Guilmart will reside in Singapore, the center of the Company's global
operations. The Company will migrate other headquarters functions to
Singapore in fiscal 2011.
The
Company's common shares will continue to be listed of the NASDAQ Stock
Market.
About Kulicke &
Soffa
Kulicke
& Soffa (NASDAQ: KLIC) is a global leader in the design and manufacture of
semiconductor and LED assembly equipment. As a pioneer in this industry, K&S
has provided customers with market leading packaging solutions for decades. In
recent years, K&S has expanded its product offerings through strategic
acquisitions, adding die and wedge bonders and a broader range of expendable
tools to its core ball bonding products. Combined with its extensive expertise
in process technology, K&S is well positioned to help customers meet the
challenges of assembling the next-generation semiconductor and LED devices.
(www.kns.com)
Contacts:
Kulicke
& Soffa Industries, Inc.
Joseph
Elgindy
Investor
Relations
P: (215)
784-7518
F: (215)
784-6180
jelgindy@kns.com
Headgate
Partners LLC
Claire E.
McAdams
P: (530)
265-9899