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ATMI Atmi Inc. (MM)

33.98
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Atmi Inc. (MM) NASDAQ:ATMI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 33.98 0 01:00:00

ATMI Names Doug Neugold Chief Executive Officer

16/11/2004 12:00pm

PR Newswire (US)


Atmi Inc. (MM) (NASDAQ:ATMI)
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ATMI Names Doug Neugold Chief Executive Officer DANBURY, Conn., Nov. 16 /PRNewswire-FirstCall/ -- ATMI, Inc. (NASDAQ: ATMI), a supplier of materials and materials packaging to the world's leading semiconductor manufacturers, today announced the appointment of Doug Neugold, President and Chief Operating Officer of ATMI, as President and Chief Executive Officer, effective January 1, 2005. Gene Banucci, ATMI Chairman and Chief Executive Officer, said, "Doug Neugold is an outstanding executive who has performed well in a variety of roles since joining the Company in 1998. Most recently he has led the charge in executing our new business model, and I am confident he is fully prepared to lead ATMI through the next stage of its growth." Neugold said, "I am gratified by the Board's vote of confidence, and thrilled to be stepping into this job at an important stage in ATMI's history. Our products are well placed, customer relationships are very strong, and we have a great management team and exceptional employees. With the changes that have taken place over the last two years, we're positioned for great things. I look forward to working with Gene, the rest of the Board, and all of our employees to ensure that ATMI keeps growing." Banucci added, "Since helping found the Company in 1986, I've worked to assure the future of ATMI by training and developing our next generation of executives. Doug Neugold is one of a number of individuals at ATMI who have demonstrated exceptional leadership skills." "The serious semiconductor downturn of 2001-2 required ATMI to adapt to a new strategic reality and a business transformation process was engaged that is now pretty much complete. It includes the sale of our Technologies businesses and the creation of a new business model for ATMI that focuses on materials and materials packaging for advanced semiconductor processes. I view this endpoint as an excellent opportunity for me to focus on the Chairman's role, and to separate it from the CEO position. As Chairman, I will be appropriately engaged with respect to strategy, corporate governance, and interfacing with shareholders." Doug Neugold, 46, is a graduate of Clarkson University. Prior to joining ATMI, he spent 14 years with Johnson-Matthey Corporation where he served in a variety of managerial roles in their electronics materials business, most recently as President of Johnson-Matthey's Semiconductor Packages Group. Since joining ATMI, Doug has served as Vice-President of the SDS product line, Vice- President and General Manager of ATMI's Materials business, and was named President of the Company in 2000. In 2003, Doug was named Chief Operating Officer and elected to the Board of Directors of ATMI. ATMI provides specialty materials and materials packaging to the worldwide semiconductor industry. For more information, please visit http://atmi.com/. Statements contained herein that relate to ATMI's future performance, including, without limitation, statements with respect to ATMI's anticipated results of operations or level of business for 2004, 2005, or any other future period, are forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations only and are subject to certain risks, uncertainties, and assumptions, including, but not limited to: changes in semiconductor industry growth or ATMI's markets; competition, problems, or delays developing and commercializing new products; problems or delays in integrating acquired operations and businesses into ATMI; problems or delays associated with any restructuring activity, including resolution of the various discontinued elements of ATMI's Technologies segment; and other factors discussed in ATMI's filings with the Securities and Exchange Commission. Such risks and uncertainties could cause actual results to differ from those projected. ATMI undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. DATASOURCE: ATMI, Inc. CONTACT: Dean Hamilton, ATMI, +1-203-207-9349 Direct, or, +1-203-794-1100, ext. 4202, Web site: http://www.atmi.com/

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