Atmi Inc. (MM) (NASDAQ:ATMI)
Historical Stock Chart
From Jul 2019 to Jul 2024
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/