TRIKON TECHNOLOGIES APPOINTS NEW CHIEF EXECUTIVE OFFICER
NEWPORT, Wales, United Kingdom--(BUSINESS WIRE)--May 29, 1998-- Trikon Technologies, Inc. (NASDAQ:TRKN) announced today the appointment of Tom McKee to the position of chief executive officer.
Chris Dobson will remain as chairman of the board of directors.
"Having completed the company's restructuring and refinancing over the last few months we have now put into place another piece of our strategy to reestablish Trikon as a leading edge competitor in Metallisation, CVD and Etch," said Chris Dobson, chairman.
"Tom's knowledge of the industry, strategic vision and 30 years of experience within the semiconductor equipment industry give him the expertise to leverage our technologies into sales growth and profitability. Tom has demonstrated success at building a leading, advanced technology semiconductor equipment company during his years with Integrated Process Equipment Corp. (NASDAQ:IPEC), a manufacturer of CMP equipment."
McKee left IPEC in January 1998, where he served as president and chief operating officer. McKee has held various senior management positions within the semiconductor industry and was the founder of Semiconductor Systems Inc. in 1982.
"I'm very excited about this opportunity," said McKee, chief executive officer. "Trikon has excellent technologies and field support. There is a strong history of world-class innovation at Trikon. The Engineering, Process and Manufacturing facilities are exceptionally good. Trikon is positioned to capture a significant market presence for leading edge interconnect processing tools."
In addition, McKee has been appointed to the board of directors. He replaces Jeremy Linnert. Linnert will continue as the company's chief financial officer.
Trikon provides a broad line of advanced manufacturing systems used for three of the major processing steps in the manufacture of a semiconductor device: physical vapor deposition (PVD), chemical vapor deposition (CVD) and etch. Trikon's corporate headquarters and main manufacturing site are located in Newport, South Wales, United Kingdom.
"Safe Harbor" Statement Under the Private Securities Litigation Act of 1995: This press release contains certain forward-looking statements, including, but not limited to statements relating to, the effect of the restructuring, refinancing and management changes at Trikon and Trikon's future market presence, sales growth and profitability. These statements are subject to various risks and uncertainties that could cause results to differ materially, including, but not limited to, semiconductor industry conditions and changes in technology. For other risks attendant to Trikon and the semiconductor manufacturing equipment industry, please see the Company's SEC reports, including, without limitation, its annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. |
