NEWS For Immediate Release
Company Contacts:
Media:
Henri Van Parys 215-784-6818
Analysts:
Jim Chiafery 215-784-6436
Kulicke & Soffa Announces Organization Change
Willow Grove, PA, March 9, 1998-Kulicke & Soffa Industries Inc. (NASDAQ: KLIC) announced Monday that Asuri Raghavan, Senior Vice President of Kulicke & Soffa and President of the Equipment Division, is leaving the company. "Rags has been one of our key contributors over the years and, as much as we will miss him, we're excited for him that he is being given the chance to run a public company. We wish him well in his next undertaking," said C. Scott Kulicke, chairman and chief executive officer of Kulicke & Soffa Industries, Inc., who will assume the responsibilities of President of the Equipment Division on an interim basis.
Kulicke & Soffa is the world's largest supplier of semiconductor assembly equipment. The company serves the integrated circuit assembly market with a product line that includes wire bonding, die bonding, wafer dicing and factory automation equipment, as well as expendable tools and materials, including bonding wire, capillaries, wedges, die collets and saw blades, and has sales and service facilities worldwide. The company's website address is www.kns.com.
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