Varian Semiconductor Appoints Dr. Yong-Kil Kim as Vice President & General Manager, Asia Operations
GLOUCESTER, Mass.--(BUSINESS WIRE)--Aug. 30, 2000--Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA - news), a leading supplier of ion implantation systems, today announced the appointment of Yong-Kil Kim, Ph.D., to the new position of vice president and general manager, Asia operations. In this new role, Dr. Kim's responsibilities include his current role as president of Varian Korea Limited, VSEA's Korea subsidiary, and expand to include the VSEA's operations in Taiwan, Singapore, Malaysia and China. He will continue to report to Richard A. Aurelio, VSEA's president and chief executive officer.
Aurelio commented, ``Dr. Kim has been a valuable member of our management team for many years. His recent leadership as president of Varian Korea Limited has been instrumental in our strong market position and in the quality and depth of our customer relationships. This new assignment will allow him to deepen his involvement with customers, operations and company growth throughout Asia.''
Kim remarked, ``It is exciting to take on additional responsibilities in Asia that will contribute to the company's rapid growth. I am looking forward to working with our customers in Taiwan, Singapore, Malaysia and China as I have in Korea, to ensure that VSEA continues to meet customer needs through its technology, market and customer support leadership.''
Yong-Kil Kim joined Varian Associates, Inc. in 1989 and has held managerial positions in research and development, sales and marketing. He became the president of Varian Korea Limited in April, 1999. Prior to joining Varian Associates, Inc. he worked for IBM at the T.J. Watson Research Center. He holds a Ph.D. in materials science from MIT and M.S. and B.S. degrees in metallurgy from Seoul National University.
About Varian Semiconductor:
Varian Semiconductor Equipment Associates, Inc. is an industry leader in designing, manufacturing, marketing and servicing ion implantation systems, semiconductor processing equipment used in the fabrication of integrated circuits. Through the process and productivity advantages of single wafer technology, VSEA is providing chipmakers with high throughput, low cost and maximum yields. The company is based in Gloucester, Massachusetts and maintains offices around the world. Its stock is traded on the NASDAQ National Market System under the symbol ``VSEA.'' Additional information and background is available on VSEA's website www.vsea.com.
Note: This press release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the industry outlook, the company's sales growth, market share, capacity utilization and technological improvements and benefits, and any statements using the terms ``believes,'' ``anticipates,'' ``expects,'' ``plans'' or similar expressions, are forward-looking statements. The forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the short operating history for the company as a separate entity; volatility in the semiconductor equipment industry; significant fluctuations in the company's quarterly operating results; risks associated with the company's transition to a new information technology infrastructure; the impact of rapid technological change and the company's dependence on the development and introduction of new products; the company's concentration on ion implantation systems and related products; concentration in the company's customer base and lengthy sales cycles; the highly competitive market in which the company competes; risks of international sales; foreign currency risks; uncertain protection of patent and other proprietary rights; potential environmental liabilities; the company's reliance on a limited group of suppliers; the ability of the company's suppliers to respond to increased demand for parts; the company's dependence on certain key personnel; as well as other risk factors described from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. The company cannot guarantee any future results, levels of activity, performance or achievement. The company undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
