George W. Chamillard Elected to Varian Semiconductor's Board
GLOUCESTER, Mass.--(BUSINESS WIRE)--Jan. 4, 2001--Varian Semiconductor Equipment Associates, Inc. (NASDAQ: VSEA - news) today announced that George W. Chamillard, chairman and chief executive of Teradyne, Inc., has been elected a member of its Board of Directors.
Chamillard has been CEO of Teradyne since 1997 and assumed the additional office of chairman in June 2000. An engineer by profession, he has been with Teradyne since 1984.
``George Chamillard brings extensive market knowledge and strong industry experience to our board,'' said Richard A. Aurelio, president and chief executive officer of Varian Semiconductor. ``We will benefit from his energy, focus and expertise. We are delighted to welcome him to our board.''
Chamillard is a director of the Semiconductor Equipment and Materials Institute (SEMI) and a director of the Semiconductor Industry Suppliers Association (formerly, SEMI/SEMATECH). He is also vice chairman of the Massachusetts High Technology Council, a director of the Center for Quality of Management and a member of the Governor's Board of Economic Advisors for the Commonwealth of Massachusetts. He sits on the Board of Corporators of the Wentworth Institute and serves on the Corporation Visiting Committee for the Engineering Systems Division of the Massachusetts Institute of Technology as a Presidential Nominee. He is also a director of Manufacturer's Services Limited.
Chamillard received both bachelor of science and masters of business administration degrees from Northeastern University.
About Teradyne
Teradyne (NYSE: TER - news) is the world's largest supplier of automatic test equipment, related software and high performance interconnection systems for the electronics, telecommunications and Internet industries. 1999 sales were $1.8 billion, and there are currently more than 8,500 Teradyne employees worldwide. Teradyne products are used to test semiconductors, circuit assemblies, telephone lines and broadband networks. Teradyne's backplane assemblies and high-density connectors are used in the communications and computing systems central to the Internet infrastructure. More than 70 percent of the company's business is driven by Internet growth.
About Varian Semiconductor
Varian Semiconductor Equipment Associates is a leading producer of ion implantation equipment used in the manufacture of semiconductors. The company is headquartered in Gloucester, Massachusetts, and operates from three manufacturing sites and twenty-six worldwide offices. Varian Semiconductor maintains a website at 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 company's intention to repurchase shares of its common stock from time to time under the stock repurchase program and the intended use of any repurchased shares are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the market price of the company's stock prevailing from time to time, the nature of other investment opportunities presented to the company from time to time, the company's cash flows from operations, general economic conditions, and other factors identified in the company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q 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. |
