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Technology Stocks : FSII - The Worst is Over?

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To: SemiBull who wrote (2735)12/17/2002 11:49:37 AM
From: SemiBull  Read Replies (1) of 2754
 
FSI International Appoints Stefano Avezzu Vice President and General Manger of European Business

Tuesday December 17, 8:00 am ET

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 17, 2002--FSI International, Inc. (Nasdaq:FSII - News) today announced that it has named Stefano Avezzu vice president and general manager of its European operations. In this new role, Mr. Avezzu will facilitate the alignment of FSI's portfolio of products, services and logistics operations to meet regional customer requirements. He will manage the company's European operations from FSI's office in Milan, Italy.

The appointment comes in connection with FSI's recent announcement regarding the early termination of its distribution agreements in Europe and the Asia-Pacific region with Metron Technology (Nasdaq:MTCH - News). Effective March 1, 2003, FSI will directly handle the sales, service and applications support for its products in those regions. FSI assumed the role of distributor for its own products in response to customer requests for stronger direct global capabilities.

"We are pleased to welcome Stefano to FSI's European team. His extensive background in the semiconductor capital equipment industry combined with his hands-on experience and knowledge of European customer needs in the areas of sales, service, applications and logistics support make Stefano an ideal fit for this position," commented Dean Duffy, vice president of sales and service at FSI. "As a long-time employee of Metron Technology, Mr. Avezzu's organizational understanding will help to facilitate a smooth transition of European-based business to our direct operations model."

Prior to joining FSI, Mr. Avezzu served at Axcelis Technologies as the global account manager for STMicroelectronics. Previous to his role at Axcelis, Mr. Avezzu was with Metron Technology for nearly 15 years in various sales and management positions leading to his role as general manager for Metron's Italian operations. He has also served as a process engineer in photolithography and ion implantation at STMicroelectronics.

FSI International Inc., a global supplier of wafer cleaning and resist processing equipment and technology, delivers economic and technical advantages for current and emerging microelectronics manufacturing challenges. Using the company's broad portfolio of products, which include immersion, spray, vapor and CryoKinetic systems for wafer cleaning, and resist processing systems for wafer coating and developing, customers are able to efficiently achieve their goals. FSI's customers include microelectronics manufacturers located throughout North America, Europe, Japan and the Asia-Pacific region.

FSI is a 2002 recipient of the VLSI Research 10 BEST Award. In seven of the last ten years, FSI has been recognized for its superior customer satisfaction in the category of Small Suppliers of Wafer Processing Equipment.

FSI maintains a Web site at www.fsi-intl.com.

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Contact:
FSI International Inc., Minneapolis
Trade Media:
Laurie Walker, 952/448-8066
or
Financial Media and Investors:
Benno Sand, 952/448-8936

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Source: FSI International Inc.
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