Clifford G. Sprague to Retire as Kulicke & Soffa CFO and Maurice Carson Is Hired
Tuesday August 26, 5:33 pm ET
WILLOW GROVE, PA --(MARKET WIRE)--Aug 26, 2003 -- Kulicke & Soffa Industries, Inc. (NasdaqNM:KLIC - News) announced today that Clifford G. Sprague will retire and move to Florida with his family, after more than 14 years as the Company's Chief Financial Officer. Mr. Sprague's successor, Maurice Carson, will join the Company on September 15, 2003. Mr. Carson will serve as Chief Financial Officer reporting to Chairman and Chief Executive Officer, C. Scott Kulicke. The Company also announced that Mr. Sprague suffered a mild heart attack on Thursday, August 21st but he is recuperating quickly and expects to assist in the transition process.
Scott Kulicke said, "We identified Maurice as part of the planning effort that commenced when Cliff advised the Company that he planned to retire, after his successor had completed an appropriate transition."
He continued, "We are extremely pleased that Maurice is joining us. His semiconductor industry background and his experience managing finance and accounting organizations will be tremendously valuable to us and will help to ensure a seamless transition."
During the past seven years, Mr. Carson has held positions of increasing responsibility in the finance function at Cypress Semiconductor Corporation, San Jose, California, culminating in his position as Vice President of Finance and Corporate Controller in 2001. He holds an MBA from the University of Chicago and has also held financial positions at: Ephigraphx, San Carlos, California; Kraft Foodservice, Milwaukee, Wisconsin; and Motorola Corporation, Schaumberg, Illinois
Regarding Mr. Sprague's retirement, Kulicke commented, "Cliff has been a key contributor and a trusted advisor throughout his tenure at K&S. He maintained a culture of financial transparency and integrity that will leave a lasting legacy. We will miss Cliff and we wish him a happy and prosperous retirement."
About Kulicke & Soffa
Kulicke & Soffa (NasdaqNM:KLIC - News) is the world's leading supplier of wire bonding equipment in the semiconductor assembly market. K&S is the only equipment supplier that also develops and manufactures the products that touch a semiconductor chip's wire bonding pad surfaces, starting with electrical testing and ending with specially formed wire interconnections that remain as a part of the chip's package. These products include: test probes; bonding wire; and capillaries, which provide an all-inclusive interconnect process when used with the company's wire bonding equipment. In addition, the company offers Flip Chip wafer bumping services and technology. Chip scale and wafer level packaging solutions include Ultra CSP® technology. Test interconnect products include standard and vertical probe cards, ATE interface assemblies and ATE boards for wafer testing, as well as test sockets and contactors for all types of packages. Kulicke & Soffa's web site address is www.kns.com.
For further information, please contact Michael Sheaffer of Kulicke & Soffa Industries, Inc., +1-215-784-6411, or msheaffer@kns.com.
Contact:
Contact: Michael Sheaffer
Company: Kulicke & Soffa Industries, Inc.
Voice: 215-784-6411
Email: msheaffer@kns.com
Source: Kulicke & Soffa |
