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Technology Stocks : SEMITOOL (SMTL):Is it a hold?

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To: SemiBull who wrote (964)10/6/2003 7:37:57 PM
From: SemiBull  Read Replies (1) of 973
 
Semitool Appoints Charles P. Grenier as Independent Director and Member of Audit Committee

Monday October 6, 2:42 pm ET

KALISPELL, Mont.--(BUSINESS WIRE)--Oct. 6, 2003--Semitool®, Inc. (Nasdaq: SMTL - News), a leading supplier of wafer surface preparation and electrochemical deposition systems, today announced the appointment of Charles P. Grenier to Semitool's board of directors, filling the vacancy created by the resignation of L. Peter Larson. Grenier's addition returns the number of Semitool directors to eight. He will also serve as a member of the board's audit committee.

"We are delighted to welcome Charlie Grenier to our board," said Ray Thompson, Semitool's president and chief executive officer. "Charlie adds extensive experience in corporate and financial management, and his presence contributes to both the independence of our board and its commitment to the highest standards of corporate governance. He brings the depth of executive leadership that is essential to our ongoing success."

Grenier had been executive vice president of Plum Creek Timber Company, Inc. (NYSE: PCL - News) from 1994 to 2000, and he was a director of that company from 1995 to 2000. Currently, he is a director of Winter Sports, Inc. (OTCBB: WSKI.OB - News).

Grenier graduated from Stanford University with a bachelor of arts in economics, and he holds a masters of business administration from Harvard University.

About Semitool, Inc.

Semitool designs, manufactures and supports high performance, single-wafer and multi-wafer batch wet chemical processing equipment used in the fabrication of semiconductor devices. The company's primary suites of equipment include electrochemical deposition systems for electroplating copper, gold, solder and other metals; surface preparation systems for cleaning, stripping and etching silicon wafers; and wafer transport container cleaning systems. The company's equipment is used in semiconductor fabrication front-end and back-end processes, including wafer level packaging.

Headquartered in Kalispell, Montana, Semitool maintains sales and support centers in the United States, Europe and Asia. The company's stock trades on the Nasdaq National Market under the symbol SMTL. For more information, please visit the company's website at www.semitool.com.

Semitool is a registered trademark of Semitool, Inc.
Contact:

Semitool, Inc.
Larry Viano, 406-752-2107
lviano@semitool.com
or
Investor Relations Partners, Inc.
Shellie Roth, 973-535-8389
roth@irpartners.com

Source: Semitool, Inc.
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