ESI Announces Resignation of CFO: Barry Harmon
PORTLAND, Ore., Jan. 8 /PRNewswire/ -- Electro Scientific Industries, Inc. (Nasdaq: ESIO - news) today announced the resignation of Mr. Barry Harmon, ESI's Chief Financial Officer, effective January 15, 1998.
''Barry has made many valuable contributions to ESI's growth and success during his nearly seven years with the company, and I regret that he has made the decision to leave the ESI team,'' commented Donald R. VanLuvanee, ESI's President & CEO. ''With Barry's assistance, ESI has grown from $50 million in annual revenues in 1992 to nearly $230 million in 1998, with a strong financial base.''
Mr. VanLuvanee will assume the position of acting CFO, for the near-term. In this regard Mr. VanLuvanee said, ''We are actively evaluating options to fill this important position, but I am confident in the capability of the organization that Barry has built at ESI.''
Mr. VanLuvanee continued, ''Barry will be missed, but I wish Barry well in his return to the Seattle area and in the new opportunity that he is pursuing.''
About ESI
ESI, headquartered in Portland, Oregon, designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems. Electro Scientific Industries is traded on the Nasdaq National Market System under the symbol, ''ESIO.'' ESI's web site is esi.com.
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