Onto Innovation Announces Chief Financial Officer Transition Plan
July 14 2021 - 8:15AM
Business Wire
Steven R. Roth to retire in 2022 following
successor search and successful transition
Onto Innovation Inc. (NYSE: ONTO) (“Onto Innovation”, “Onto”, or
the “Company”) announced today that senior vice president and chief
financial officer, Steven R. Roth, plans to retire from the Company
in 2022, after the completion of a comprehensive search and
successful transition process for his successor. Mr. Roth will
remain fully engaged as CFO and actively participate in the process
to evaluate a full slate of candidates.
Steven Roth, 61, joined Rudolph Technologies in 1996 as chief
financial officer and assumed the CFO responsibilities for Onto
Innovation when Rudolph Technologies and Nanometrics merged in
October 2019.
Roth shared, “It has been a great pleasure to help establish
Onto Innovation and I am extremely proud of our accomplishments. As
I plan for my retirement next year, I am fully committed to making
sure we have a successful transition to the next CFO.”
“Steve has made meaningful and lasting contributions to the
company in his 25 years as a financial leader and CFO, culminating
with the creation of Onto Innovation—the fourth largest wafer
fabrication equipment company in the U.S., and among the top 16
strategic global suppliers to the semiconductor industry,” said
Mike Plisinski, Onto’s chief executive officer. “We are in a very
special market position with a synergistic set of optical products
and solutions serving every secular growth driver in the
semiconductor industry. Our resilient operating model and balance
sheet will provide a strong foundation for the growth we see in the
years ahead.”
About Onto Innovation
Onto Innovation is a leader in process control, combining global
scale with an expanded portfolio of leading-edge technologies that
include: Un-patterned wafer quality; 3D metrology spanning chip
features from nanometer scale transistors to large die
interconnects; macro defect inspection of wafers and packages;
elemental layer composition; overlay metrology; factory analytics;
and lithography for advanced semiconductor packaging. Our breadth
of offerings across the entire semiconductor value chain helps our
customers solve their most difficult yield, device performance,
quality, and reliability issues. Onto Innovation strives to
optimize customers’ critical path of progress by making them
smarter, faster and more efficient. Headquartered in Wilmington,
Massachusetts, Onto Innovation supports customers with a worldwide
sales and service organization. Additional information can be found
at www.ontoinnovation.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the “Act”) which include Onto Innovation’s management plans,
business prospects and momentum, and future growth. Onto Innovation
wishes to take advantage of the “safe harbor” provided for by the
Act and cautions that actual results may differ materially from
those projected as a result of various factors, including risks and
uncertainties, many of which are beyond Onto Innovation’s control.
Such factors include, but are not limited to, the length, severity
and potential business impact of the COVID-19 pandemic, the
Company’s ability to leverage its resources to gain acceptance and
ultimately secure purchase orders for new products; its ability to
weather difficult economic environments and/or political protests;
its ability to open new market opportunities and target high-margin
markets; the strength/weakness of the back-end and/or front-end
semiconductor market segments; fluctuations in customer capital
spending and any potential impact as a result of the novel
coronavirus situation. Additional information and considerations
regarding the risks faced by Onto Innovation are available in Onto
Innovation’s Form 10-K report for the year ended December 31, 2020
and other filings with the Securities and Exchange Commission. As
the forward-looking statements are based on Onto Innovation’s
current expectations, the Company cannot guarantee any related
future results, levels of activity, performance or achievements.
Onto Innovation does not assume any obligation to update the
forward-looking information contained in this press release.
Source: Onto Innovation Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20210714005297/en/
Investor Relations: Michael Sheaffer, +1 978.253.6273
mike.sheaffer@ontoInnovation.com
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