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5 October 2012

IPG appoints Veeco’s CEO to board

High-power fiber-laser and amplifier manufacturer IPG Photonics Corp of Oxford, MA, USA says that John R. Peeler, chairman & CEO of epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA, has joined its board of directors.

The addition of Peeler, who will serve on IPG’s Compensation Committee, temporarily expands IPG’s board to 10 members until the 2013 annual meeting of shareholders.

“The addition of John will further diversify the outstanding talents and wide-range of experience of our current board,” says founder & CEO Dr Valentin Gapontsev. “John has deep experience in managing high-growth technology companies and a wealth of knowledge about the service needs of customers in demanding markets, including semiconductor capital equipment,” he adds. “We look forward to working with John as we continue to expand the presence of our products and technology around the world.” 

IPG also says that William F. Krupke Ph.D. will not stand for re-election at the 2013 annual meeting. “I also want to thank Dr Krupke for his 12 years of service, guidance and dedication to the company and its stockholders,” says Gapontsev.  

Peeler joined Veeco as CEO in July 2007 and was named chairman in May 2012. He spent his early career in engineering, marketing and product development in the communications test equipment industry. He became president & CEO of TTC in 1992 and, through organic growth and a series of acquisitions, he grew the firm into the largest global provider of field service communications test products. TTC evolved into Acterna, which was acquired by JDSU in 2005. Peeler earned a B.S. and Masters Degree in Electrical Engineering and graduated with high distinction from the University of Virginia.

Tags: IPG Veeco



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