2 January 2020
Veeco promotes chief accounting officer & treasurer to CFO
Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has promoted senior VP of finance, chief accounting officer & treasurer John P. Kiernan to senior VP & chief financial officer. He succeeds Shubham (Sam) Maheshwari, who recently announced his resignation. Kiernan will now have responsibility for all finance, tax, treasury and investor relations functions.
“John and I have a strong partnership built over the last 15 years,” says CEO William J. Miller Ph.D. “Veeco’s board of directors and I are highly confident in his ability to help execute our transformation strategy and to drive future growth,” he comments. “I would like to thank Sam for his significant contributions to Veeco.”
Since joining Veeco in 1994, Kiernan has held financial leadership roles of increasing responsibility including leading the controller, financial planning and analysis, tax and treasury teams. He also has significant operational experience including international assignments. Before joining Veeco, he was a senior manager at Ernst & Young LLP. Kiernan is a CPA and holds a Bachelor of Science in Accounting from Long Island University.
“John’s exceptional financial acumen, strong leadership qualities and deep understanding of Veeco’s business make him the ideal CFO for the company,” comments Kathleen Bayless, chair of the Audit Committee of Veeco’s board.
“I am excited to be taking on additional responsibilities as we apply Veeco’s high-value technology solutions to capitalize on significant opportunities,” says Kiernan. “I look forward to continuing to partner with Bill and our leadership team as we leverage our technology investments in select growth markets, carefully manage our expenses, and improve our financial performance.”
Veeco’s revenue rebounds in Q3 as 300mm GaN MOCVD cluster system accepted for pilot production