News: Optoelectronics
3 June 2024
Coherent appoints Jim Anderson as CEO as Mattera retires
The board of directors of materials, networking and laser technology firm Coherent Corp of Saxonburg, PA, USA has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as CEO. Anderson also joins the board. He succeeds Dr Vincent D. (Chuck) Mattera Jr, who is retiring as chair & CEO.
Anderson joins Coherent from Lattice Semiconductors, where he was president, CEO & board member. As CEO, he was responsible for driving Lattice’s corporate strategy and strengthening its product roadmap, achieving record operating profits and gross margins.
Picture: Coherent’s new CEO & board member Jim Anderson.
“Jim’s business acumen and technical capability, coupled with his extensive experience transforming complex global businesses to deliver above-market growth and profitability, make him the ideal leader to steer Coherent through its next chapter amidst a rapidly changing market,” believes board chair Enrico DiGirolamo. “Coherent will benefit from Jim’s operational expertise, innovation-first approach and in-depth knowledge of our market and platform, as we capitalize on the strong market demand we see across our AI-related datacom portfolio and improving industrial market, while leveraging our diversification strategy that continues to serve us well,” he adds.
“With cutting-edge innovation, an industry-leading platform, and an intense focus on the customer, Coherent is exceptionally well positioned to build on its existing momentum and deliver enhanced profitable growth over the long term,” comments Anderson.
“Chuck Mattera has been in and around this industry for almost half a century, conceptualizing and directing the acquisition and business development strategy that made Coherent the multi-billion-dollar global entity it is today,” says DiGirolamo. “Chuck thoughtfully forged meaningful relationships with employees, customers, suppliers, government officials, key partners and shareholders that established a values-based foundation.” he adds, “I have the privilege of thanking Chuck for his many years of visionary leadership, tireless execution and energetic commitment to redefining the possibilities of our industry.”
Prior to joining Lattice in 2018, Anderson was senior VP & general manager of Advanced Micro Devices’ Computing and Graphics business group. He previously held leadership positions in general management, engineering, sales, marketing and strategy at companies including Intel, Broadcom (formerly Avago Technologies) and LSI Corp.
Anderson serves on the board of directors of Entegris, EdgeQ and Lumotive, as well as on the board of directors of the Semiconductor Industry Association, the MIT Sloan Americas Executive Board, the Electrical and Computer Engineering Advisory Board at Purdue University, and the Dean’s Advisory Board for the College of Science and Engineering at the University of Minnesota. Previously, he was a director at Sierra Wireless.
Anderson holds an MBA and Master of Science in electrical engineering and computer science from the Massachusetts Institute of Technology, a Master of Science in electrical engineering from Purdue University, and a Bachelor’s degree in electrical engineering from the University of Minnesota.
Coherent’s Mattera to retire as CEO
