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6 August 2007


Nanometrics appoints CEO

Metrology equipment supplier Nanometrics Inc of Milpitas, CA, USA has appointed Timothy J. Stultz as its president and CEO. Stultz succeeds Bruce C. Rhine, who will become chairman of the board of directors, while the company’s founder Vincent J. Coates becomes vice chairman of the board. Stultz will also be appointed to the company’s board, effective as of his start date, which is expected to be later this month.

At fifty-nine years old and with twenty-four years semiconductor industry experience, Stultz joins Nanometrics from Imago Scientific Instruments, where he served as president, CEO and a director since 2003.

Before joining Imago, Stultz was president and CEO of ThauMDx, a developer of diagnostic systems. From 1994 to 1999, he was VP and general manager with Veeco Instruments, during which time he led the growth of Veeco’s metrology business.

“Tim brings to Nanometrics a wealth of experience in building growth companies within the semiconductor capital equipment industry, and in the metrology sector in particular,” said Rhine. “We are thrilled that Tim has decided to join the Nanometrics team and lead the company into its next phase of growth. Tim understands how to implement business processes to focus on profitability, cash flow and predictability.”

Shultz added: “Nanometrics has faced a number of challenges in integrating and consolidating its operations worldwide, but the company has the promise to become a true leader in this industry. I look forward to working with this team as we focus on growth and profitability.”