REHOVOT,
Israel, April 8,
2024 /PRNewswire/ -- Nova (Nasdaq: NVMI),
today announced the promotion of Mr. Guy
Kizner to the position of Chief Financial Officer, effective
July 1st, 2024. Joining the
leadership team, Mr. Kizner will succeed Mr. Dror David, who joined Nova in 1998 and has
served as Nova's CFO since 2005. Following years of dedicated
service, Dror David will retire from
the Company after he facilitates a smooth transition until
July 1st, 2024. Guy Kizner's tenure with Nova began in 2010, and
since then, he has showcased his expertise and proficiency in
various financial roles within the Company, the latest of which as
the Corporate VP of Finance.
"I want to thank Dror David for his
partnership and exemplary leadership over the past 25 years, which
has been integral to propelling our company's growth to become one
of the world's largest semiconductor metrology companies. I extend
my heartfelt best wishes to him as he embarks on the next chapter
of his life journey," said Gaby
Waisman, Nova's President and Chief Executive Officer.
"As we remain steadfast in our commitment to
executing Nova's Strategic Plan, I am pleased to welcome
Guy Kizner to lead Nova's financial
operations in the years ahead. Guy joined Nova in 2010 and since
then, he has been instrumental in establishing our corporate and
financial foundations. His extensive corporate knowledge, paired
with his substantial experience in finance operations, will be
pivotal as we continue to pursue our long-term goals. We are proud
of our thoughtful companywide succession planning process, ensuring
a seamless transition to the next generation of finance
leadership."
David shared, "It has been an immense pleasure to
be part of the leadership team that drove Nova's growth over the
last two decades, and I am extremely proud of our collective
achievements during this period. Throughout my 20-year tenure as
Nova's chief financial officer, the company has grown tremendously
to become a market leader, presenting robust and agile financial
and operational model, and continuously delivering high value to
its shareholders and customers. I am confident that under Guy's
capable leadership, Nova's robust financial team will remain a
cornerstone of the company's growth trajectory and a significant
contributor to its business expansion."
"I am excited and honored by the opportunity to
join Nova's management team and to leverage my experience and
corporate knowledge, to drive Nova's financial growth and
operational excellence." commented Mr. Kizner. "I look forward to
working with Nova's leadership team, as we continue to execute on
our strategic objectives and deliver continued value to our
shareholders."
In addition, the Company reiterated its guidance for the first
quarter of 2024.
About Nova:
Nova is a leading innovator and key provider of
material, optical, and chemical metrology solutions for advanced
process control in semiconductor manufacturing. Nova delivers
continuous innovation by providing state-of-the-art
high-performance metrology solutions for effective process control
throughout the semiconductor fabrication lifecycle. Nova's product
portfolio, which combines high-precision hardware and cutting-edge
software, provides its customers with deep insight into developing
and producing the most advanced semiconductor devices. Nova's
unique capability to deliver innovative solutions enables its
customers to improve performance, enhance product yields, and
accelerate time to market. Nova acts as a partner to semiconductor
manufacturers from its offices worldwide. Additional information
can be found at Nova's website link –
https://www.novami.com/.
Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol
NVMI.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 relating to future
events or our future performance, such as statements regarding, but
not limited to, anticipated growth opportunities and projections
about our business and its future revenues, expenses and
profitability. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to differ
materially from any future results, levels of activity, performance
or achievements expressed or implied in those forward-looking
statements. Factors that may affect our results, performance,
circumstances or achievements include, but are not limited to, the
following: increased information technology security threats
and sophisticated computer crime; foreign political and economic
risks including supply-chain difficulties; regulations that could
restrict our operations such as economic sanctions and export
restrictions; changes in U.S. trade policies; indirect effects of
the Russia – Ukraine conflict; market instability including
inflation and recessionary pressures; risks related to doing
business with China; catastrophic
events; inability to protect our intellectual property; open source
technology exposure, including risks related to artificial
intelligence; failure to compete effectively or to respond to rapid
technological changes; consolidation in our industry; difficulty in
predicting the length and strength of any downturn or expansion
period of the market we target; factors that adversely affect the
pricing and demand for our product lines; dependency on a small
number of large customers; dependency on a single manufacturing
facility per product line; dependency on a limited number of
suppliers; difficulty in integrating current or future
acquisitions; lengthy sales cycle and customer delays in orders;
risks related to conditions in Israel, including related to the recent attack
by Hamas and other terrorist organizations from the Gaza Strip and Israel's war against them; risks related to
our convertible notes; currency fluctuations; and quarterly
fluctuations in our operating results. We cannot guarantee future
results, levels of activity, performance or achievements. The
matters discussed in this press release also involve risks and
uncertainties summarized under the heading "Risk Factors" in Nova's
Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and
Exchange Commission on February 20,
2024. These factors are updated from time to time through
the filing of reports and registration statements with the
Securities and Exchange Commission. Nova Ltd. does not assume any
obligation to update the forward-looking information contained in
this press release.
Company Contact:
Dror
David, Chief Financial Officer
Tel: +972-73-229-5760
E-mail - investors@novami.com
Nova website link - https://www.novami.com/
Investor Relations Contact:
Miri Segal MS-IR LLC
Tel: +917-607-8654
E-mail - msegal@ms-ir.com
Logo -
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SOURCE Nova