Mykrolis Board Elects Gideon Argov CEO
22 Novembre 2004 - 10:34PM
PR Newswire (US)
Mykrolis Board Elects Gideon Argov CEO BILLERICA, Mass., Nov. 22
/PRNewswire-FirstCall/ -- Mykrolis Corporation (NYSE:MYK) today
announced that its board of directors has elected Gideon Argov as
the company's chief executive officer, effective immediately. Mr.
Argov was also elected to the Company's board of directors. Mr.
Argov succeeds C. William Zadel, who is stepping down as CEO as
part of a planned retirement. Prior to joining Mykrolis, Mr. Argov
served as Managing Director of Operations at Parthenon Capital, a
$1 billion private equity firm based in Boston. From 1991 until
2000, Mr. Argov was with Kollmorgen Corporation where as chairman,
CEO, and president he transformed an underperforming mini-
conglomerate into a $350 million leading industrial automation
company. For three years before joining Kollmorgen, Mr. Argov was
CEO of High Voltage Engineering Corporation. He served with Bain
and Company from 1982 to 1987. Mr. Zadel commented, "We are very
pleased and fortunate to have Gideon join Mykrolis. His experience
as CEO and his track record of building shareholder value will
provide the critical leadership for the Company to pursue both
internal and external growth opportunities." Mr. Argov commented,
"Mykrolis is a dynamic company with strong technology and market
leadership. I look forward to working with Jean-Marc Pandraud,
president and chief operating officer, and the rest of the
management team to grow the company as a premier supplier of
critical, enabling technologies to the semiconductor industry. We
intend to build on our market leading position in fluid management
and contamination control." Mr. Argov graduated Magna Cum Laude
from Harvard University and received an M.B.A. from the Stanford
Graduate School of Business. He is currently on the board of
directors of Helix Technologies, TransTechnology Corporation, and
Amazys Holding AG and serves as chairman of the board of Fundtech
Corporation. Mr. Zadel will remain as chairman of the board of
Mykrolis until December 31, 2004 at which time he will resign from
that role and from his position as director with the company. At
that time he will assume a part-time role as CEO-Emeritus.
Effective on January 1, 2005, Thomas O. Pyle, currently a director
of Mykrolis, will become non-executive chairman of the board. Mr.
Pyle, a retired health care executive, has served as a director of
several public and private companies and has been a member of the
Mykrolis board since the company was founded. About Mykrolis
Mykrolis Corporation, which reported sales of $215 million for the
first nine months of fiscal 2004, is a worldwide developer,
manufacturer and supplier of liquid and gas delivery systems,
components and consumables used to precisely measure, deliver,
control and purify the process liquids, gases and chemicals in the
semiconductor manufacturing process. In addition, the Company's
products are used to manufacture a range of other products, such as
flat panel displays, high purity chemicals, photoresists, solar
cells, gas lasers, optical disks and fiber optic cables. Mykrolis
is based in Billerica, Massachusetts. For more information, visit
http://www.mykrolis.com/. CONTACT: Bertrand Loy Mykrolis
Corporation Tel. 978-436-6500 Steve Cantor Mykrolis Corporation
Tel. 978-436-6500 DATASOURCE: Mykrolis Corporation CONTACT:
Bertrand Loy of Mykrolis Corporation, +1-978-436-6500; Steve Cantor
of Mykrolis Corporation, +1-978-436-6500, Web site:
http://www.mykrolis.com/
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