Kulicke & Soffa Chief Financial Officer Maurice Carson Resigns
Vice President of Finance & Treasurer Michael Morris to Serve as Interim Chief
Financial Officer
FORT WASHINGTON, Pa.--(Business Wire)--
Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) ("K&S") today announced that
Maurice E. Carson, Senior Vice President, Chief Financial Officer and Principal
Accounting Officer, has resigned to accept a position with a semiconductor
company in Northern California. Michael J. Morris, Vice President of Finance and
Treasurer, has been appointed interim Chief Financial Officer and Ran Bareket,
Vice President and Corporate Controller, has been appointed interim Principal
Accounting Officer. Mr. Carson`s last day is scheduled to be August 4, 2009, and
both interim appointments will be effective on August 5, 2009.
Commenting on the announcement, C. Scott Kulicke, Chairman and Chief Executive
Officer, said, "We thank Maurice for his years of financial leadership and wish
him success in his future endeavors. In the interim, we are pleased to have two
very strong performers in Mike Morris and Ran Bareket stepping into expanded
roles."
Mr. Morris joined K&S in October 2006 and currently oversees financial planning,
treasury, and tax functions. Before coming to K&S, Mr. Morris was Assistant
Treasurer at Constellation Energy Group, where he managed capital market
activities and treasury operations. Before joining Constellation in July 2005,
Mr. Morris held various positions of increasing responsibility at the
Treasurer's Office of General Motors. Mr. Morris earned a B.A. in Economics from
the University of Pennsylvania and an MBA from the University of Michigan.
Mr. Bareket became Vice President and Corporate Controller of Kulicke and Soffa
Industries Inc. in July 2006 after serving as Vice President of Financial
Operations since 2005. Prior to that time, he served as Director of Worldwide
Financial Operations. Mr. Bareket earned a B.A. in Accounting/Management and a
CPA from Tel Aviv Management College in Israel and an MBA from Pennsylvania
State University.
About Kulicke & Soffa
Kulicke & Soffa (NASDAQ: KLIC) is a global leader in the design and manufacture
of semiconductor assembly equipment. As a pioneer in this industry, K&S has
provided customers with market leading packaging solutions for decades. In
recent years K&S has expanded its product offerings through strategic
acquisitions, adding die and wedge bonders and a broader range of expendable
tools to its core ball bonding products. Combined with its extensive expertise
in process technology, K&S is well positioned to help customers meet the
challenges of assembling the next-generation semiconductor devices.
(www.kns.com)
FD
Geoff Grande, CFA
P: 617-747-1721
F: 617-897-1511
geoff.grande@fd.com
or
Kulicke & Soffa
Tom Johnson
Director - Investor Relations & Corporate Communications
P: 215-784-6411
F: 215-784-6167
tjohnson@kns.com
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