Edition:
United States

Hutchinson Technology Inc (HTCH.O)

HTCH.O on Nasdaq

3.97USD
26 Sep 2016
Change (% chg)

$-0.01 (-0.25%)
Prev Close
$3.98
Open
$3.97
Day's High
$3.98
Day's Low
$3.96
Volume
1,868,034
Avg. Vol
410,238
52-wk High
$3.98
52-wk Low
$1.32

Summary

Name Age Since Current Position

Wayne Fortun

67 2012 Chairman of the Board

Richard Penn

59 2012 President, Chief Executive Officer, Director

David Radloff

56 2010 Chief Financial Officer, Vice President

Dale Ruzicka

55 2012 Vice President - Operations

Connie Pautz

57 2009 Vice President - Human Resources and Corporate Communications

D. Mark Jelkin

53 2014 Vice President - Engineering

Russell Huffer

66 2009 Lead Independent Director

Martha Aronson

48 2010 Independent Director

Frank Russomanno

68 2011 Independent Director

Philip Soran

59 2011 Independent Director

Thomas VerHage

63 2006 Independent Director

Charles Ives

Treasurer, Director - Investor Relations

Biographies

Name Description

Wayne Fortun

Mr. Wayne M. Fortun serves as Chairman of the Board of Hutchinson Technology Inc., effective from October 1, 2012. He joined our company in 1975, and has been Chairman of our board of directors since October 1, 2012. He was elected President and Chief Operating Officer in 1983 and Chief Executive Officer in May 1996, and served as President and Chief Executive Officer until September 30, 2012. He is also a director of G&K Services, Inc. and C.H. Robinson Worldwide, Inc. During Mr. Fortun’s 40 years with our company, he has developed extensive experience and critical knowledge of our company and the disk drive and other industries in which we operate. His intense familiarity with our operations and technologies enable him to be uniquely qualified to serve on our board of directors. His service on the boards of two other public companies provides him with additional valuable operational and managerial perspectives.

Richard Penn

Mr. Richard J. Penn is President, Chief Executive Officer, Director of Hutchinson Technology Inc. has been with our company since 1981, and has been President and Chief Executive Officer since October 1, 2012. Mr. Penn served as our Senior Vice President and President of Disk Drive Components Division from March 2011 until September 30, 2012. He was Senior Vice President and President of BioMeasurement Division from April 2007 to March 2011. Prior to that, he was Vice President of Operations from October 2003 to November 2005, and was Senior Vice President and President of Disk Drive Components Division from November 2005 to April 2007. During his 33 years with company, Mr. Penn has developed broad knowledge of our company’s operations, processes and products. His deep familiarity with customers and with the industries in which businesses operate, together with the division leadership positions he has held at company, provide him with the unique capabilities and experience to develop, implement and communicate business strategies and, as chief executive officer, lead business efforts.

David Radloff

Mr. David P. Radloff is Chief Financial Officer, Vice President of Hutchinson Technology Inc. Mr. Radloff became Vice President and Chief Financial Officer in September 2010. Previously, he had served as Corporate Controller since January 2009. He served as Vice President of Corporate Finance from December 2007 to January 2009 and as Chief Information Officer from February 2000 to January 2009. He has been with our company since 1986.

Dale Ruzicka

Mr. Dale M. Ruzicka is Vice President - Operations of Hutchinson Technology Inc. Mr. Ruzicka became Vice President of Operations in December 2012. Previously, he had served as plant manager since May 2008. He served as Director of Manufacturing Strategy from 2006 to May 2008 and Director of Asian Operations from 2000 to 2006. He has been with our company since 1982.

Connie Pautz

Ms. Connie L. Pautz is Vice President - Human Resources and Corporate Communications of Hutchinson Technology Inc. Ms. Pautz became Vice President of Human Resources & Corporate Communications in December 2009. Previously, she had served as Human Resources Director since January 2009. She served as Corporate Communications Director from March 2001 to December 2009. She has been with our company since 1984.

D. Mark Jelkin

Mr. D. Mark Jelkin is Vice President - Engineering of Hutchinson Technology Inc. Mr. Jelkin became Vice President of Engineering in June 2014. Previously, he had served as Director of Engineering and Program Development since 2006. He has been with our company since 1988. Jelkin holds both a bachelor's and master's degree in mechanical engineering from the South Dakota School of Mines and Technology.

Russell Huffer

Mr. Russell Huffer is Lead Independent Director of Hutchinson Technology Inc., October 9, 2009. He retired from his positions with Apogee Enterprises, Inc., a manufacturer of glass products, services and systems, in August 2011. From 1999 until January 2011, Mr. Huffer served as Chairman of Apogee’s board of directors. He also served as President, Chief Executive Officer and a director of Apogee from 1998 until his retirement, and had served in various senior management positions with Apogee and its subsidiaries since 1986. In October 2009, Mr. Huffer was appointed to serve as lead director of our board of directors. Mr. Huffer’s experience as the chief executive officer and in other senior management positions at Apogee provides extensive operational and management insight to our company. His many years at Apogee provide a deep familiarity with the issues associated with technology excellence and operations in a manufacturing company. As a retired chief executive officer of a public company and a current director of NCCI Holdings, Inc., a national workers compensation data management and services provider, he also has a keen understanding of the management and operational requirements needed in a business environment.

Martha Aronson

Ms. Martha Goldberg Aronson is Independent Director of Hutchinson Technology Inc. She has served as Executive Vice President of Strategic Planning at Ecolab, Inc., a global leader in water, hygiene and energy technologies and services, since November 2015 and previously served as Ecolab’s Executive Vice President and President-Global Healthcare, from September 2012 to November 2015. She joined Ecolab in June 2012 and initially served as Ecolab’s Executive Vice President of Strategic Planning. Prior to joining Ecolab, Ms. Goldberg Aronson had been Senior Vice President and President, North America, of Hill-Rom Holdings, Inc., a leading worldwide manufacturer and provider of medical technologies and related services for the health-care industry, since August 2010. Before joining Hill-Rom, she served as Senior Vice President at Medtronic, Inc., a leading manufacturer of medical devices, from March 2008 to November 2009. She also served as Medtronic’s Vice President – Investor Relations, and in various other domestic and international management positions with Medtronic, since 1991. Ms. Goldberg Aronson’s years of executive experience in the medical technology and health-care industry provide her with knowledge and expertise in the development and communication of effective business strategies and the pursuit of technological innovation. She provides important perspective on international business matters, drawing upon her tenure in international executive roles, and through her prior investor relations position at Medtronic, has insight in communicating with our company’s investors.

Frank Russomanno

Mr. Frank P. Russomanno serves as Independent Director of Hutchinson Technology Inc., since October 7, 2011. He retired from his positions with Imation Corp., a developer, manufacturer and marketer of data storage and imaging products and services, in May 2010. He served as Chief Executive Officer and a director of Imation from April 2007 until his retirement and as Vice Chairman from March 2009 until his retirement. He also had served in various senior management positions, including as President and as Chief Operating Officer, at Imation since 1996, when 3M Company (where Mr. Russomanno began his career in 1973) spun off several business units that became Imation. Mr. Russomanno is also a director of Emrise Corporation. Mr. Russomanno has extensive executive experience leading a global technology company, with specific expertise in the challenges and opportunities facing the data storage industry. His leadership roles at a publicly traded company have provided him an understanding of corporate governance and investor relations issues. Mr. Russomanno also provides our board of directors with valuable insights on marketing technology products globally.

Philip Soran

Mr. Philip E. Soran serves as Independent Director of Hutchinson Technology Inc., since October 7, 2011. He is the founder/Executive Chairman of Vidku, Inc., a developer of a video-based discussion platform. He co-founded Compellent Technologies, Inc., a publicly traded company that provided highly virtualized storage solutions with automated data management features for enterprise and cloud-computing environments, in 2002. He served as its President and Chief Executive Officer until February 2011, when it was acquired by Dell Inc. Mr. Soran served as the President of Dell Compellent from February 2011 until March 2012. Prior to co-founding Compellent Technologies, Mr. Soran served as Chief Executive Officer and President of XIOtech Corp., a network storage vendor that he co-founded in 1995. Mr. Soran is also a director of SPS Commerce, Inc. and Piper Jaffray Companies. Mr. Soran was also a director of Stellent, Inc., from 2003 to 2006 when the company was acquired by Oracle Corporation. Mr. Soran’s experience in founding and building software and data management companies provides strategic and operational insight to our board of directors, particularly with respect to emerging technology business opportunities. Our board also benefits from the management and leadership experience he gained as the chief executive officer of a publicly traded company and his experience as a director of other public companies.

Thomas VerHage

Mr. Thomas R. VerHage is Independent Director of Hutchinson Technology Inc. retired from his positions with Donaldson Company, Inc., a worldwide provider of filtration systems and replacement parts, in October 2011. From 2004 until his retirement, Mr. VerHage served as Vice President and Chief Financial Officer of Donaldson. Prior to joining Donaldson, he was a partner at Deloitte & Touche LLP, an independent registered public accounting firm, from 2002 to 2004, and a partner at Arthur Andersen LLP from 1987 to 2002. He is also a director of Franklin Electric Co., Inc. Mr. VerHage has extensive public company finance, accounting and audit experience from his experience as chief financial officer of a publicly traded global manufacturing company and his positions in the public accounting industry. Mr. VerHage’s financial and public accounting experience provides him with broad knowledge related to financial oversight and management of financial resources. As a chief financial officer of a public company, he also has relevant and valuable expertise in providing guidance on financial and risk management processes and in communicating with investors. In addition, Mr. VerHage has valuable insights into the end markets and customers for our disk drive industry products through his work with Donaldson Company’s disk drive filter business.

Charles Ives

Basic Compensation