Veeco Instruments Inc. Announces Changes to Its Board of Directors
May 07, 2020 at 10:27 am EDT
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Veeco Instruments Inc. announced recent changes to its Board of Directors, including: John Peeler, Chairman of the Board and former Chief Executive Officer, retiring from the Board. Richard D’Amore, General Partner of North Bridge Venture Partners and previously Lead Independent Director, appointed to the position of Chairman of the Board. Mary Jane Raymond, Chief Financial Officer and Treasurer of II-VI, appointed to the Audit Committee. John Peeler previously announced his decision to step down as Chairman and Director of the Board, effective May 7, 2020. While Chairman, Mr. Peeler helped increase the Board’s diversity with the successful recruitment of Mary Jane Raymond, the second woman currently serving on the Veeco Board, in November 2019. Having led the Company’s CEO succession plan, which resulted in the promotion of William J. Miller, Ph.D. to CEO in 2018, and believing that good governance calls for both an independent Chairman and a properly sized Board of Directors, Mr. Peeler elected to retire from the Veeco Board. Effective upon Mr. Peeler’s retirement, the Board appointed Richard D’Amore, who the Board has determined to be independent, to serve as Chairman. Mr. D’Amore has been a General Partner of North Bridge Venture Partners, an early-stage venture capital and growth equity firm, since its inception in 1994. Mr. D’Amore has served on the Veeco Board for many years and brings both a strong business background and considerable board experience to Veeco. With Mr. D’Amore’s appointment as Chairman, the role of Lead Independent Director is discontinued. Ms. Raymond joined Veeco’s Board of Directors in conjunction with the Company’s Board diversity initiative. A highly accomplished financial expert, currently serving as Chief Financial Officer of II-VI Incorporated, a global leader in engineered materials and optoelectronic components, Ms. Raymond was recently appointed to Veeco’s Audit Committee.
Veeco Instruments Inc. is a manufacturer of semiconductor process equipment. The Company's laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch and clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. The Company's system products include Laser Annealing Systems, Ion Beam Systems and Etch Systems, Advanced Packaging Lithography, Single Wafer Wet Processing, Metal Organic Chemical Vapor Deposition Systems, Molecular Beam Epitaxy Systems, Atomic Layer Deposition Systems, and Other Systems. Its other deposition systems include Physical Vapor Deposition, Diamond-Like Carbon Deposition, and Chemical Vapor Deposition Systems. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory (DRAM), photonics devices, power electronics, and other semiconductor devices.
VEECO INSTRUMENTS INC. 
