Gaby Waisman to succeed Eitan
Oppenhaim as President & CEO;
Eitan Oppenhaim to succeed Micha
Brunstein as Executive Chairman of the Board
REHOVOT, Israel, Feb. 21,
2023 /PRNewswire/ -- Nova (Nasdaq: NVMI) today
announced changes in senior leadership positions. Gaby Waisman, who has served as the Company's
Chief Business Officer since 2016, has been appointed as CEO and
President. Eitan Oppenhaim, who has served as Nova's CEO and
President since 2013, has been appointed as Executive Chairman of
the Board, succeeding Micha
Brunstein. The changes will be effective March 31, 2023.
As CBO, Waisman was responsible for Nova's diversified
businesses, delivering value to Nova's customers around the globe.
He oversaw the Company's business units, global branches, sales,
application and service teams. Waisman is a seasoned leader with
more than 20 years of proven management roles in global public
companies, including executive positions in Israel, the U.S. and Asia.
Oppenhaim, the current CEO and President, will assume a new role
as Executive Chairman of the Board. During his tenure as CEO, Nova
accelerated its growth while strengthening the company's position
across industry segments, territories, and customers. He was also
responsible for the successful acquisitions of ReVera and ancosys
as part of the Nova's long-term strategy to diversify its
activities and outperform the market. Oppenhaim continued to
fortify Nova's foundation as a company with a strong brand, leading
technology, and exceptional talent.
"I am pleased to announce Gaby's appointment as Nova's CEO and
President," said Avi Cohen, Nova
Interim Chairman of the Board. "All of us on the Board of Directors
wholeheartedly entrust Gaby with the leadership of this great
Company and are confident Nova is positioned for further success in
the years to come. Gaby's appointment reflects the Board's
well-established and thoughtful succession plan."
"We are extremely grateful for Eitan's contribution over the
past 10 years," continued Cohen. "His sound leadership, deep
industry expertise, and vision for the future drove Nova's strong
performance and growth in an increasingly challenging environment.
We appreciate Eitan's contribution as CEO and President and are
confident in his ability to continue Nova's success in the coming
years as Executive Chairman of the Board. We thank Micha Brunstein for his twenty years of service
on Nova's board, including seventeen years as its chairman. During
his tenure Nova grew to be an industry leader while diversifying
its products, technologies, and customers. Micha's long-term
experience in the industry supported the company in its strategic
milestones and was part of its major expansion plans," concluded
Cohen.
"I am deeply honored to have led Nova as CEO and President for
the last decade," said Oppenhaim. "During this period, we built a
strong company with a solid brand, which positions us among the
most successful companies in our industry. Together with Nova's
excellent team, we have grown the Company to be a real innovation
leader, expanding our reach to multiple technologies and
industries, and cementing our reputation as outperformers. As
Executive Chairman of the Board, I will remain active and support
Gaby as he transitions to the CEO role. I trust Nova's excellent
seasoned management team, under Gaby's leadership, to take the
Company to the next level and exceed Nova's long-term strategic
plan."
"I am honored to be appointed as Nova's CEO," Waisman said "I
want to thank Eitan for his support and mentorship over the past
few years and the Board of Directors for its confidence and trust.
I share Eitan's pride in what Nova's team and its management have
accomplished, as well as his vision of Nova's future. I look
forward to leading the Company to new horizons."
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 may be found on
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: catastrophic events such as the outbreak of COVID-19;
increased information technology security threats and sophisticated
computer crime; foreign political and economic risks; changes in
U.S. trade policies; inability to protect our intellectual
property; open source technology exposure; 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; political, economic and military
instability in Israel; 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, 2021, filed with the
Securities and Exchange Commission on March
1, 2022. 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
+972-73-229-5760
investors@novami.com
https://www.novami.com
Investor Relations contact:
Miri Segal MS-IR LLC
+917-607-8654
msegal@ms-ir.com
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SOURCE Nova Measuring Instruments Ltd.