Change of leadership at Veeco
Veeco Instruments"˜ long standing chairman and CEO John Peeler become executive chairman from October 1, 2018. William J. Miller, currently president, will take over as CEO and join the company's board of directors. Additionally, Shubham (Sam) Maheshwari will be named chief operating officer and will continue in his role as CFO
Peeler joined Veeco in 2007 as CEO and became chairman of the board in 2012. As executive chairman, Peeler will work closely with Miller and the board to ensure an effective transition of management.
"With his impressive background and track record of notable achievements across strategic, product development and operational assignments, there is no one better suited than Bill to take over the helm as Veeco looks forward to its next chapter," stated Peeler. "Bill and the executive team have the industry experience to execute Veeco's vision while remaining committed to enabling tomorrow's technology breakthroughs."
Over the last 16 years, Miller has held a variety of roles within Veeco. Miller became president in 2016, overseeing all of Veeco's global business units. Previously, he guided the strategic direction and product development for the company's MOCVD and ion beam product lines and was responsible for the Company's global operations organisation. Prior to joining Veeco, Miller held engineering and operations leadership roles with Advanced Energy and Exxon Corporation. He holds BS, MS and PhD degrees in mechanical engineering from the University of Pennsylvania.
"Veeco has built a reputation of helping customers overcome their most difficult technical challenges. This inspires us - along with our commitment to customer satisfaction," noted Miller. "I want to thank John for his guidance and building such a strong leadership team. I intend to build on this legacy while discovering new opportunities to leverage the company's outstanding technology and unmatched talent. I also appreciate the confidence the board has placed in me."
Richard D'Amore, Veeco's lead independent director, added, "When John joined the company in 2007, Veeco was considered a data storage and metrology company. John's vision and focus on execution transformed Veeco to be on the leading edge of the compound semiconductor and advanced packaging markets. The board appreciates all that John has contributed to the success of the company and we have every confidence that Bill will build upon his progress, taking Veeco to the next level of performance."
Maheshwari joined Veeco in 2014 with more than 20 years of experience in finance. He previously held senior and executive level positions in the semiconductor industry at KLA-Tencor, Spansion and OnCore. Maheshwari holds BS and MS degrees in chemical engineering and an MBA from the Wharton School of Business. Working side-by-side with Miller, Maheshwari will be charged with advancing Veeco's operations, customer satisfaction and profitability.
