Vincent Mattera to leave Coherent
Longstanding CEO announces his retirement
Vincent Mattera will retire as CEO of Coherent following the employment of a successor.
Mattera, 68, has served with the company for 20 years, the last eight of which have been as CEO. He is the company’s third CEO since its founding in 1971 as II-VI Incorporated. He has also served as chair of the company’s board of directors since November 2021.
“Leading this 53-year-old company through its multi-decade growth transformation has been an incredible privilege,” said Mattera. “I want to acknowledge and deeply thank our employees, investors, customers, partners, and especially our Leadership Team, as well as my fellow board members, for our shared accomplishments and for helping make my years at Coherent so rewarding and impactful.
“Since the strategic combination of II-VI and Coherent two years ago, I am most proud of the tremendous progress we have made to integrate our two organisations, optimise synergies, and place the company in an advantaged position for accelerated growth. With Coherent on a clear path to improved margins and continued profitable growth, its track record of product leadership, customer intimacy, operational excellence, and the unstoppable imagination of our world-class people, I believe that now is the right time to look toward the next chapter of the company’s transformation,” Mattera said.
Enrico DiGirolamo, lead independent director, said: “As CEO since 2016, Chuck has driven an over 700 percent increase in the company’s market capitalisation, to over $9 billion, and the board and I can’t thank him enough for his outstanding contributions and stalwart leadership over the last 20 years. We look forward to continuing our work with Chuck in the near term and appreciate his continued leadership to ensure a smooth transition."
