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News Article

John R. Peeler becomes Chairman of Veeco

The restructuring also includes the retirement from the Board of Joel A. Elftmann, after 18 years of service, whose term had expired

Edward H. Braun, formerly Chairman of Veeco Instruments' Board, has transitioned his Chairman role to John R. Peeler, Chief Executive Officer.

Peeler will now hold the title of Chairman and Chief Executive Officer. Braun will remain an active member of Veeco’s Board of Directors.

According to Braun, age 72, “Since John became Veeco’s CEO nearly five years ago, his leadership and vision have transitioned the Company from an industry player to an industry leader. John and his team have delivered world-class products, gained market leadership in their core technologies, and delivered strong results. I am proud of the entire Veeco team and look forward to continuing to serve on the Board and sharing in the Company’s future growth and accomplishments.”

Veeco’s Board now consists of seven members, including Lead Director Roger D. McDaniel.

Peeler concludes, “I would like to take this opportunity to thank Ed for his stewardship of the Company and for his continued valuable participation on our Board as Chairman of our Strategy Committee. He will continue to be a trusted partner and an important sounding-board for me, the entire Veeco Board, and our leadership team. I would also like to wish Joel all the best and thank him for his many years of dedicated service to the Company.”
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