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Chief Financial Officer to leave AXT

The manufacturer of gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) substrates is now looking for someone to fill the CFO position

AXT, Inc. has announced that Raymond A. Low, vice president and chief financial officer, will be resigning his position with AXT to pursue another executive opportunity.

The move will become effective on October 14th, 2013, but for a transition period, Low has agreed to continue to support the company as a consultant while the company completes a search to fill the CFO position.

"Raymond has been a valuable contributor to AXT and a valued member of our management team," says Morris Young, chief executive officer. "I appreciate his leadership, dedication and expertise over the past 9 years and the Board and I wish him the best of luck with his next executive role."

"I have enjoyed the opportunity to work with Morris and the rest of the team at AXT," comments Low. "I believe that AXT's solid financial foundation positions the company well for continued improvement and I will work closely with the company to facilitate an orderly transition."

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