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SUSS MicroTec AG (FWB:SMH)(GER:SMH) has appointed Christian Schubert as a new Member of the Board. He thus succeeds Dr. Stefan Schneidewind, who was relieved by the Supervisory Board on October 2, 2008 due to differing views regarding the future strategic orientation of the company. Schubert brings to the table extensive experience from his positions with companies in the fields of electrical engineering, electronics and automotive technology. He has held managing director and management board positions at the high-tech companies Kontron, congatec and most recently Intica Systems. His range of competence therefore extends from business units with 3,500 employees within a conglomerate, to medium-sized structures with 300 employees, to experience within a dynamic start-up company. Schubert's area of responsibility will correspond basically to that of a COO. His main areas of responsibility will be in Operations, Structures and Processes. Schubert will take over the Management Board role on an interim basis. Over the medium term, the Management Board team is to be supplemented by a Board member with a technical background.
Christian Schubert: "Based on indications within the industry and general economic conditions, we must take the approach of intensifying our operations. Considering our excellent order backlog, our job should be to examine all of the processes within the company and make them significantly more dynamic. The Management Board and Supervisory Board aim to navigate SUSS MicroTec on the overall weakening market from a strong market and technology position. By accelerating our structures and optimizing processes today, we hope to profit to the fullest extent from a subsequent market recovery."
The underlying strategic orientation of the company shall be maintained, as SUSS MicroTec aims its products toward the MEMS and advanced packaging applications markets as well as 3D integration and compound semiconductors (LED) - the areas that presumably have the greatest growth rates in the entire semiconductor market. The most urgent goal, however, will be to become faster and more effective within these markets.
About SUSS MicroTec AG
SUSS MicroTec listed in Deutsche Boerse AG’s Prime Standard is one of the world’s leading suppliers of process and testing solutions for markets such as 3D Integration, Advanced Packaging, MEMS, Nanotechnology, Compound Semiconductor and Silicon-On-Insulator. SUSS MicroTec enables its customers to increase process performance while reducing cost of ownership and to meet the volume requirements of fast growing markets with high quality solutions.
SUSS MicroTec supports more than 8,000 installed mask aligners, coaters, bonders and probe systems with a global infrastructure for applications and service.
Headquartered in Garching near Munich, Germany, SUSS MicroTec employs more than 730 employees worldwide.
All statements in this release other than historical facts are forward-looking statements within the meaning of U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe", "expect", "intend", "anticipate", "estimate", "should", "may", "will", "plan" and similar words and terms used in relation to the enterprise are meant to indicate forward-looking statements of this kind. The company accepts no obligation toward the general public to update or correct forward-looking statements. All forward-looking statements are subject to various risks and uncertainties, as a result of which actual events may diverge numerically from expectations. The forward-looking statements reflect the view at the time they were made.
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SUSS MicroTec AG
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