BILLERICA, Mass., June 6 /PRNewswire-FirstCall/ -- GSI Group Inc.
(Nasdaq: GSIG), a leading manufacturer of enabling technology solutions and
laser based semiconductor manufacturing systems, today announced that Dr.
Sergio Edelstein has accepted the position of President and Chief Executive
Officer to succeed Mr. Charles D. Winston. Dr. Edelstein's role will
commence on July 10, 2006.
"Dr. Edelstein has the ideal credentials to lead GSI's executive
management team. His deep technical knowledge, leadership skills, extensive
experience and understanding of our markets will enable GSI to reach the
next level," stated Richard Black, Chairman of the Board. "A Board of
Directors Search Committee led by director Gary Garrettson produced an
ideal candidate," he added.
Dr. Edelstein commented, "I am very excited about this opportunity and
the challenges that lie ahead. GSI has rich technology, industry-leading
products and a world class customer base. It is also in the strongest
financial shape of its history. I am looking forward to working with GSI's
outstanding executive team to realize the Company's very significant growth
potential."
Dr. Edelstein has held a number of senior executive roles in the
industry. Most recently he served as Group Vice President of the E-Beam and
Films Product Group at KLA Tencor. Prior to that, Dr. Edelstein held
several general management positions at Applied Materials. Dr. Edelstein
has a Ph.D. in Chemical Engineering from the California Institute of
Technology and holds 11 patents.
"Charles Winston has performed an outstanding job as CEO for 18 years
at GSI. We would like to thank him for this service and are pleased that he
will remain with us to support the transition," stated Mr. Black.
About GSI Group Inc.
GSI Group Inc. supplies precision motion control products, lasers and
laser-based advanced manufacturing systems to the global medical,
semiconductor, electronics, and industrial markets. GSI Group Inc.'s common
shares are listed on the NASDAQ exchange under the symbol GSIG.
For more information contact:
Investor Relations,
Ray Ruddy
978-439-5511, (ext. 6170)
SOURCE GSI Group Inc.
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http://www.prnewswire.com/comp/107189.html/ (GSIG)
CONTACT:
Ray Ruddy, Investor Relations of GSI Group
Inc., +1-978-439-5511, (ext. 6170)
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