FormFactor Announces New Chief Financial Officer
February 14, 2005
LIVERMORE, CA — February 14, 2005 — FormFactor, Inc. (Nasdaq: FORM) today announced the appointment of Ronald C. Foster as its Chief Financial Officer effective March 2, 2005. Foster, who will report to the Office of the CEO, succeeds Jens Meyerhoff, the Company’s current Chief Financial Officer and Chief Operating Officer. Mr. Meyerhoff will transition from his role as the Company’s Chief Financial Officer, to focus his activities on his role as the Company’s Chief Operating Officer.
Foster brings to FormFactor over 25 years of financial management and operations experience. He joins FormFactor from JDS Uniphase, where he served as Chief Financial Officer since February of 2003. Prior to joining JDS, Foster was Chief Financial Officer of Novell, being elevated to that position after serving as its Vice President of Finance and Corporate Controller from 1998 to 2001. Prior to Novell, Foster served as Vice President, Operations Controller for Applied Materials, and also spent more than ten years in various financial roles at Hewlett Packard Corporation.
“Ron brings a wealth of broad experience to our management team. He possesses all of the credentials we sought in a CFO, and his arrival will allow Jens Meyerhoff, who played an instrumental role in the Company’s growth and public offerings, to focus on his Chief Operating Officer role.” commented Igor Khandros, CEO. “Ron’s arrival is an important step in the development of FormFactor’s financial and operational infrastructure as we transition to the next level of growth for the company”, commented Joe Bronson, President.
“I have built my career at high technology companies, and I see FormFactor as a tremendous opportunity. I am excited to be joining the strong management team and look forward to contributing my years of experience in finance and operations as the company grows to the next level.” commented Foster.
Foster received an MBA degree from the University of Chicago and a BA in Economics from Whitman College. He currently serves on the Board of Directors of Micron Technology, Inc.