FormFactor Board Appoints Industry Veteran Tom St. Dennis FormFactor CEO
September 13, 2010
Current CEO Carl Everett to become FormFactor Executive Chairman
LIVERMORE, Calif. — September 13, 2010 — FormFactor, Inc. (Nasdaq: FORM) today announced the appointment of Tom St. Dennis as its chief executive officer (CEO), and as a member of the Board of Directors, both appointments effective September 13, 2010. St. Dennis succeeds Carl Everett, who is a director of the company and served as CEO since May of this year. Everett will become executive chairman of the FormFactor board of directors succeeding Jim Prestridge, FormFactor’s current chairman, who will remain on the board of directors and become its lead independent director. The changes are effective September 13, 2010.
St. Dennis brings over 25 years of semiconductor industry experience to the FormFactor team. Most recently he was a Senior Vice President at Applied Materials, Inc. where he was General Manager of the Silicon Systems Group. Prior to joining Applied Materials, St. Dennis held executive positions at Novellus Systems, Inc., where he was Executive Vice President, Sales & Marketing, and at Wind River Systems, where he was president and CEO. St. Dennis has an extensive international business background, including broad expertise in customer sales and support, engineering and development, partnerships, licensing, supply chain, and manufacturing.
“The FormFactor board of directors is confident that Tom and Carl are the right team to help guide the company through its current turn-around and on to long-term profitable growth,” said Jim Prestridge, FormFactor’s chairman. “Tom is a semiconductor equipment industry veteran who has a proven track record of leading innovation, product development, and revenue growth. Carl has made significant progress framing the company’s turn-around in the time he has served as CEO. He will remain fully engaged with the FormFactor team to insure that we continue on the recovery path the company has laid out. We expect him to continue to play a key role in shaping the growth and long- term strategic direction of the company.”
“FormFactor has an incredible innovation track record and, though currently transitioning through a difficult period of time, the company remains a mission critical supplier to the semiconductor industry,” commented St. Dennis. “FormFactor’s opportunities are significant and I look forward to joining the management team and helping drive the company’s turnaround.”