FormFactor Board Appoints Mario Ruscev FormFactor CEO
June 3, 2008
Current CEO Igor Khandros to become FormFactor Executive Chairman
LIVERMORE, Calif. — June 3, 2008 — FormFactor, Inc. (Nasdaq: FORM) today announced that its board of directors has appointed Mario Ruscev, currently president, as its next chief executive officer (CEO). Ruscev, 51, will succeed Igor Khandros, 53, FormFactor’s founder, who will become executive chairman of the FormFactor board of directors. Khandros will succeed Jim Prestridge, 76, its current chairman, who will remain on the FormFactor board of directors and become its lead independent director. The changes will become effective at the beginning of the company’s fiscal third quarter of 2008.
“The FormFactor board of directors is confident that Mario and Igor are the right team to lead the company through its next stages of growth,” said Jim Prestridge, FormFactor’s chairman. “Mario is an unusually capable operating executive who has a proven track record of driving revenue growth, product innovation and development, and market introductions. Igor is an incredible visionary who has a wealth of knowledge about the industry and technology, and will play a key role in shaping the long-term strategic direction of the company.”