FormFactor Names Executives to Lead New Business Development and Worldwide Sales
February 28, 2007
Company creates New Business Development role to be led by Peter Mathews; Industry veteran Roger Hitchcock joins company to lead Worldwide Sales
LIVERMORE, Calif. – February 28, 2007 – FormFactor, Inc. (Nasdaq: FORM) today announced the transition of Peter Mathews, senior vice president, Worldwide Sales, to the newly created role of senior vice president, New Business Development. The company also announced the appointment of Roger Hitchcock, who joins FormFactor after a twenty year career at KLA Tencor, as vice president, Worldwide Sales. Mathews, who has led the company’s sales group for 10 years, will work closely with Mr. Hitchcock during a transition period that will extend through the company’s first fiscal quarter.
“Peter Mathews has a tremendously broad and deep understanding of FormFactor’s growth strategy and products, and of our customers’ needs and requirements. Peter’s leadership qualities and a stellar record of past success in heading our sales efforts make him the ideal individual to develop new businesses for FormFactor,” said Igor Khandros, CEO of FormFactor. “Roger Hitchcock brings to FormFactor a wealth of knowledge and experience in running, a large, multinational sales organization. He has extensive experience with many of our existing customers and will help FormFactor to efficiently expand and strengthen our business and organization in the years to come. We look forward to their contributions in their new roles as we position the company for its next stage of growth.”
Mathews joined FormFactor in 1997 and has served as FormFactor’s senior vice president, Worldwide Sales since October 2003. From March 1997 to April 1999, Mathews served as director, Worldwide Sales and Business Development, and as vice president, Worldwide Sales from May 1999 to September 2003. Mathews holds a B.S. in chemical engineering from Cornell University.
Hitchcock joins FormFactor following a successful 20 year career at KLA Tencor. While at KLA, he held a variety of executive level sales positions including VP of Sales Administration, VP of Micron Business Unit, VP of Strategic Accounts, VP of Western Europe, and Director of the Customer Support Division.
Statements in this press release that are not strictly historical in nature are forward- looking statements within the meaning of the federal securities laws, including statements regarding the performance of our products. These forward-looking statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to: the company’s ability to develop new businesses, to understand and meet customers’ needs, and to grow relationships and businesses by recognizing and creating opportunities to engage with customers and partners. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward-looking statement is contained in the company’s Form 10-K for the fiscal period ended December 30, 2006 filed with the Securities and Exchange Commission (“SEC”), and any subsequent SEC filings. Copies of the company’s SEC filings are available at http://investors.formfactor.com/edgar.cfm. The company assumes no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.