Nanometrics CFO latest to exit

April 25, 2007 – Just a month after its CEO left the company, Nanometrics says CFO Dave McCutcheon has followed him out the door “to pursue other opportunities,” the company said in a statement. Quentin Wright, currently chief accounting officer, will take over as interim CFO until a permanent successor is found.

McCutcheon was hired as Nanometrics’ CFO in September 2005, coming from Metron Technology NV, where he oversaw that business’ sale to Applied Materials in mid-2004. Before that he held executive positions at Asyst Technologies and Cadence.

The change comes just a month after former CEO John Heaton mysteriously left the company (no details were provided about his departure), with chief strategy officer Bruce Rhine, chairman/CEO of Accent Optical (which Nanometrics bought the prior year) taking the reins on an interim basis.

Change has also hit the company’s infrastructure in recent weeks. In March Nanometrics announced it will consolidate all of the company’s overlay metrology production at a facility in Korea, where Nanometrics already makes its Orion and Caliper systems, a move that will result in the closure of Soluris’ Concord, MA facility.


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