July 9, 2007 – Ofer Du-Nour, founder of Israeli metrology firm Tevet Process Control Technologies Ltd., has been named as CEO of the company, following the sudden resignation of Yuval Wasserman “to pursue other interests.” Peter Gillespie, VP of marketing and sales, also has been promoted to president of the firm.

The company explains that the changes are linked to its release of additional product lines. “Ofer Du-Nour and Peter Gillespie have been key drivers in Tevet’s Trajectory T3 film thickness integrated metrology product line,” said Ron Hiram, managing partner at Eurofund, a leading investor in Tevet, in a statement, noting that with the new leadership comes expectations that the T3 line will “continue to make gains and further anchor Tevet’s presence in the market.” “We also believe that now is the right time to broaden Tevet’s product line and the BOD is fully supportive of Tevet’s move into new product line development,” he added.

Before founding Tevet, Du-Nour, a 20-year industry vet, was SVP and director of the microelectronics division of Israeli firm Industrial Development Corp. Prior to that, he was projects department manager at Israeli foundry Tower Semiconductor.

Prior to joining Tevet in 2005, Gillespie (a 15-year industry vet) held VP and director-level positions at KLA-Tencor Corp., Boxer Cross Inc. (acquired by Applied Materials Inc.), and Axcelis Technologies Inc., and held marketing/engineering management positions at Inchcape Testing Service (now Intertek ETL SEMKO) and Nippon Sanso, parent firm to Matheson Semi-Gas Systems.