SUSS MicroTec AG Appoints Frank P. Averdung CEO

(November 25, 2008) MUNICH, Germany &#151 SUSS MicroTec AG has appointed Frank Averdung to its management board. Currently serving as managing director of Carl Zeiss SMS GmbH, Averdung has accepted the appointment, and will join the board and assume the role of CEO by June 1, 2009, according to a press release from SUSS. In this position, he will focus his efforts on sales, marketing, and group strategy.

Franz Richter, Ph.D., chairman of SUSS MicroTec AG’s supervisory board, cites Averdung’s understanding of technology, assertiveness, as well as industry and market expertise as the main reasons for the appointment as CEO. “I was personally impressed by the fact that Mr. Averdung has had an extremely strong impact on the strategic orientation of the respective companies and divisions during the various positions of his professional career,” said Richter.

In addition to his tenure at Carl Zeiss, Averdung has reportedly held various managing director and/or general manager positions with equipment manufacturers such as NaWoTec GmbH, ETEC Systems and Applied Materials. “I hope my efforts will contribute toward making the company even more dynamic and innovative,” stated Averdung. “I think my experience can help advance us into attractive niches of the semiconductor market and utilize the existing market potential more quickly and comprehensively. I look forward to taking on my responsibilities within the new team at SUSS MicroTec.”


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