Intevac Announces New Appointments to Its Board of Directors
Mon, June 10 2019
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing
systems and digital night-vision technologies, today announced that it
has expanded its Board of Directors with the appointment of two new
independent directors, Dotty Hayes and Michele Klein, effective June 7th,
2019. Both directors bring over 30 years of technology industry,
executive leadership, and board experience to Intevac.
Ms. Hayes is currently nonexecutive Chairman of the Board of Directors
at First Tech Federal Credit Union, a cooperative financial institution,
and brings expertise in internal audit and controllership with large
global technology firms. Ms. Hayes was a financial executive at Intuit
from 2003 until 2008, where she served as Corporate Controller and Chief
Accounting Officer and later as Chief Audit Executive. In 1999, after 10
years as a senior financial executive at Hewlett-Packard (H-P), she
program-managed the spinoff of Agilent Technologies from H-P as Chief
Audit Executive and continued at Agilent until 2003, serving as the
company’s Vice President, Corporate Controller and Chief Accounting
Officer. She previously chaired the Audit Committee of the Vantagepoint
Funds, a captive mutual fund series of ICMA-RC, and the Audit Committee
for Range Fuels, a biofuels company.
Ms. Klein brings operations and board experience in the semiconductor
equipment and solar energy industries. She is a Director of Photon
Control (TSX: PHO), a provider of optical sensors and systems to the
semiconductor equipment industry, and serves as a member of its Audit
Committee. Since 2010 Ms. Klein has been CEO of Jasper Ridge Inc., a
developer of technology to improve vision. Previously, Ms. Klein was
Senior Director of Applied Ventures, the venture capital arm of Applied
Materials, Inc., where she recommended and managed investments in energy
storage and solar energy, and represented Applied on the boards of seven
technology companies. Ms. Klein co-founded and led Boxer Cross Inc., a
semiconductor equipment manufacturer, as CEO and Director until its
acquisition by Applied Materials, and High Yield Technology Inc., a
semiconductor metrology company, until its acquisition by Pacific
Scientific. She is a founder and current Director of Gridtential Energy,
an energy storage company.
Commenting on the new appointments, Chairman David Dury said, “We are
very pleased to have the opportunity to appoint these two seasoned
executives to our Board of Directors. Dotty and Michele offer an ideal
combination of company leadership and financial expertise to our Board,
and each of them bring substantial experience with boards and
governance. Michele also brings CEO, operational, and both capital
equipment and solar energy industry expertise, while Dotty has years of
Audit Committee experience as a financial expert in the global
technology industry. We look forward to their contributions to our
Board.”
About Intevac
Intevac was founded in 1991 and has two businesses: Thin-film Equipment
and Photonics.
In our Thin-film Equipment business, we are a leader in the design and
development of high-productivity, thin-film processing systems. Our
production-proven platforms are designed for high-volume manufacturing
of substrates with precise thin film properties, such as the hard drive
media, display cover panel, and solar photovoltaic markets we serve
currently.
In our Photonics business, we are a recognized leading developer of
advanced high-sensitivity digital sensors, cameras and systems that
primarily serve the defense industry. We are the provider of integrated
digital imaging systems for most U.S. military night vision programs.
For more information call 408-986-9888, or visit the Company's website
at www.intevac.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190610005183/en/
James Moniz
Chief Financial Officer
(408) 986-9888
Claire McAdams
Investor Relations
(530) 265-9899
Source: Intevac, Inc.
