Zygo Announces Tony Allan as Senior Vice President of World-Wide Operations
MIDDLEFIELD, Conn., Feb. 4, 2013 (GLOBE NEWSWIRE) -- Zygo Corporation
(Nasdaq:ZIGO) today announced that it has hired Mr. Tony Allan as the
Company's Senior Vice President of Worldwide Operations, reporting directly to
the President and Chief Executive Officer, Dr. Chris Koliopoulos. Mr. Allan
will succeed Doug Eccleston, who will retire after a short transition period.
Most recently, Mr. Allan served as Chief Operating Officer of Masimo
Corporation, a publicly traded medical technology company that develops,
manufactures, and markets non-invasive patient monitoring products worldwide.
Prior to joining Masimo, Mr. Allan had been Vice President - Global Business
Units, Instrumentation and Medical Sector, with Jabil Inc., an electronics
design, manufacturing and product solutions company. Mr. Allan holds a Post
Graduate Diploma in Quality Engineering from the University of Paisley and a
H.N.D. in Engineering from Glasgow College.
Commenting on the appointment, Dr. Koliopoulos stated, "With his breadth of
experience and background running complex global manufacturing operations,
Tony brings further bench strength to the Zygo Leadership Team as Senior Vice
President of Worldwide Operations. I look forward to working with Tony in
this role, as the Company continues to mature in size and global reach. Tony
will be instrumental in helping the Company to continue to build on its
strategies and best practices to capitalize on the many opportunities that lay
ahead, taking the company to the next level."
Dr. Koliopoulos added, "I and all at Zygo congratulate Doug Eccleston on his
distinguished career and wish him a long productive retirement.We appreciate
his fellowship, mentoring and influence on the Zygo culture. His leadership
has been integral in driving lean processes and the improvements in Zygo
operations and gross margins."
Mr. Allan commented, "I am very excited about joining Zygo and look forward to
working with Chris and the Company's dedicated employees, as well as
continuing to focus on growth initiatives, advanced optical technology,
customersatisfaction, shareholder interests, and optimizing Zygo for peak
Zygo Corporation is a worldwide supplier of optical metrology instruments,
precision optics and electro-optical design and manufacturing services serving
customers in the semiconductor capital equipment, bio-medical, scientific and
The Zygo Corporation logo is available at
All statements other than statements of historical fact included in this news
release regarding financial performance, condition and operations and the
business strategy, plans, anticipated revenues, bookings, market acceptance,
growth rates, market opportunities and objectives of management of the Company
for future operations are forward-looking statements. Forward-looking
statements provide management's current expectations or plans for the future
operating and financial performance of the Company based upon information
currently available and assumptions currently believed to be valid.
Forward-looking statements can be identified by the use of words such as
"anticipate," "believe," "estimate," "expect," "intend," "plan(s),"
"strategy," "project," "should" and other words of similar meaning in
connection with a discussion of current or future operating or financial
performance. Actual results could differ materially from those contemplated
by the forward-looking statements as a result of certain factors. Among the
important factors that could cause actual events to differ materially from
those in the forward-looking statements are fluctuations in capital spending
of our customers; fluctuations in revenues to our major customers;
manufacturing and supplier risks; risks of booking cancellations, push-outs
and de-bookings; dependence on timing and market acceptance of new product
development; rapid technological and market change; risks in international
operations; risks related to any reorganization of our business; risks related
to changes in management personnel; dependence on proprietary technology and
key personnel; length of the revenue cycle; environmental regulations;
investment portfolio returns; fluctuations in our stock price; the risk that
anticipated growth opportunities may be smaller than anticipated or may not be
realized; and risks related to business acquisitions.Zygo Corporation
undertakes no obligation to publicly update or revise forward-looking
statements to reflect events or circumstances after the date of this news
release except as required by law. Further information on potential factors
that could affect Zygo Corporation's business is described in our reports on
file with the Securities and Exchange Commission, including our Form 10-K for
the fiscal year ended June 30, 2012, filed with the Securities and Exchange
Commission on September 13, 2012.
CONTACT: Dr. Chris L. Koliopoulos
President and CEO
Zygo Corporation Logo
Press spacebar to pause and continue. Press esc to stop.