Cabot Microelectronics Corporation's William S. Johnson Named CFO of the Year
Aurora, IL, Nov. 15, 2013 (GLOBE NEWSWIRE) -- Cabot Microelectronics
Corporation (Nasdaq: CCMP), the world's leading supplier of chemical
mechanical planarization (CMP) polishing slurries and a growing CMP pad
supplier to the semiconductor industry, today announced that William S.
Johnson, Executive Vice President and Chief Financial Officer, has been named
2013 Chicago CFO of the Year by the Financial Executives International (FEI)
Chicago Chapter. The award recognizes senior financial leaders for their
exceptional contributions to a business, as demonstrated by their quality,
insight and direction.
Mr. Johnson won the award in the mid-size public company category. Award
recipients are determined by a committee of independent judges, comprised of
finance professionals in industry and academia.
"I am honored to be named a Chicago CFO of the year, and to have been able to
serve as Cabot Microelectronics' CFO over the past ten years as we have grown
and strengthened our business during a dynamic time in the semiconductor
industry and the world economy. This recognition, which reflects the wealth
of opportunities available to companies like ours to create value for our
shareholders, customers and employees, arises from the strength of Cabot
Microelectronics' entire accounting and finance team," Johnson said.
"Bill is an outstanding CFO, strategic leader, and colleague, who has
contributed significantly to Cabot Microelectronics' success in countless
ways. Whether in spearheading our leveraged recapitalization with a special
cash dividend last year, which delivered approximately $350 million to our
shareholders, or consistently demonstrating admirable corporate stewardship
through consistent, prudent financial management, Bill's positive impact on
our company has been substantial, and we are delighted that he has received
this well-earned recognition from FEI," said William Noglows, Chairman and CEO
of Cabot Microelectronics.
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the
world's leading supplier of CMP polishing slurries and a growing CMP pad
supplier to the semiconductor industry. The company's products play a
critical role in the production of advanced semiconductor devices, enabling
the manufacture of smaller, faster and more complex devices by its customers.
The company's mission is to create value by developing reliable and innovative
solutions, through close customer collaboration, that solve today's challenges
and help enable tomorrow's technology. Since becoming an independent public
company in 2000, the company has grown to approximately 1,050 employees on a
global basis. For more information about Cabot Microelectronics Corporation,
visit www.cabotcmp.com or contact Trisha Tuntland, Manager of Investor
Relations at 630-499-2600.
SAFE HARBOR STATEMENT
This news release may include statements that constitute "forward looking
statements" within the meaning of federal securities regulations. These
forward-looking statements include statements related to: future sales and
operating results; company and industry growth, contraction or trends; growth
or contraction of the markets in which the company participates; international
events, regulatory or legislative activity, or various economic factors;
product performance; the generation, protection and acquisition of
intellectual property, and litigation related to such intellectual property;
new product introductions; development of new products, technologies and
markets; natural disasters; the acquisition of or investment in other
entities; uses and investment of the company's cash balance; financing
facilities and related debt, payment of principal and interest, and compliance
with covenants and other terms; the company's capital structure; and the
construction and operation of facilities by Cabot Microelectronics
Corporation.These forward-looking statements involve a number of risks,
uncertainties, and other factors, including those described from time to time
in Cabot Microelectronics' filings with the Securities and Exchange Commission
(SEC), that could cause actual results to differ materially from those
described by these forward-looking statements. In particular, see "Risk
Factors" in the company's quarterly report on Form 10-Q for the quarter ended
June 30, 2013 and in the company's annual report on Form 10-K for the fiscal
year ended September 30, 2012, both filed with the SEC. Cabot Microelectronics
assumes no obligation to update this forward-looking information.
CONTACT: Trisha Tuntland
Manager, Investor Relations
Cabot Microelectronics Corporation Logo
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