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Zygo Names Koliopoulos President and CEO, Announces Acquisition

January 22, 2010
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Zygo Corp. recently announced that Chris Koliopoulos, Ph.D., former president and CEO of ADE Corp., has been appointed president and CEO, effective immediately. With the commencement of his employment, Koliopoulos has also become a member of Zygo’s board of directors. He succeeds J. Bruce Robinson, who announced his planned retirement in October.

Koliopoulos has a strong track record of delivering growth and increasing value at advanced optical instruments companies, as well as a deep understanding of Zygo’s core markets gained through 20 years of executive leadership experience in the industry. He served as president and CEO of ADE Corp., a publicly traded metrology equipment supplier utilizing interferometric and capacitance measurement technology, from 2002 until the company’s acquisition by KLA-Tencor in 2006. During this period, ADE’s revenue grew from $75 million to $160 million, gross margins rose from 39% to over 56%, cash from operations increased from $14.7 million to over $100 million, and the company’s stock price rose from a low of $2.25 per share to $32.50 per share.

Koliopoulos has served on the faculty at the University of Arizona’s Optical Sciences Center. He holds a bachelor’s of science degree in optics from the Institute of Optics at the University of Rochester, as well as master’s and doctoral degrees from the University of Arizona.

“Chris Koliopoulos is an ideal CEO for Zygo,” said Bruce W. Worster, Ph.D., chairman of the board. “His career reflects strong leadership and success in the corporate world, entrepreneurship and academia. He is widely regarded as an industry luminary, with his extensive experience in optical systems and proven ability to manage businesses in this space and drive shareholder value. We look forward to the many contributions that he can bring to Zygo.

“On behalf of the board, I would like to reiterate our thanks to Bruce Robinson for his leadership of Zygo over the past 10 years. Bruce Robinson’s drive and dedication to Zygo have been instrumental in enabling Zygo to retain its leadership position in optics and optical metrology during a period of rapid change in the industry. We wish him all the best in the future.”

In addition, Zygo has entered into an agreement to acquire Zemetrics, Inc., an Arizona-based manufacturer of optical metrology systems with 14 employees. Koliopoulos was an early investor in Zemetrics in 2007, and he has served as a director and advisor to the company since then. With this acquisition, it is expected that Zygo will further enhance its optical surface measurement product line and technology, offering customers a wider range of capabilities.

For more information, visit www.zygo.com.

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