PITTSBURGH, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company” or “Coherent”) (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, it has appointed Rob Beard as the Company’s new Chief Legal and Global Affairs Officer, and Corporate Secretary, effective today. Rob replaces current Chief Legal Officer Ron Basso, who is retiring. The Company has also promoted Marie Batz Martin to Chief Compliance Officer, reporting to Rob.  Mr. ...

PITTSBURGH, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the "Company") (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that the Company made awards of restricted stock units ("RSUs") and performance stock units ("PSUs") to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective on her start date, October 11, 2024. The awards were made pursuant to the Company's previously announced offer letter agreement with Ms. Luther, and as a material inducemen ...

Core Viewpoint - Coherent Corp. has appointed Sherri Luther as the new Chief Financial Officer and Treasurer, effective immediately, following a comprehensive search for the position [1][3]. Company Leadership - Sherri Luther previously served as Chief Financial Officer at Lattice Semiconductor since 2019 and has over 30 years of strategic and financial operations experience [2][4]. - Jim Anderson, the CEO of Coherent, expressed confidence in Luther's ability to help the company unlock its full potential due to her proven track record and previous experience at Coherent [3]. Transition and Acknowledgment - Rich Martucci, the Interim CFO, was acknowledged for his outstanding leadership during the transition period and will continue to serve at Coherent [3]. Professional Background of Sherri Luther - Luther has extensive experience in financial reporting, forecasting, internal audit, M&A, treasury, investor relations, operations, and global supply chain management [2][4]. - She is a Certified Public Accountant (CPA) and holds an Executive MBA from Stanford University, along with a Bachelor of Business Administration in Accounting and Finance from Wright State University [4]. Company Overview - Coherent is a global leader in materials, networking, and lasers, focusing on delivering innovations across various markets, including industrial, communications, electronics, and instrumentation [5].

Core Points - Coherent Corp. has been awarded the Excellence in Sustainability Award by KLA, recognizing its sustainability efforts within the KLA Supply Chain Sustainability program [1][2] - The award was presented during the KLA Supplier Day event on October 8, 2024, highlighting the importance of collaboration in achieving sustainability goals [1][2] - Coherent's commitment to sustainability is reflected in its corporate responsibility standards and ongoing initiatives aimed at reducing environmental impacts [3] Company Overview - Coherent is a leader in photonics solutions for the semiconductor industry, focusing on delivering innovations across various markets including industrial, communications, electronics, and instrumentation [4] - The company operates globally with research and development, manufacturing, sales, service, and distribution facilities [4]

Coherent (NYSE: COHR ) stock has seen major upside momentum over the last 12 months as financial results have seen improvement, demand for AI-driven data center optical transceiver sales has picked up, other business lines are showing improvements, and a new CEO To follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning w ...

Core Insights - Coherent Corp. announced the sale of its manufacturing facility in Newton Aycliffe, UK, as part of its strategy to streamline operations and optimize its global footprint [1][2]. Company Strategy - The divestment of the Newton Aycliffe plant is aimed at optimizing the company's portfolio and focusing investments on areas with the greatest long-term growth and profitability [2]. - The facility, covering 310,000 square feet, was acquired by Coherent in 2017 and is located in Aycliffe Business Park [3]. Transaction Details - Macquarie Semiconductor and Technology acted as the transaction consultant for Coherent, while Taylor Wessing provided legal advice [3].

PITTSBURGH, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and laser technologies, announced today the launch of its 200 mm silicon carbide epitaxial wafers (SiC epi-wafers). Substrate and epi-wafer shipments from the company at 350 micron and 500 micron thickness are now underway. As a dedicated manufacturer of both SiC substrates and epitaxial wafers, Coherent combines these elements to deliver exceptional quality, performance, and reliability. Th ...

Core Insights - Coherent Corp. has been awarded the 2024 ECOC Exhibition Industry Award for Best Product in the Data Center Innovation category for its Datacenter Lightwave Cross-Connect (DLX™) Optical Circuit Switch [1] - The DLX™ product is recognized for its innovative technology that supports the future of optical networking, particularly in next-generation AI deployments [2] Company Overview - Coherent is a global leader in materials, networking, and lasers, empowering market innovators through breakthrough technologies across various applications including industrial, communications, electronics, and instrumentation [3] - The company is headquartered in Saxonburg, Pennsylvania, and has a global presence with research and development, manufacturing, sales, service, and distribution facilities [3] Product Features - The DLX™ Optical Circuit Switch is based on a digital liquid-crystal platform that offers three main advantages: lower cost, lower power consumption, and lower latency [2]

PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a leader in materials, networking, and lasers, will participate in multiple panels and workshops at the European Conference on Optical Communications (ECOC) 2024 in Frankfurt, Germany, September 22-24. Coherent technologies and products are found in communications networks from the depths of the world's oceans to earth orbit and beyond. Coherent thought leaders will share key insights, highlight market-leading technologies, and prov ...

PITTSBURGH, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in optical communications components and subsystems, announced today that it will showcase its new products and technologies for next-generation optical communications networks at ECOC 2024 exhibition, September 23-25 at the Messe Frankfurt, Booth #A10. Coherent thought leaders will present at panels, technical sessions and workshops. RECENT PRODUCT ANNOUNCEMENTS Industry's First L-band 800G ZR/ZR+ Pluggable Transcei ...