Photronics(PLAB) Newsfilter·2025-01-10 22:00Core Viewpoint - Photronics, Inc. has appointed George Macricostas as Executive Chairman, effective January 6, 2025, marking a significant leadership transition within the company [1][2]. Company Leadership - George Macricostas has over 30 years of experience in technical and management roles, having been on the Photronics Board since 2002 and previously serving as Chairman of the Compensation Committee [2]. - With this appointment, David Garcia will succeed Macricostas in his committee roles, and both George and Constantine Macricostas will no longer be considered independent directors, leaving a Board of Directors of nine members, six of whom are independent [2]. Background of George Macricostas - George Macricostas was the Founder, Chairman, and CEO of RagingWire Data Centers, guiding the company through a two-stage sale to NTT of Japan in 2014 and 2018 [3]. - He previously held a senior vice president position at Photronics, overseeing the company's IT infrastructure [3]. Company Overview - Photronics is a leading manufacturer of photomasks for integrated circuits (IC) and flat panel displays (FPD), with over 50 years of experience in the industry [5]. - The company operates 11 manufacturing facilities strategically located in Asia, Europe, and North America [5].