Axcelis Announces CFO Transition

Core Viewpoint - Axcelis Technologies, Inc. has appointed David Ryzhik as Interim Chief Financial Officer following the departure of James Coogan, who is leaving for a CFO opportunity in a different industry [1][3]. Group 1: Leadership Transition - David Ryzhik, previously Senior Vice President of Investor Relations and Corporate Strategy, will assume the role of Interim CFO effective March 12, 2026 [1][3]. - James Coogan will remain with the company until April 24 to ensure a smooth transition [1]. - The company will engage a leading executive search firm to find a permanent CFO [1]. Group 2: Leadership Confidence - President and CEO Russell Low expressed confidence in Ryzhik's ability to lead during this transition, citing his deep knowledge of the business and strong relationships with financial stakeholders [3]. - Ryzhik aims to continue the momentum at Axcelis and focus on executing the company's strategy and integration planning with Veeco [3]. Group 3: Background of David Ryzhik - Ryzhik has over 20 years of experience in finance and investor relations, having served in various roles including Vice President of Investor Relations at MKS Instruments and Senior Equity Research Analyst at Susquehanna International Group [4]. - He holds an MBA in Financial Management and a Bachelor's in Finance and Accounting from Pace University's Lubin School of Business [4]. Group 4: Company Overview - Axcelis Technologies, Inc. has been providing innovative solutions for the semiconductor industry for over 45 years, focusing on ion implantation systems critical to IC manufacturing [5].