Dr. Mark Gitin Joins MKS Instruments to Lead the Photonics Business Unit
ANDOVER, Mass., Sept. 07, 2017 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of technologies that enable advanced processes and improve productivity, announced today that Dr. Mark Gitin has joined the company as Vice President and General Manager, Photonics Business Unit, which is comprised of industry leading solutions in optics, optical filters, gratings, opto-mechanical components and vibration control. Dr. Gitin brings to the company over 25 years of experience in the optics and laser industry. He was most recently Vice President and General Manager of Coherent's Diode Laser, Fiber and Systems Group and had 20 years of experience with that company, including executive roles in Strategic Marketing and Business Development.
Dr. Gitin received his Bachelor of Science Degree from The University of California at Davis and earned his Ph D. in Electrical Engineering from Cornell University, where he focused on ultrafast lasers. He also holds several patents encompassing technological advances in solid-state lasers, semiconductor lasers, and laser material processing.
"Mark is an outstanding addition to the MKS Light & Motion Division leadership team. As we continue to offer best in class solutions based upon our industry leading brands of Newport, Spectra-Physics, and Ophir, we expect Mark's in depth knowledge and expertise to help us accelerate our growth as we demonstrate the value of our extensive product offerings to our customers," said Dennis Werth, Senior Vice President and General Manager, Light & Motion Division.
"I am pleased to have Mark join the MKS leadership team," said John T.C. Lee, Senior Vice President and Chief Operating Officer. "The Photonics market has been a core segment for MKS and Mark brings a history of success that will help drive further growth as we solve our customers' most critical challenges."
About MKS Instruments
MKS Instruments, Inc. is a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor, and analyze critical parameters of advanced manufacturing processes to improve process performance and productivity. Our products are derived from our core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control and information technology, ozone generation and delivery, RF & DC power, reactive gas generation, vacuum technology, photonics, sub-micron positioning, vibration isolation and optics. Our primary served markets include semiconductor capital equipment, general industrial, life sciences and research. Additional information can be found at www.mksinst.com.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this release regarding MKS management's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are only predictions based on current assumptions and expectations. Actual events or results may differ materially from those in the forward-looking statements. Among the important factors that could cause actual events to differ materially from those in the forward-looking statements are the conditions affecting the markets in which we operate, including the fluctuations in capital spending in the semiconductor industry, and other advanced manufacturing markets, fluctuations in net sales to our major customers, our ability to successfully integrate Newport Corporation's operations and employees, unexpected risks, costs, charges or expenses resulting from acquisitions, the terms of the term loan financing, fluctuations in interest rates, MKS' ability to realize anticipated synergies and cost savings from the Newport acquisition, our ability to successfully grow our business, potential fluctuations in quarterly results, the challenges, dependence on new product development, rapid technological and market change, acquisition strategy, manufacturing and sourcing risks, volatility of stock price, international operations, financial risk management, and the other factors described in MKS' Annual Report for the year ended December 31, 2016 on Form 10-K filed with the SEC. MKS is under no obligation to, and expressly disclaims any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.