MDC VACUUM PRODUCTS, LLC ANNOUNCES NEW SENIOR MANAGEMENT TEAM
Hayward, CA, October 21, 2008 – MDC Vacuum Products, LLC (“MDC” or the “Company”) today announced the appointment of Luke Marusiak as Chief Executive Officer and member of its Board of Managers, effective today.
The Company also appointed Tom Kim as Chief Financial Officer, effective October 22, 2008.
Messrs. Marusiak and Kim have extensive experience in achieving global corporate growth, strong profitability and operational excellence.
Prior to joining MDC, Mr. Marusiak spent nearly five years as Chief Operating Officer of Intevac, Inc. a publicly traded company that manufactures high vacuum thin film deposition tools used for production of hard disk media. At Intevac, Mr. Marusiak led an operations team that delivered over 600 % revenue growth, an expansion of manufacturing and sales into Asia, and a doubling of gross margins. Prior to Intevac, Mr. Marusiak spent 13 years with Applied Materials, Inc., the largest global supplier of semiconductor wafer fabrication equipment, most recently heading Applied Materials North American Field and Business Operations. Mr. Marusiak is a US Army and Desert Storm veteran. He holds a B.S. in Electrical Engineering from Gannon University and a M.Sc. in Teleprocessing Science from the University of Southern Mississippi.
“I am excited to join the MDC team,” Mr. Marusiak commented. “MDC’s long track record of delivering high quality engineered vacuum components to its customers, together with its talented employee base and strong brand recognition, provide a unique platform for success. In joining MDC, my primary goal is to ensure an unwavering commitment to customer service, quality, worldwide operational excellence and cost efficiency.”
Mr. Kim has over 19 years of senior level experience in global financial management and accounting, with a proven track record of profit improvement and expense management. Prior to joining MDC, Mr. Kim spent approximately 13 years with Applied Materials, most recently as Vice President of Finance, responsible for global finance and business administration. Prior to Applied Materials, Mr. Kim held finance management positions at Cypress Semiconductor Corporation and Siliconix, Inc. Mr. Kim holds a B.A. in Economics from the University of California, Berkeley and a M.S. in Business Administration San Francisco State University. Mr. Kim is a Certified Public Accountant.
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