Coherent Appoints Sherri Luther as Chief Financial Officer
Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, has appointed Sherri Luther as its new Chief Financial Officer and Treasurer, effective immediately. Luther joins Coherent from Lattice Semiconductor, where she served as CFO since 2019. She previously spent 16 years at Coherent, Inc., including as Corporate Vice President of Finance.
CEO Jim Anderson expressed confidence in Luther's ability to help unlock Coherent's full potential, citing their previous work together at Lattice and her proven track record as a public company CFO. Luther brings over 30 years of strategic and financial operations experience, with expertise in various financial and operational areas.
The company thanked Rich Martucci for his leadership as Interim CFO and his continued service to ensure a smooth transition. Luther, a Certified Public Accountant with an Executive MBA from Stanford, also serves on the Board of Directors of Silicon Labs and is NACD Directorship Certified.
Coherent Corp. (NYSE: COHR), un leader globale nei materiali, nel networking e nei laser, ha nominato Sherri Luther come nuovo Direttore Finanziario e Tesoriere, con effetto immediato. Luther arriva in Coherent dopo aver ricoperto il ruolo di CFO presso Lattice Semiconductor dal 2019. In precedenza, ha trascorso 16 anni in Coherent, Inc., incluso il ruolo di Vicepresidente Corporate delle Finanze.
Il CEO Jim Anderson ha espresso fiducia nella capacità di Luther di aiutare a sbloccare il pieno potenziale di Coherent, citando il loro lavoro precedente insieme a Lattice e il suo comprovato curriculum come CFO di una società pubblica. Luther porta con sé oltre 30 anni di esperienza in operazioni strategiche e finanziarie, con competenze in vari ambiti finanziari e operativi.
La società ha ringraziato Rich Martucci per la sua leadership come CFO ad interim e il suo contributo continuo per garantire una transizione senza intoppi. Luther, Dottore Commercialista con un Executive MBA da Stanford, è anche membro del Consiglio di Amministrazione di Silicon Labs ed è certificata NACD Directorship.
Coherent Corp. (NYSE: COHR), líder global en materiales, redes y láseres, ha nombrado a Sherri Luther como su nueva Directora Financiera y Tesorera, con efecto inmediato. Luther se une a Coherent después de haber sido CFO en Lattice Semiconductor desde 2019. Anteriormente, pasó 16 años en Coherent, Inc., incluyendo el cargo de Vicepresidenta Corporativa de Finanzas.
El CEO Jim Anderson expresó confianza en la capacidad de Luther para ayudar a desbloquear el potencial completo de Coherent, citando su trabajo previo junto a Lattice y su historial comprobado como CFO de una empresa pública. Luther trae consigo más de 30 años de experiencia en operaciones estratégicas y financieras, con experiencia en diversas áreas financieras y operativas.
La empresa agradeció a Rich Martucci por su liderazgo como CFO interino y su continuo servicio para asegurar una transición sin problemas. Luther, Contadora Pública Certificada con un Executive MBA de Stanford, también forma parte de la Junta de Directores de Silicon Labs y está certificada por NACD Directorship.
Coherent Corp. (NYSE: COHR)는 재료, 네트워킹 및 레이저 분야에서 글로벌 리더로 자리 잡고 있으며, Sherri Luther를 새로운 최고재무책임자(CFO) 겸 재무총괄로 즉시 임명했습니다. Luther는 2019년부터 Lattice Semiconductor에서 CFO로 재직했습니다. 그녀는 이전에 Coherent, Inc.에서 16년을 보냈으며, 그 중 일부는 재무 부문 부사장으로 일했습니다.
CEO Jim Anderson은 Luther가 Coherent의 잠재력을 최대한 발휘하는 데 도움을 줄 수 있을 것이라고 확신하며, Lattice에서의 공동 작업과 그녀가 공개 기업 CFO로서의 입증된 실적을 언급했습니다. Luther는 30년 이상의 전략 및 재무 운영 경험을 보유하고 있으며, 다양한 재무 및 운영 분야에 대한 전문성을 가지고 있습니다.
회사는 Rich Martucci에게 임시 CFO로서의 리더십과 원활한 전환을 보장하기 위한 지속적인 서비스에 감사의 뜻을 전했습니다. Stanford에서 Executive MBA를 취득한 공인회계사 Luther는 Silicon Labs의 이사회에도 재직 중이며 NACD Directorship 인증을 보유하고 있습니다.
Coherent Corp. (NYSE: COHR), un leader mondial dans les matériaux, le réseau et les lasers, a nommé Sherri Luther comme nouvelle Directrice Financière et Trésorière, avec effet immédiat. Luther rejoint Coherent après avoir été CFO chez Lattice Semiconductor depuis 2019. Auparavant, elle a passé 16 ans chez Coherent, Inc., notamment en tant que Vice-présidente des Finances.
Le PDG Jim Anderson a exprimé sa confiance dans la capacité de Luther à débloquer tout le potentiel de Coherent, citant leur travail précédent ensemble chez Lattice et son expérience reconnue en tant que CFO d'une entreprise publique. Luther apporte plus de 30 ans d'expérience en opérations stratégiques et financières, avec une expertise dans divers domaines financiers et opérationnels.
L'entreprise a remercié Rich Martucci pour son leadership en tant que CFO intérimaire et son engagement continu pour assurer une transition en douceur. Luther, Comptable Agréée avec un Executive MBA de Stanford, siège également au Conseil d'Administration de Silicon Labs et est certifiée NACD Directorship.
Coherent Corp. (NYSE: COHR), ein global führendes Unternehmen in den Bereichen Materialien, Netzwerktechnologie und Lasertechnologie, hat Sherri Luther mit sofortiger Wirkung zur neuen Finanzvorstand und Schatzmeister ernannt. Luther kommt von Lattice Semiconductor, wo sie seit 2019 als CFO tätig war. Zuvor verbrachte sie 16 Jahre bei Coherent, Inc., darunter die Position als Corporate Vice President of Finance.
CEO Jim Anderson äußerte Vertrauen in Luthers Fähigkeit, das volle Potenzial von Coherent zu erschließen, und verwies dabei auf ihre gemeinsame Arbeit bei Lattice sowie ihren nachweislichen Erfolg als CFO eines öffentlichen Unternehmens. Luther bringt über 30 Jahre Erfahrung in strategischen und finanziellen Abläufen mit, mit Expertise in verschiedenen finanziellen und operativen Bereichen.
Das Unternehmen dankte Rich Martucci für seine Führung als Interim CFO und für seinen fortwährenden Einsatz, um einen reibungslosen Übergang zu gewährleisten. Luther ist als Wirtschaftsprüferin zertifiziert und hat einen Executive MBA von Stanford; außerdem ist sie Mitglied des Vorstands von Silicon Labs und NACD Directorship Certified.
- Appointment of experienced CFO with previous tenure at Coherent
- New CFO brings 30+ years of strategic and financial operations expertise
- Smooth transition expected with continued support from interim CFO
- None.
PITTSBURGH, Oct. 11, 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 Sherri Luther as the Company’s new Chief Financial Officer and Treasurer, effective today.
Ms. Luther joins Coherent from Lattice Semiconductor (“Lattice”), where she was Chief Financial Officer since 2019. Before Lattice, Ms. Luther spent 16 years at Coherent, Inc., prior to its acquisition, including as Corporate Vice President of Finance.
“We are pleased to welcome Sherri Luther back to Coherent’s leadership team,” said Jim Anderson, Chief Executive Officer. “Our time working together at Lattice and her previous tenure at Coherent, combined with her proven track record as a public company CFO, make Sherri an ideal leader to help us unlock the full potential of Coherent.”
“I am excited to join Coherent as its next CFO,” said Ms. Luther. “Coherent is well positioned to build on its momentum and deliver enhanced profit growth and cash generation over the long term.”
“I would like to thank Rich Martucci for his outstanding leadership as Interim CFO and for his continued service at Coherent,” said Mr. Anderson. “His experience and leadership will ensure a smooth transition, and I am grateful for his commitment and continued dedication to the company.”
About Sherri Luther
Ms. Luther has more than 30 years of strategic and financial operations experience, with an expertise in financial reporting, forecasting, internal audit, M&A, treasury, investor relations, operations and global supply chain management. Prior to joining Lattice in 2019, Ms. Luther worked at Coherent, Inc. for 16 years, including as Corporate Vice President of Finance. Previously Ms. Luther had senior finance and accounting roles at companies including Quantum, Ultra Network Technologies and Arthur Andersen.
Ms. Luther is a Certified Public Accountant (CPA) and graduated from the Executive MBA Program at Stanford University Graduate School of Business. She holds a Bachelor of Business Administration, with a dual major in Accounting and Finance, from Wright State University. She serves on the Board of Directors of Silicon Labs and is also NACD (National Association of Corporate Directors) Directorship Certified.
About Coherent
Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at coherent.com.
Contact:
Amy Wilson
Corporate Communications & Investor Relations
corporate.communications@coherent.com
Forward Looking Statements
The statements contained in this press release include forward-looking statements relating to future events and expectations, including statements regarding the Company’s ability to benefit from the noted executives’ experience and expertise which is based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company’s performance on a going-forward basis. The forward-looking statements contained herein involve risks and uncertainties, which could cause actual results, performance, or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures.
The Company believes that all forward-looking statements made by it herein have a reasonable basis, but there can be no assurance that management’s expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) the risks relating to forward-looking statements and other “Risk Factors” discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and additional risk factors that may be identified from time to time in filings of the Company; (iii) the substantial indebtedness the Company incurred in connection with its acquisition (the “Transaction”) of Coherent, Inc., the need to generate sufficient cash flows to service and repay such debt, and the Company’s ability to generate sufficient funds to meet its anticipated debt reduction goals; (iv) the possibility that the Company may not be able to continue its integration progress and/or take other restructuring actions, or otherwise be able to achieve expected synergies, operating efficiencies including greater scale, focus, resiliency, and lower operating costs, and other benefits within the expected time frames or at all and ultimately to successfully fully integrate the operations of Coherent, Inc. with those of the Company; (v) the possibility that such integration and/or the restructuring actions may be more difficult, time-consuming, or costly than expected or that operating costs and business disruption (including, without limitation, disruptions in relationships with employees, customers, or suppliers) may be greater than expected in connection with the Transaction and/or the restructuring actions; (vi) any unexpected costs, charges, or expenses resulting from the Transaction and/or the restructuring actions; (vii) the risk that disruption from the Transaction and/or the restructuring actions materially and adversely affects the respective businesses and operations of the Company and Coherent, Inc.; (viii) potential adverse reactions or changes to business relationships resulting from the completion of the Transaction and/or the restructuring actions; (ix) the ability of the Company to retain and hire key employees; (x) the purchasing patterns of customers and end users; (xi) the timely release of new products and acceptance of such new products by the market; (xii) the introduction of new products by competitors and other competitive responses; (xiii) the Company’s ability to assimilate other recently acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (xiv) the Company’s ability to devise and execute strategies to respond to market conditions; (xv) the risks to realizing the benefits of investments in R&D and commercialization of innovations; (xvi) the risks that the Company’s stock price will not trade in line with industrial technology leaders; and/or (xvii) the risks of business and economic disruption related to worldwide health epidemics or outbreaks that may arise. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise.
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