Cohu Appoints Andy Mattes to its Board of Directors

Rhea-AI Summary

Cohu, Inc. has appointed Andreas W. Mattes to its Board of Directors effective November 1, 2022. Mattes, who brings over 30 years of global technology leadership experience, previously transformed Coherent, Inc. and led its $6.6 billion acquisition. His extensive background includes roles as CEO at Diebold Nixdorf and Siemens Communications. Cohu's leadership anticipates that Mattes will contribute strategic insights and enhance the company's growth potential in the semiconductor sector.

Positive

• Andreas W. Mattes brings over 30 years of technology leadership experience.
• His previous role involved transforming Coherent, Inc. and overseeing its $6.6 billion acquisition.
• Cohu's leadership expects to benefit from Mattes' strategic insights and experience in global technology enterprises.

Negative

• None.

POWAY, Calif.--(BUSINESS WIRE)-- Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that Andreas (“Andy”) W. Mattes has been appointed to the Cohu Board of Directors, effective November 1, 2022. Mr. Mattes will also serve on the Compensation Committee.

Mr. Mattes brings to Cohu’s Board of Directors extensive experience as a global technology CEO and business executive with more than 30 years of management experience. He most recently served as President and CEO of Coherent, Inc., where he operationally transformed the company and led its $6.6 billion acquisition by II-VI Incorporated in July 2022. Prior to Coherent, Mr. Mattes was a Senior Advisor at McKinsey & Company, where he focused on advising international businesses on high-impact transformations, agile change and positioning companies for growth. Prior to that, he served as President and CEO of Diebold Nixdorf, Incorporated, a multinational financial and retail technology company. Under Mr. Mattes’ leadership, Diebold Nixdorf became the largest ATM provider worldwide, through a re-shifting of the company's focus to services and software along with the successful execution of one of the largest US-German cross-border corporate mergers. Previously, he spent more than five years in executive leadership positions at Hewlett Packard, including leading worldwide sales for the technology solutions group and running the Americas enterprise services business. He spent the first 20 years of his career at Siemens AG culminating in his role as CEO of Siemens Communications Inc., USA. Mr. Mattes also serves on the board of Velodyne Lidar, Inc. (NASDAQ: VLDR), a lidar solutions provider for industrial, robotics, automotive, mapping and security markets.

“We are pleased to add Andy to Cohu’s Board of Directors. He brings public company CEO experience with a proven track record in running and growing global technology enterprises, including systems hardware, software and services businesses across several industries. We look forward to drawing upon his impressive strategic experience and leadership skills,” said James A. Donahue, Chairperson of the Board.

About Cohu:

Cohu (NASDAQ: COHU) is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market. Additional information can be found at www.cohu.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221031005050/en/

Investor Contact:

Cohu, Inc.

Jeffrey D. Jones - Investor Relations

858-848-8106

Source: Cohu, Inc.

FAQ

Who is Andreas W. Mattes and what is his background?

Andreas W. Mattes is a seasoned technology executive with over 30 years of experience, previously serving as CEO of Coherent, Inc. and Diebold Nixdorf.

When did Andreas W. Mattes join Cohu's Board of Directors?

Andreas W. Mattes joined Cohu's Board of Directors effective November 1, 2022.

What role will Andreas W. Mattes play on Cohu's Board?

He will serve on the Compensation Committee in addition to his position on the Board.

What are the expected impacts of Mattes' appointment on Cohu?

His appointment is expected to enhance Cohu's growth potential with his strategic insights from his extensive technology leadership experience.

Which companies has Andreas W. Mattes worked for prior to Cohu?

Before joining Cohu, Mattes held leadership positions at Coherent, Diebold Nixdorf, Hewlett Packard, and Siemens AG.