Nova Announces Leadership Changes
Nova (Nasdaq: NVMI) has announced significant leadership changes. Gaby Waisman, previously Chief Business Officer, will succeed Eitan Oppenhaim as President and CEO effective March 31, 2023. Oppenhaim will transition to the role of Executive Chairman of the Board. Under Oppenhaim's leadership since 2013, Nova experienced accelerated growth, bolstered its market position, and successfully completed strategic acquisitions, including ReVera and ancosys. The Board expressed confidence in Waisman's ability to lead further growth, reflecting a well-established succession plan.
- Gaby Waisman's appointment as CEO is backed by over 20 years of management experience in global companies, likely bringing fresh perspectives.
- Eitan Oppenhaim's transition to Executive Chairman ensures continuity in leadership and strategic direction.
- Nova's strategic acquisitions under Oppenhaim's leadership contributed positively to company diversification.
- Concerns regarding continuity as leadership changes may pose temporary disruptions in strategic execution.
Eitan Oppenhaim to succeed
As CBO, Waisman was responsible for Nova's diversified businesses, delivering value to Nova's customers around the globe. He oversaw the Company's business units, global branches, sales, application and service teams. Waisman is a seasoned leader with more than 20 years of proven management roles in global public companies, including executive positions in
Oppenhaim, the current CEO and President, will assume a new role as Executive Chairman of the Board. During his tenure as CEO, Nova accelerated its growth while strengthening the company's position across industry segments, territories, and customers. He was also responsible for the successful acquisitions of ReVera and ancosys as part of the Nova's long-term strategy to diversify its activities and outperform the market. Oppenhaim continued to fortify Nova's foundation as a company with a strong brand, leading technology, and exceptional talent.
"I am pleased to announce Gaby's appointment as Nova's CEO and President," said
"We are extremely grateful for Eitan's contribution over the past 10 years," continued Cohen. "His sound leadership, deep industry expertise, and vision for the future drove Nova's strong performance and growth in an increasingly challenging environment. We appreciate Eitan's contribution as CEO and President and are confident in his ability to continue Nova's success in the coming years as Executive Chairman of the Board. We thank
"I am deeply honored to have led Nova as CEO and President for the last decade," said Oppenhaim. "During this period, we built a strong company with a solid brand, which positions us among the most successful companies in our industry. Together with Nova's excellent team, we have grown the Company to be a real innovation leader, expanding our reach to multiple technologies and industries, and cementing our reputation as outperformers. As Executive Chairman of the Board, I will remain active and support Gaby as he transitions to the CEO role. I trust Nova's excellent seasoned management team, under Gaby's leadership, to take the Company to the next level and exceed Nova's long-term strategic plan."
"I am honored to be appointed as Nova's CEO," Waisman said "I want to thank Eitan for his support and mentorship over the past few years and the Board of Directors for its confidence and trust. I share Eitan's pride in what Nova's team and its management have accomplished, as well as his vision of Nova's future. I look forward to leading the Company to new horizons."
About Nova
Nova is a leading innovator and key provider of material, optical and chemical metrology solutions for advanced process control in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova's product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into developing and producing the most advanced semiconductor devices. Nova's unique capability to deliver innovative solutions enables its customers to improve performance, enhance product yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices worldwide. Additional information may be found on https://www.novami.com.
Nova is traded on the Nasdaq and TASE, Nasdaq ticker symbol NVMI.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding, but not limited to, anticipated growth opportunities and projections about our business and its future revenues, expenses and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to, the following: catastrophic events such as the outbreak of COVID-19; increased information technology security threats and sophisticated computer crime; foreign political and economic risks; changes in
Company contact:
Dror David
Chief Financial Officer
+972-73-229-5760
investors@novami.com
https://www.novami.com
Investor Relations contact:
+917-607-8654
msegal@ms-ir.com
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