Ultra Clean Announces Appointment of Chief Operating Officer

Rhea-AI Summary

Ultra Clean Holdings (Nasdaq: UCTT) has appointed Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024. Bajwa, who will be based in Singapore, brings 30 years of global operations experience, including roles at Reconext and Flex. During his tenure at Flex, he significantly increased revenue and operating profits. CEO Jim Scholhamer stated that Bajwa's expertise in scaling operations and managing supply chains will be important for the company's growth. Bajwa holds degrees in Mechanical Engineering and has completed executive programs at MIT and Stanford.

Positive

• Appointment of Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024.
• Harjinder Bajwa brings 30 years of global operations expertise.
• Bajwa has experience in strategy development, operations improvement, quality control, lean manufacturing, and cost management.
• At Flex, Bajwa grew the High Reliability Solutions business unit's revenue and operating profits significantly.
• CEO Jim Scholhamer emphasizes Bajwa's ability to scale multi-billion-dollar operations and manage complex supply chains.
• Bajwa's background includes executive education from MIT and Stanford, enhancing his leadership credentials.

Negative

• The press release does not mention any immediate financial benefits or expected revenue growth from the appointment.
• Uncertainty about how quickly Bajwa's strategies will impact Ultra Clean's performance.

HAYWARD, Calif., May 15, 2024 /PRNewswire/ -- Ultra Clean Holdings Inc. (Nasdaq: UCTT) today announced that it has appointed Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024. Mr. Bajwa will be based in Singapore.

Mr. Bajwa brings 30 years of global operations expertise, including strategy development and execution, operations improvement and quality control, lean manufacturing and cost management. Most recently, Harjinder was the Chief Operating Officer for Reconext, a leading provider of aftermarket lifecycle services for electronics. Prior, he held various roles with Flex, Ltd. for 26 years. From 2011 to 2021, he was the Senior Vice President, Global Operations of the High Reliability Solutions business unit, where he oversaw more than 40 sites in the Americas, Asia and Europe, and significantly grew the business unit's revenue and operating profits.

"Harjinder's deep experience leading manufacturing operations worldwide and demonstrated success in operational excellence make him an ideal person for this role as we continue to extend our leading position as a partner of choice for our customers," said Jim Scholhamer, CEO. "We believe his expertise in scaling multi-billion-dollar operations, managing complex supply chains and achieving operational efficiencies will play a key role as we prepare for the next industry ramp."

Mr. Bajwa holds a B.S. in Mechanical Engineering from Panjab University and a M.S. in Engineering from San Jose State University. He has also completed executive development programs at the Massachusetts Institute of Technology and Stanford University.  

About Ultra Clean Holdings, Inc. 

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Contact:

Rhonda Bennetto
SVP Investor Relations
rbennetto@uct.com

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SOURCE Ultra Clean Holdings, Inc.

FAQ

When will Harjinder Bajwa start his role as COO at Ultra Clean Holdings?

Harjinder Bajwa will start his role as Chief Operating Officer on June 10, 2024.

What kind of experience does Harjinder Bajwa bring to Ultra Clean Holdings?

Harjinder Bajwa brings 30 years of global operations experience, including strategy development, operations improvement, quality control, lean manufacturing, and cost management.

What positions has Harjinder Bajwa held before joining Ultra Clean Holdings?

Before joining Ultra Clean, Harjinder Bajwa was the Chief Operating Officer at Reconext and held various roles at Flex, most notably as Senior Vice President, Global Operations of the High Reliability Solutions business unit.

Where will Harjinder Bajwa be based in his new role at Ultra Clean Holdings?

Harjinder Bajwa will be based in Singapore.

What educational background does Harjinder Bajwa have?

Harjinder Bajwa holds a B.S. in Mechanical Engineering from Panjab University and an M.S. in Engineering from San Jose State University. He has also completed executive development programs at MIT and Stanford.