Ultra Clean Announces Clarence Granger as Interim CEO
Ultra Clean Holdings (UCTT) announced the immediate resignation of CEO Jim Scholhamer due to personal health reasons. Clarence Granger, the company's Chairman and founding CEO, has been appointed as interim CEO while the board forms a search committee for a permanent replacement.
Granger, who has served on UCT's Board since 2002 and as Chairman since 2006, previously held multiple leadership roles including COO and Executive VP of Operations from 1996 to 2015, including 12 years as CEO. He brings extensive knowledge of UCT's operations, strategy, and industry relationships.
Under Scholhamer's leadership, the company experienced significant growth across semiconductor cycles and the global pandemic. UCT has expanded its portfolio of offerings, supporting various stages of industry growth from fab construction to equipment buildout and servicing. The company maintains ample capacity, operational excellence, and high-quality products to support increasing customer demand.
Ultra Clean Holdings (UCTT) ha annunciato le dimissioni immediate del CEO Jim Scholhamer per motivi di salute personale. Clarence Granger, il Presidente dell'azienda e CEO fondatore, è stato nominato CEO ad interim mentre il consiglio forma un comitato di ricerca per un sostituto permanente.
Granger, che fa parte del Consiglio di UCT dal 2002 e ricopre il ruolo di Presidente dal 2006, ha precedentemente ricoperto diversi ruoli di leadership, tra cui COO e VP Esecutivo delle Operazioni dal 1996 al 2015, inclusi 12 anni come CEO. Porta con sé una vasta conoscenza delle operazioni, della strategia e delle relazioni industriali di UCT.
Sotto la guida di Scholhamer, l'azienda ha registrato una significativa crescita durante i cicli dei semiconduttori e la pandemia globale. UCT ha ampliato il proprio portafoglio di offerte, supportando varie fasi di crescita dell'industria dalla costruzione di fabbriche all'allestimento e alla manutenzione delle attrezzature. L'azienda mantiene una capacità ampia, un'eccellenza operativa e prodotti di alta qualità per soddisfare la crescente domanda dei clienti.
Ultra Clean Holdings (UCTT) anunció la renuncia inmediata del CEO Jim Scholhamer debido a problemas de salud personal. Clarence Granger, el Presidente de la compañía y CEO fundador, ha sido designado como CEO interino mientras la junta forma un comité de búsqueda para un reemplazo permanente.
Granger, quien ha sido parte de la Junta de UCT desde 2002 y Presidente desde 2006, ha ocupado anteriormente múltiples roles de liderazgo, incluyendo COO y VP Ejecutivo de Operaciones desde 1996 hasta 2015, incluyendo 12 años como CEO. Aporta un amplio conocimiento de las operaciones, la estrategia y las relaciones industriales de UCT.
Bajo el liderazgo de Scholhamer, la compañía experimentó un crecimiento significativo a lo largo de los ciclos de semiconductores y la pandemia global. UCT ha ampliado su cartera de ofertas, apoyando diversas etapas del crecimiento industrial desde la construcción de fábricas hasta el montaje y mantenimiento de equipos. La compañía mantiene una amplia capacidad, excelencia operativa y productos de alta calidad para satisfacer la creciente demanda de los clientes.
Ultra Clean Holdings (UCTT)는 개인 건강 문제로 인해 CEO Jim Scholhamer가 즉시 사임한다고 발표했습니다. Clarence Granger는 회사의 회장이자 창립 CEO로서 임시 CEO로 임명되었으며, 이사회는 영구적인 후임자를 찾기 위한 검색 위원회를 구성합니다.
Granger는 2002년부터 UCT 이사회에서 활동해 왔으며, 2006년부터 회장직을 맡고 있습니다. 그는 1996년부터 2015년까지 COO와 운영 부사장 등 여러 리더십 역할을 수행했으며, 12년 동안 CEO로 재직했습니다. 그는 UCT의 운영, 전략 및 산업 관계에 대한 폭넓은 지식을 보유하고 있습니다.
Scholhamer의 지도 아래, 회사는 반도체 주기와 글로벌 팬데믹 동안 상당한 성장을 경험했습니다. UCT는 공장 건설에서 장비 구축 및 서비스에 이르기까지 산업 성장의 다양한 단계를 지원하는 포트폴리오를 확장했습니다. 회사는 고객의 증가하는 수요를 지원하기 위해 충분한 용량, 운영 우수성 및 고품질 제품을 유지하고 있습니다.
Ultra Clean Holdings (UCTT) a annoncé la démission immédiate de son PDG Jim Scholhamer pour des raisons de santé personnelle. Clarence Granger, le président de l'entreprise et PDG fondateur, a été nommé PDG par intérim pendant que le conseil d'administration forme un comité de recherche pour un remplaçant permanent.
Granger, qui siège au conseil d'administration de UCT depuis 2002 et en tant que président depuis 2006, a précédemment occupé plusieurs postes de direction, y compris COO et VP Exécutif des Opérations de 1996 à 2015, dont 12 ans en tant que PDG. Il apporte une vaste connaissance des opérations, de la stratégie et des relations industrielles de UCT.
Sous la direction de Scholhamer, l'entreprise a connu une croissance significative au cours des cycles des semi-conducteurs et de la pandémie mondiale. UCT a élargi son portefeuille d'offres, soutenant diverses étapes de la croissance industrielle, de la construction de usines à la mise en place et à l'entretien d'équipements. L'entreprise maintient une capacité ample, une excellence opérationnelle et des produits de haute qualité pour répondre à la demande croissante des clients.
Ultra Clean Holdings (UCTT) gab die sofortige Rücktritt von CEO Jim Scholhamer aus gesundheitlichen Gründen bekannt. Clarence Granger, der Vorsitzende des Unternehmens und Gründung-CEO, wurde als interimistischer CEO ernannt, während der Vorstand ein Suchkomitee für einen dauerhaften Nachfolger bildet.
Granger, der seit 2002 im Vorstand von UCT tätig ist und seit 2006 als Vorsitzender fungiert, hatte zuvor mehrere Führungspositionen inne, darunter COO und Executive VP of Operations von 1996 bis 2015, darunter 12 Jahre als CEO. Er bringt umfangreiche Kenntnisse über die Betriebsabläufe, die Strategie und die Branchenbeziehungen von UCT mit.
Unter der Führung von Scholhamer erlebte das Unternehmen ein signifikantes Wachstum während der Halbleiterzyklen und der globalen Pandemie. UCT hat sein Angebot erweitert und unterstützt verschiedene Phasen des industriellen Wachstums von der Fabrikerrichtung bis hin zum Aufbau und zur Wartung von Geräten. Das Unternehmen verfügt über ausreichende Kapazitäten, operative Exzellenz und qualitativ hochwertige Produkte, um die steigende Kundennachfrage zu unterstützen.
- Experienced Chairman and founding CEO stepping in as interim leader
- Company consistently outgrowing WFE industry performance
- Expanded and diversified product portfolio across industry segments
- Maintains ample manufacturing capacity to meet increasing demand
- Sudden CEO departure creates leadership uncertainty
- Need for permanent CEO replacement could cause strategic delays
Insights
Ultra Clean Holdings (UCTT) has announced an immediate CEO transition with Jim Scholhamer stepping down for personal health reasons and Chairman Clarence Granger assuming the interim CEO role. This unexpected leadership change introduces an element of uncertainty but comes with significant mitigating factors.
The appointment of Granger as interim CEO provides substantial continuity advantages given his deep institutional knowledge. As UCT's founding CEO who previously led the company for 12 years (1996-2015), Granger possesses comprehensive understanding of UCT's operations, strategy, and customer relationships. His continued involvement as Chairman since 2006 means he's remained closely connected to company developments.
The semiconductor equipment industry places high value on customer relationships and operational execution - areas where the existing leadership team has demonstrated strong performance by "outgrowing the WFE industry." UCT has strategically diversified its offerings across the semiconductor manufacturing ecosystem, supporting all phases from fab construction to equipment buildout and servicing.
While unplanned CEO departures typically create market uncertainty, the seamless appointment of a highly qualified interim leader with founding CEO credentials significantly reduces transition risks. Investors should monitor the permanent CEO search process and upcoming quarterly results for any operational impacts during this transition period.
Mr. Granger has served as a member of UCT's Board of Directors since May 2002 and as Chairman since October 2006. From 1996 to 2015, Mr. Granger served in multiple roles within the company including Chief Operating Officer and Executive Vice President of Operations, culminating with 12 years as UCT's CEO. Mr. Granger has extensive knowledge of UCT's business, strategy, people, operations, competition and financial position. He provides recognized executive leadership and vision in addition to a global network of customer, industry and government relationships.
"On behalf of the entire company, I would like to thank Jim for his leadership," said Mr. Granger. "Under his direction, Jim successfully oversaw significant growth throughout several semiconductor cycles and a global pandemic while building a world-class team to support UCT's growth strategy."
Mr. Granger continued, "the experienced leadership team has demonstrated the ability over several years to continually outgrow the WFE industry due to their deep relationships with their customers, strong manufacturing execution and technical expertise."
Over the past several years, UCT has expanded and diversified its portfolio of offerings, broadening the applications and platforms that support all stages of industry growth – from fab construction to equipment buildout and servicing of the installed base. With ample capacity, operational excellence, and high-quality products and services, UCT is well positioned to support significant demand increases ensuring its customers' success.
Ultra Clean will be hosting a conference call and webcast at 1:30 p.m. PT today. The call can be accessed by dialing 1-800-836-8184 or 1-646-357-8785. No passcode is required. A replay of the call will be available by dialing 1-888-660-6345 or 1-646-517-4150 and entering the confirmation code 43194#.
The Webcast will be available on the Investor Relations section of the Company's website at http://uct.com/investors/events/.
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
Safe Harbor Statement
The foregoing information contains, or may be deemed to contain, "forward-looking statements" (as defined in the US Private Securities Litigation Reform Act of 1995) which reflect our current views with respect to future events and financial performance. We use words such as "anticipates," "projection," "outlook," "forecast," "believes," "plan," "expect," "future," "intends," "may," "will," "estimates," "see," "predicts," "should" and similar expressions to identify these forward-looking statements. Forward looking statements included in this press release include our expectations about the semiconductor capital equipment market and outlook. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, the Company's actual results may differ materially from the results predicted or implied by these forward-looking statements. These risks, uncertainties and other factors also include, among others, those identified in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations'' and elsewhere in our annual report on Form 10-K for the year ended December 27, 2024, as filed with the Securities and Exchange Commission. Ultra Clean Holdings, Inc. undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise unless required by law.
Contact:
Rhonda Bennetto
SVP Investor Relations
rbennetto@uct.com
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SOURCE Ultra Clean Holdings, Inc.
FAQ
Why did Ultra Clean Holdings (UCTT) CEO Jim Scholhamer resign in March 2025?
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