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Ultra Clean Announces Departure of Chief Operating Officer

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Ultra Clean Holdings, Inc. (Nasdaq: UCTT) announced that its Chief Operating Officer, Vijay Chinnasami, will be leaving the company as of December 31, 2023. Chinnasami has played a significant role in UCT's growth by diversifying and scaling the business globally. The company is currently searching for his replacement.
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HAYWARD, Calif., Oct. 30, 2023 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that Vijay Chinnasami, Chief Operating Officer, will be leaving UCT as of December 31, 2023.

"Over the past four and a half years, Vijay has made substantial contributions to UCT's growth by effectively diversifying and scaling our global business on many levels," said Jim Scholhamer, CEO. "We sincerely thank Vijay for his leadership in implementing many strategic initiatives, integrating acquisitions, adding new global facilities, and spearheading industry-leading manufacturing automation solutions. We wish him all the best in his future endeavors."

A search is underway for Mr. Chinnasami's replacement and an announcement will be made in due course.

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

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 30, 2022, 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.

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SOURCE Ultra Clean Holdings, Inc.

FAQ

When will Vijay Chinnasami be leaving Ultra Clean Holdings, Inc.?

Vijay Chinnasami will be leaving Ultra Clean Holdings, Inc. as of December 31, 2023.

What is Vijay Chinnasami's role at UCT?

Vijay Chinnasami is the Chief Operating Officer at Ultra Clean Holdings, Inc.

How long has Vijay Chinnasami been with UCT?

Vijay Chinnasami has been with Ultra Clean Holdings, Inc. for four and a half years.

What contributions did Vijay Chinnasami make to UCT's growth?

Vijay Chinnasami made substantial contributions to UCT's growth by effectively diversifying and scaling the global business on multiple levels.

Who made the announcement about Vijay Chinnasami's departure?

Jim Scholhamer, the CEO of Ultra Clean Holdings, Inc., made the announcement about Vijay Chinnasami's departure.

What initiatives did Vijay Chinnasami implement during his tenure?

Vijay Chinnasami implemented strategic initiatives, integrated acquisitions, added new global facilities, and spearheaded industry-leading manufacturing automation solutions.

Is Ultra Clean Holdings, Inc. actively looking for a replacement?

Yes, Ultra Clean Holdings, Inc. is currently searching for Vijay Chinnasami's replacement.

Ultra Clean Holdings, Inc.

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