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Managing Director of Carl Zeiss Becomes New CEO of SUSS MicroTec

Published on November 25, 2008 at 7:31 AM

As announced today by SUSS MicroTec AG, which is listed in the Prime Standard of Deutsche Börse AG, the Supervisory Board has appointed Mr. Frank Averdung (54) to the Management Board of SUSS MicroTec AG. Mr. Averdung has accepted the appointment effective today and will become a member of the company's Management Board by June 1, 2009 at the latest and assume the role of Chief Executive Officer.

In this position, his future activities will focus on sales, marketing and Group strategy – areas in which he can already exhibit attestable achievements from his previous professional positions.

Mr. Averdung is currently the Managing Director of Carl Zeiss SMS GmbH (SMS – Semiconductor Metrology Systems), Jena, a company that specializes in the inspection and repair of photo masks (projection templates for semiconductor production) for the semiconductor industry. Other important positions held during the professional career of this Master of Electrical Engineering include various Managing Director and/or General Manager positions with equipment manufacturers such as NaWoTec GmbH, ETEC Systems and Applied Materials.

Dr. Franz Richter, Chairman of the Supervisory Board of SUSS MicroTec AG, states the reasons for the decision to appoint the new Chief Executive Officer: “Frank Averdung brings to the table not only industry and market expertise, but also an understanding of technology and, above all, a high level of assertiveness. These characteristics are of great value to SUSS MicroTec in light of the long-standing expansionary policy and our goal of improved profitability. I was personally impressed by the fact that Mr. Averdung has had an extremely strong impact on the strategic orientation of the respective companies and divisions during the various positions of his professional career.”

“SUSS MicroTec’s image in the market is a promise to its customers regarding quality and reliability. I hope my efforts will contribute toward making the company even more dynamic and innovative. I think my experience can help advance us into attractive niches of the semiconductor market and utilize the existing market potential more quickly and comprehensively. I look forward to taking on my responsibilities within the new team at SUSS MicroTec,” explains the newly appointed manager.

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