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FormFactor Board Appoints Mario Ruscev FormFactor CEO
Current CEO Igor Khandros to Become FormFactor Executive Chairman
| Source: FormFactor
LIVERMORE, CA--(Marketwire - June 3, 2008) - FormFactor, Inc. (NASDAQ : FORM ) today
announced that its board of directors has appointed Mario Ruscev, currently
president, as its next chief executive officer (CEO). Ruscev, 51, will
succeed Igor Khandros, 53, FormFactor's founder, who will become executive
chairman of the FormFactor board of directors. Khandros will succeed Jim
Prestridge, 76, its current chairman, who will remain on the FormFactor
board of directors and become its lead independent director. The changes
will become effective at the beginning of the company's fiscal third
quarter of 2008.
"The FormFactor board of directors is confident that Mario and Igor are the
right team to lead the company through its next stages of growth," said Jim
Prestridge, FormFactor's chairman. "Mario is an unusually capable operating
executive who has a proven track record of driving revenue growth, product
innovation and development, and market introductions. Igor is an incredible
visionary who has a wealth of knowledge about the industry and technology,
and will play a key role in shaping the long-term strategic direction of
the company."
About FormFactor:
Founded in 1993, FormFactor, Inc. (NASDAQ : FORM ) is the leader in advanced
wafer probe cards, which are used by semiconductor manufacturers to
electrically test ICs. The company's wafer sort, burn-in and device
performance testing products move IC testing upstream from post-packaging
to the wafer level, enabling semiconductor manufacturers to lower their
overall production costs, improve yields, and bring next-generation devices
to market. FormFactor is headquartered in Livermore, California with
operations in Europe, Asia and North America. For more information, visit
the company's website at www.formfactor.com.
FormFactor and the FormFactor logo are registered trademarks of FormFactor,
Inc. All other product, trademark, company or service names mentioned
herein are the property of their respective owners.
FORM-F