6 May 2014

Veeco appoints new CFO

Epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has appointed Shubham Maheshwari as its new executive VP, finance & chief financial officer (CFO). He replaces David D. Glass, who announced his retirement from Veeco last December.

Picture: Veeco’s new chief financial officer Shubham Maheshwari.

Maheshwari has more than 20 years of experience in engineering and finance. Most recently, he was CFO of OnCore, a global manufacturer of electronic products in the medical, aerospace, defense and industrial markets. Previously, he held various finance roles including senior VP finance, treasury, tax & investor relations at Spansion, a provider of Flash-memory-based embedded system solutions. Maheshwari helped to lead Spansion’s emergence from bankruptcy to become a successful public company. Prior to Spansion, he spent over ten years at semiconductor equipment manufacturer KLA-Tencor in various senior-level corporate development and finance roles, including VP of corporate development and corporate controller. While at KLA-Tencor, he worked on over $1bn in acquisition transactions.

Maheshwari holds a B.S. in Chemical Engineering from the Indian Institute of Technology in Delhi, India, an M.S. in Chemical Engineering from Kansas State University, and an MBA from the Wharton Business School, University of Pennsylvania.

“Shubham brings an ideal mix of highly relevant financial leadership experience to Veeco,” comments chairman & CEO John Peeler.

“Veeco has done an impressive job managing through an extended downturn, but I think the best is still in front of the company,” says Maheshwari. “I look forward to helping to strengthen the business and capitalizing on the significant growth opportunities ahead.”

Tags: Veeco MOCVD MBE ALD

Visit: www.veeco.com