News: Optoelectronics
16 August 2021
II-VI’s chair Kramer to become Chair Emeritus
Engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA, USA and Coherent Inc of Santa Clara, CA (which provides lasers and laser-based technology for scientific, commercial and industrial applications) says that its board chair and former CEO Francis J. Kramer will transition to Chair Emeritus while continuing as a director, effective immediately following the annual meeting of shareholders in November, when CEO & director Dr Vincent D. (Chuck) Mattera Jr will become chair.
“Chuck has an extensive history and knowledge of the company and its changing markets, and he is the right person to lead the company through these significant evolutions, especially during the upcoming integration with Coherent Inc,” comments Kramer.
Kramer served as president from 1985 to 2007, as president & CEO from 2007 to 2014, and as CEO & board chair from 2014 to 2016, and he continued as chair when Mattera became CEO in 2016. Mattera becomes only the third chair in II-VI’s 50-year history, having been a member of the board from 2000 to 2002, and then joining II-VI as vice president in 2004 and serving in various management roles, ultimately becoming CEO in 2016.
Rear Admiral Marc Y.E. Pelaez (retired) will continue to serve as lead independent director on the board (a position he has held since 2014).
II-VI’s shareholder and Coherent’s stockholders approve merger
II-VI’s CEO named Entrepreneur Of The Year 2020 East Central Award winner
