Product category: Stand-Alone Instruments
News Release from: Credence Systems Corp
Edited by the Electronicstalk Editorial Team on 18 April 2007
Leo to manage financial growth
Credence Systems Corp has appointed Joy E Leo as Senior Vice President of Finance and Chief Financial Officer
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In her new role, Leo will report to Credence's President and Chief Executive Officer, Lavi Lev, and assume direct responsibility for all activities related to the CFO function. John Batty, who has served as Chief Financial Officer since December 2004, will remain at Credence through Leo's effective date and work closely with her to assist with a smooth transition.
'Joy's strong leadership and industry experience, as well her corporate finance and management acumen, make her an excellent choice to be Credence's new CFO', said Lev.
'With her demonstrated track record of growing successful high technology companies, driving operational efficiencies, and building shareholder value, Joy will be a valuable addition to Credence as we position the company to achieve sustained profitability'.
'We are very pleased to have her join the Credence management team'.
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Leo has more than 25 years of financial and corporate management experience with leading electronics companies.
Prior to joining Credence, Leo was Vice President of Finance and Administration, Chief Financial Officer and Secretary for Artisan Components, now known as ARM Holdings.
During her tenure at Artisan, she successfully guided the company to year-over-year net income growth and significantly improved operational efficiency.
Leo also served as Vice President of Finance and Administration and Chief Financial Officer for IMP.; Vice President of Finance, Operations and Administration at Innomedia; and, Vice President and Chief Financial Officer for Philips Components.
Leo holds a bachelor's degree in business administration and finance from the University of Utah.
'We appreciate John Batty's leadership and his many important contributions to Credence', Lavi said.
'We wish him well as he transitions from Credence to pursue other opportunities'.
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