|Veeco Appoints New EVP, Global Field Operations|
WOODBURY, N.Y.--(BUSINESS WIRE)--Dec. 6, 2006--Veeco Instruments Inc. (Nasdaq: VECO) today announced that it has appointed Benjamin Loh Gek Lim to the newly created position of Executive Vice President of Global Field Operations, which includes management of Veeco's global sales and service organization. Mr. Loh was formerly Senior Vice President of Veeco's Asia Pacific Operations. Veeco also announced that John Bulman, formerly head of worldwide sales for Veeco, will assume the key position of Senior Vice President, North American and Worldwide Sector Sales.
Edward H. Braun, Veeco's Chairman and Chief Executive Officer, commented, "Since joining Veeco last year, Benjamin Loh has been a tremendous asset in building our business in Asia, which is now approximately 40% of our revenues and the fastest growing region for Veeco. We intend to leverage Benjamin's skills to a more significant role in growing our global sales and service business. He will have a particular focus on enhancing our market penetration, accelerating new product sales, and increasing customer satisfaction. Benjamin is the first senior Veeco corporate executive to reside in APAC, indicative of our commitment to the region. John Bulman's experience and industry relationships will continue to benefit Veeco as he focuses on extending Veeco's relationships with key customers in our data storage, HB-LED/wireless, semiconductor and scientific research markets. Veeco will benefit by having these two key executives in leadership sales and service positions."
Prior to joining Veeco in 2005, Mr. Loh was SVP of Asia and President of Unaxis Shanghai. Throughout the course of his career, Mr. Loh has worked in a number of positions of increasing responsibility spanning most of Asia, including Singapore, Korea, Japan, Hong Kong and China.
Veeco Instruments Inc. provides solutions for nanoscale applications in the worldwide data storage, semiconductor, HB-LED/wireless and scientific research markets. Our Metrology products are used to measure at the nanoscale and our Process Equipment tools help create nanoscale devices. Veeco's manufacturing and engineering facilities are located in New York, New Jersey, California, Colorado, Arizona and Minnesota. Global sales and service offices are located throughout the United States, Europe, Japan and Asia Pacific. Additional information on Veeco can be found at http://www.veeco.com/.
To the extent that this news release discusses expectations about market conditions, market acceptance and future sales of Veeco's products, Veeco's future financial performance, future disclosures, or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the challenges of volatility in end market conditions and the cyclical nature of the data storage, semiconductor, HB-LED/wireless and scientific research markets, risks associated with integrating acquired businesses and the acceptance of new products by individual customers and by the marketplace and other factors discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended December 31, 2005, subsequent Quarterly Reports on Form 10-Q and current reports on Form 8-K. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.