Aurora, IL, Nov. 15, 2013 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), the world's leading supplier of chemical mechanical planarization (CMP) polishing slurries and a growing CMP pad supplier to the semiconductor industry, today announced that William S. Johnson, Executive Vice President and Chief Financial Officer, has been named 2013 Chicago CFO of the Year by the Financial Executives International (FEI) Chicago Chapter. The award recognizes senior financial leaders for their exceptional contributions to a business, as demonstrated by their quality, insight and direction.
Mr. Johnson won the award in the mid-size public company category. Award recipients are determined by a committee of independent judges, comprised of finance professionals in industry and academia.
"I am honored to be named a Chicago CFO of the year, and to have been able to serve as Cabot Microelectronics' CFO over the past ten years as we have grown and strengthened our business during a dynamic time in the semiconductor industry and the world economy. This recognition, which reflects the wealth of opportunities available to companies like ours to create value for our shareholders, customers and employees, arises from the strength of Cabot Microelectronics' entire accounting and finance team," Johnson said.
"Bill is an outstanding CFO, strategic leader, and colleague, who has contributed significantly to Cabot Microelectronics' success in countless ways. Whether in spearheading our leveraged recapitalization with a special cash dividend last year, which delivered approximately $350 million to our shareholders, or consistently demonstrating admirable corporate stewardship through consistent, prudent financial management, Bill's positive impact on our company has been substantial, and we are delighted that he has received this well-earned recognition from FEI," said William Noglows, Chairman and CEO of Cabot Microelectronics.
ABOUT CABOT MICROELECTRONICS CORPORATION
Cabot Microelectronics Corporation, headquartered in Aurora, Illinois, is the world's leading supplier of CMP polishing slurries and a growing CMP pad supplier to the semiconductor industry. The company's products play a critical role in the production of advanced semiconductor devices, enabling the manufacture of smaller, faster and more complex devices by its customers. The company's mission is to create value by developing reliable and innovative solutions, through close customer collaboration, that solve today's challenges and help enable tomorrow's technology. Since becoming an independent public company in 2000, the company has grown to approximately 1,050 employees on a global basis. For more information about Cabot Microelectronics Corporation, visit www.cabotcmp.com or contact Trisha Tuntland, Manager of Investor Relations at 630-499-2600.
SAFE HARBOR STATEMENT
This news release may include statements that constitute "forward looking statements" within the meaning of federal securities regulations. These forward-looking statements include statements related to: future sales and operating results; company and industry growth, contraction or trends; growth or contraction of the markets in which the company participates; international events, regulatory or legislative activity, or various economic factors; product performance; the generation, protection and acquisition of intellectual property, and litigation related to such intellectual property; new product introductions; development of new products, technologies and markets; natural disasters; the acquisition of or investment in other entities; uses and investment of the company's cash balance; financing facilities and related debt, payment of principal and interest, and compliance with covenants and other terms; the company's capital structure; and the construction and operation of facilities by Cabot Microelectronics Corporation. These forward-looking statements involve a number of risks, uncertainties, and other factors, including those described from time to time in Cabot Microelectronics' filings with the Securities and Exchange Commission (SEC), that could cause actual results to differ materially from those described by these forward-looking statements. In particular, see "Risk Factors" in the company's quarterly report on Form 10-Q for the quarter ended June 30, 2013 and in the company's annual report on Form 10-K for the fiscal year ended September 30, 2012, both filed with the SEC. Cabot Microelectronics assumes no obligation to update this forward-looking information.