BRIDGEPORT, Conn., March 28, 2018 (GLOBE NEWSWIRE) -- The PMT Group, Inc., parent company of Moore Tool, Moore Nanotechnology Systems, and Producto Corporation, today announced that Mark Boomgarden has been appointed President and Chief Executive Officer of Moore Tool and Moore Nanotechnology Systems, effective April 16, 2018. Len Chaloux, the Co-founder and President / CEO of Moore Nanotechnology Systems, will be stepping down and serve as President Emeritus through the end of calendar year 2018, at which time he will retire.
Newman Marsilius III, CEO of the PMT Group, commented, “I am very excited to have Mark on board as the President and CEO of both Moore Nanotechnology and Moore Tool. He brings a wealth of knowledge and executive-leadership experience, which will help advance our company to the next level of business growth.” He continues, “I would also like to personally thank Len for his early vision, dedication, and leadership over the last 20+ years in making Moore Nanotechnology the innovative market leader that it is today.”
Len Chaloux, President & CEO of Moore Nanotechnology, stated, “After two decades of leading and growing Nanotech’s organization from its formation in 1997 to the renowned global brand that it is today, I have decided that now is the right time for me to retire and transition the company’s leadership to Mark. His experience in custom and consumer optical markets, which includes years of working with Nanotech’s equipment, made Mark my first recommendation as my successor. I look forward to working with Mark during this transition.”
“I am honored to take over as the President and CEO of Moore Nanotechnology and Moore Tool,” said Mark Boomgarden. “The products, technologies and employees assembled by Len and Newman are truly world class, and I am excited to continue building on our strong market position and global footprint.” He continued, “My focus will be to continue providing quality and innovation to our customers, as well as leading and executing our new and existing business strategies.”
Mr. Boomgarden has 20+ years of business and technology leadership experience including manufactured products, licensing of intellectual property, large-scale research & development and new company formation. He has held key executive leadership positions in both private and public companies, with expertise in business development, operations, engineering and supply chain - domestically and internationally.
Most recently, Mark was co-founder, Corporate Vice President & Vice President of Operations at Akoustis, a technology company that designed, developed and manufactured single-crystal RF filters for the mobile phone industry. Prior to Akoustis, Mark served as Vice President and General Manager of the wafer-level optics organization at Tessera Technologies, Inc., along with Vice President of their Wafer Level Camera business. Prior to Tessera, Mark held numerous operations and engineering leadership positions at Digital Optics Corporation and Alcatel. Mark is a veteran of the United States Navy.
About Moore Nanotechnology Systems and Moore Tool
Moore Nanotechnology Systems was founded in Keene, NH in October 1997 as a stand-alone subsidiary of the Moore Tool Company. The company is a world leader in the supply of state-of-the-art ultra-precision machine tools and associated processes for the production of advanced optical components; primarily for the consumer electronics, defense, aerospace, lighting, medical and automotive sectors. Moore Tool, founded in 1924 and located in Bridgeport, Connecticut, has a long history in the precision and ultra-precision machine tool markets. Today, Moore Tool manufactures a complete line of high-performance CNC jig grinders, along with a precision-manufacturing business certified to both ISO 9001:2008 and AS9100C.