Cascade Microtech Announces Resignation of CEO
| Source: Cascade Microtech
BEAVERTON, OR--(Marketwire - December 2, 2009) - Cascade Microtech, Inc. (NASDAQ : CSCD ) today
announced that its Chief Executive Officer, Mr. Geoff Wild, has resigned
and will leave the company at the end of this month. Mr. Wild has accepted
a position in an organization in the electronic materials industry based in
Asia.
A selection process to find and appoint a replacement for the position of
President and Chief Executive Officer will begin promptly. Dr. F. Paul
Carlson, lead director and a director of the company for 17 years, has
assumed the position of Chairman and CEO during this transition period with
responsibility for day to day operations. Mr. Wild will assist him as
President during the month of December. Mr. Eric Strid will remain as Chief
Technical Officer and a member of the board, continuing to focus on
developing the company's strong technology base.
"Geoff has made valuable contributions to the company over the last two
years, playing a vital role in rebuilding the organization, improving
financial stability, and making sure the company is well positioned for
future growth," said Dr. Carlson. "The members of the board of directors
have accepted his resignation and wish him well in his new endeavor."
About Cascade Microtech
Cascade Microtech, Inc. (NASDAQ : CSCD ) is a worldwide leader in the precise
electrical measurement and test of integrated circuits (ICs) and other
small structures. For technology businesses and scientific institutions
that need to evaluate small structures, Cascade Microtech delivers access
to electrical data from wafers, integrated circuits (ICs), IC packages,
circuit boards and modules, MEMS, biological structures, LED devices and
more. Cascade Microtech's leading-edge semiconductor production test
products include unique probe cards and test sockets that reduce
manufacturing costs of high-speed and high-density semiconductor chips. For
more information visit www.cascademicrotech.com.