Summary
KLA-Tencor Corporation (KLAC) announced a key leadership change via an 8-K filing on March 3, 2008. The company's Senior Vice President and Chief Financial Officer, Jeffrey Hall, will be resigning effective March 31, 2008. This departure is attributed to Mr. Hall's desire to pursue an opportunity closer to his hometown in the Midwest. In response to this transition, the Board of Directors has appointed John Kispert, currently President and Chief Operating Officer, as the interim Chief Financial Officer, effective March 31, 2008. Mr. Kispert will retain his existing executive roles. Additionally, Virendra Kirloskar, Vice President and Corporate Controller, has been appointed as the Chief Accounting Officer. These appointments are effective as of the same date. The company also attached a press release detailing these changes as an exhibit to the filing.
Key Highlights
- 1Resignation of Senior Vice President and Chief Financial Officer, Jeffrey Hall, effective March 31, 2008.
- 2John Kispert, President and COO, appointed as interim Chief Financial Officer, effective March 31, 2008.
- 3Mr. Kispert will continue to serve as President and Chief Operating Officer while acting as interim CFO.
- 4Virendra Kirloskar appointed as Chief Accounting Officer, effective March 31, 2008.
- 5Mr. Kirloskar has prior experience as Corporate Controller for Atmel Corporation and held various finance positions within KLA-Tencor.
- 6The resignation is reportedly to allow Mr. Hall to pursue opportunities closer to his Midwestern hometown.
- 7The filing includes Exhibit 99.1, a press release detailing these executive changes.