President and CEO of Isola Group Announces Retirement
CHANDLER, Ariz., June 15, 2015 — Isola Group, a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer Printed Circuit Boards (PCBs), announced today the decision of its current President and Chief Executive Officer Ray Sharpe to retire. Mr. Sharpe will stay with Isola until his successor has joined to ensure a smooth transition. The Board has already retained a search firm to guide the process of finding Isola’s next CEO.
Mr. Sharpe stated, “It has been a privilege to work with the dedicated people at Isola, who focus each day on advancing the company’s and its customers' best interests. I am confident in Isola’s future and the team’s ability to deliver distinct value. I look forward to spending more time addressing important family considerations.”
Mr. Kevin Burns, Chairman of Isola’s board of directors commented, “Ray has been a very strong leader since Isola’s establishment in 2004. The company’s transformation has been impressive, and Isola is now positioned as the leading supplier of high-performance materials for the printed circuit board industry. The members of the Board are grateful to Ray for his many contributions and look forward to ensuring the company’s future success.”
Separately, Isola announced the retirement of its Executive Vice-President and Chief Financial Officer, F. Gordon Bitter. Mr. Donald Colvin, a member of Isola’s board of directors and the former Chief Financial Officer of ON Semiconductor and Caesars Entertainment, has been named as interim Chief Financial Officer.