Isola Laminate Systems Corporation has successfully completed its restructuring and has named Christopher E. Augur as its new President.
Augur will work with Augusto Meozzi, CEO of Isola Laminate Systems, to optimize the U.S. operations of Isola and continue to move the company to be well positioned for the recovery phase of the current economic cycle.
Augur previously spent fifteen years with SpeedFam Corporation, a manufacturer of semiconductor equipment and consumable materials. He was named President of SpeedFam in 1993 and the company conducted successful initial public offering in 1995. He continued to lead the public company (NASDAQ: SFAM) through rapid growth for several years following the IPO. In 1999, he left SpeedFam and became an active investor, a special limited partner in a Palo Alto-based venture fund, and co-founded a San Francisco-based advisory firm which completed $300 million in transactions in its first three years of operations. He began his career as an engineer with Motorola's semiconductor group.
"We are pleased to have been able to attract Chris to our company. As I have been driving the restructuring of Isola in the U.S., a key element for me was to assemble a strong leadership team for the future. Chris, combined with the other key leaders in Isola Laminate Systems and Isola AG will together provide the leadership horsepower required to propel the company forward," stated Augusto Meozzi, CEO of Isola Laminate Systems.
"I am very pleased to join the Isola team. They have just completed a major restructuring, assembled an outstanding management team, and are now realizing the benefits of their recent efforts. Furthermore, I am enthusiastic about new products in the development pipeline and their increasing market share even in the current challenging environment. I will continue to emphasize close and open collaboration with our customers, increase the pace of product development, and drive rapid continuous improvement in all areas of our company," Augur said.