Zygo Corp. (ZYGO) CFO Walter Shephard to Depart Company
Zygo Corporation (Nasdaq: ZIGO) today announced that Walter A. Shephard, Vice President Finance, CFO and Treasurer, has made the personal decision to step down from his positions with the company after serving for over six years. Zygo has initiated a search for Mr. Shephard's successor. Mr. Shephard has agreed to remain in his current roles with Zygo through August to assist in an orderly transition. A conference call has been scheduled for Thursday, August 19, 2010 for Zygo to announce its financial results for the fourth quarter and full year of fiscal 2010.
Chairman and CEO Dr. Chris Koliopoulos, together with Mr. Robert Taylor, Chair of the Audit Committee, will lead Zygo's Board of Directors in the search for Mr. Shephard's replacement.
Mr. Shephard commented, "After serving Zygo for the past six years, I have made the personal decision to step down to pursue other endeavors. With Chris having been at the company for six months and the existing strong finance team in place at Zygo, I am confident in Zygo's ability to execute a smooth transition when the next CFO joins the company."
Dr. Koliopoulos commented, "Zygo greatly appreciates Walter's many contributions during his tenure with the company. It has been my personal pleasure working with Walter during my tenure at Zygo and we all wish him the best success in the future."
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