Photronics, Inc. (PLAB) Appoints Frank Lee as CEO, Appoints Adam Lewis to its Board

Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today that Dr. Frank Lee, who was named President on March 14, 2022, has been named Chief Executive Officer and will join the company’s Board of Directors. Constantine (“Deno”) Macricostas, who in addition to his role as Chairman of the Board had also been serving as interim CEO. He will continue to serve as Chairman.

"The Board believes Frank is the right person to lead Photronics forward as we continue to invest in growth globally, particularly in Asia, building on our industry-leading position across the photomask market,” said Mr. Macricostas. “With his long and successful track record, Frank has gained the confidence of the Board and the entire organization in his ability to lead us through our next phase of growth."

Dr. Lee stated, “I am honored and grateful for the trust placed in me and excited for the opportunity to advance our growth strategy. Photronics’ global employees are the best in the industry. Together, we can continue to bring leading technology and outstanding customer service to semiconductor and flat panel display manufacturers around the world.”

The company also announced today that Adam Lewis is joining its Board of Directors as an independent director. Adam has over 20 years of experience in financial advisory to technology companies with a focus on digital infrastructure and cyber security. “Adam is a welcome addition to our Board, bringing financial expertise and experience in strategic planning for growth-focused businesses,” continued Mr. Macricostas. “Photronics is focused on executing our strategic growth plans for continued global expansion in the photomask industry, and we believe Adam will bring an important voice to our Board discussions.”

“I am excited to join a company that values technology-enabling innovation,” stated Mr. Lewis. “I look forward to working with the Board and bringing my broad experience, including governance advisory, to help the company.”

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