HILLSBORO, Ore., March 3, 2015 (GLOBE NEWSWIRE) -- FEI Company (Nasdaq:FEIC) announced that Anthony L. Trunzo has accepted an offer to join the company as its Executive Vice President and Chief Financial Officer effective April 10, 2015. Mr. Trunzo will succeed Raymond A. Link, who is retiring after having served as FEI's Executive Vice President and Chief Financial Officer since July 2005, and as interim Chief Executive Officer and CFO from April 2006 to August 2006. Mr. Link will assist in transitioning his role to Mr. Trunzo.
"Tony's success leading the finance organization at a large imaging technology company and background in business development make him an ideal fit for the next phase of FEI's growth," commented Don Kania, president and CEO. "We are excited that Tony has decided to join the FEI team and I, along with the rest of the board of directors and senior management, have confidence that he will make significant, long-term contributions to FEI.
"I would also like to extend my personal thanks to Ray, who has done an outstanding job as FEI's CFO over the past decade. He has played an integral role in shaping our long term financial strategy, leading the finance team and building the systems that have enabled FEI to deliver significant revenue and profitability growth over his tenure. I know I speak for everyone at FEI in wishing Ray all the best in a well-deserved retirement."
"I am grateful to have worked with so many dedicated and talented individuals during my career at the company," commented Mr. Link. "As I end my time as CFO at FEI, I am excited to leave the role in such capable hands. Tony brings a wealth of finance knowledge and broad corporate experience to FEI. His leadership and vision are an outstanding addition to our strong and seasoned management team, and I am looking forward to working with him during the transition period."
"FEI has a technology leadership position in a large and expanding addressable market, dedicated employees and strong financial performance," said Mr. Trunzo. "I see great opportunity to leverage these strengths to continue delivering growth, improving profitability and generating superior returns to shareholders. I am looking forward to working with the existing team to deliver on these exciting opportunities."
Since 2010, Mr. Trunzo has been Senior Vice President, Finance and Chief Financial Officer of FLIR Systems, Inc. He joined FLIR in August 2003 as Senior Vice President, Corporate Strategy and Development. FLIR designs, manufactures, and markets advanced systems and components used for a wide variety of thermal imaging, situational awareness and security applications, including airborne and ground-based surveillance, condition monitoring, navigation, recreation, research and development, manufacturing process control, search and rescue, drug interdiction, transportation safety, border and maritime patrol, environmental monitoring and chemical, biological, radiological, nuclear and explosives (CBRNE) threat detection.
Prior to joining FLIR, Mr. Trunzo was a Managing Director in the Investment Banking Group at Banc of America Securities, LLC and previously held various positions at PNC Financial Services Group, Inc. He holds a B.A. in Economics from the Catholic University of America, an MBA with a concentration in finance from the University of Pittsburgh and is an alumnus of the Harvard Business School Advanced Management Program.
Safe Harbor Statement
This news release contains forward-looking statements, including statements related to the start date for Mr. Trunzo, and plans for transitioning of the CFO role from Mr. Link to Mr. Trunzo. Factors that could cause actual results to differ materially from the forward-looking statements include changes in the plans and roles of Mr. Link and Mr. Trunzo, Mr. Trunzo's withdrawal of acceptance of the position and ineffective transitioning of the CFO role to Mr. Trunzo. Please also refer to our Form 10-K, Forms 10-Q, Forms 8-K and other filings with the U.S. Securities and Exchange Commission for additional information on these factors and other factors that could cause actual results to differ materially from the forward-looking statements. FEI assumes no duty to update forward-looking statements.
FEI Company (Nasdaq:FEIC) designs, manufactures and supports a broad range of high-performance microscopy workflow solutions that provide images and answers at the micro-, nano- and picometer scales. Its innovation and leadership enable customers in industry and science to increase productivity and make breakthrough discoveries. Headquartered in Hillsboro, Ore., USA, FEI has over 2,600 employees and sales and service operations in more than 50 countries around the world. More information can be found at: www.fei.com.
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