{"id":799666,"date":"2025-01-10T17:03:29","date_gmt":"2025-01-10T22:03:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/photronics-appoints-executive-chairman\/"},"modified":"2025-01-10T17:03:29","modified_gmt":"2025-01-10T22:03:29","slug":"photronics-appoints-executive-chairman","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/photronics-appoints-executive-chairman\/","title":{"rendered":"Photronics Appoints Executive Chairman"},"content":{"rendered":"
\n

BROOKFIELD, Conn., Jan. 10, 2025 (GLOBE NEWSWIRE) — Photronics, Inc.<\/u><\/a> (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today the appointment of George Macricostas to the position of Executive Chairman, effective January 6, 2025.<\/p>\n

Mr. Macricostas has over 30 years of technical and management experience in business operations and information technology. He has been a member of the Photronics Board of Directors since 2002, serving on the Nomination and Cybersecurity committees, and most recently as Chairman of the Compensation Committee. With his transition to the Executive Chairman role, Mr. Macricostas will be succeeded in his committee assignments by Mr. David Garcia, who became a member of the Board of Directors in December 2024. As a result of the appointment, both George Macricostas and Constantine (\u201cDeno\u201d) Macricostas will no longer be considered independent directors, resulting in a Board of Directors of nine, six of whom are independent.<\/p>\n

Mr. Macricostas was a Founder, Chairman, and CEO of RagingWire Data Centers, Inc., a provider of mission critical data center colocation facilities, which is where the \u201cCloud\u201d lives. He guided the company through a two-stage sale to NTT of Japan in 2014 and 2018. Previously, he was a senior vice president at Photronics, where he was responsible for all aspects of the company\u2019s IT infrastructure.<\/p>\n

\u201cGeorge is an outstanding leader who has had an invaluable voice on the Photronics Board,\u201d said CEO Frank Lee. \u201cWe are pleased that he will be spending more time on the execution of Photronics\u2019 future direction and we expect to continue to benefit from his passion and leadership.\u201d<\/p>\n

\u201cI am pleased to have my son George take on the role of Executive Chairman of the company,\u201d said Deno Macricostas, who will remain a member of the Photronics Board of Directors. \u201cHis extensive business experience and knowledge of the photomask industry will help guide the company\u2019s growth and operations into the future.\u201d<\/p>\n

\n About Photronics<\/strong>\n <\/p>\n

\n Photronics<\/a> is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks.<\/a> High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 50 years. The company operates 11 strategically located manufacturing facilities<\/a> in Asia, Europe, and North America. Additional information can be accessed at www.photronics.com<\/a>.<\/u><\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

Certain statements in this press release constitute \u201cforward-looking statements\u201d regarding our industry, our strategic position, and our financial and operating results.\u00a0These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance, or achievements to differ materially. Please refer to our Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results.<\/p>\n

\n For Further Information:<\/strong>
\n
Ted Moreau
VP, Investor Relations
469.395.8175
tmoreau@photronics.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BROOKFIELD, Conn., Jan. 10, 2025 (GLOBE NEWSWIRE) — Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today the appointment of George Macricostas to the position of Executive Chairman, effective January 6, 2025. Mr. Macricostas has over 30 years of technical and management experience in business operations and information technology. He has been a member of the Photronics Board of Directors since 2002, serving on the Nomination and Cybersecurity committees, and most recently as Chairman of the Compensation Committee. With his transition to the Executive Chairman role, Mr. Macricostas will be succeeded in his committee assignments by Mr. David Garcia, who became a member of the Board of Directors in December 2024. As a result of … <\/p>\n

Continue reading “Photronics Appoints Executive Chairman”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-799666","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPhotronics Appoints Executive Chairman - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/photronics-appoints-executive-chairman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Photronics Appoints Executive Chairman - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BROOKFIELD, Conn., Jan. 10, 2025 (GLOBE NEWSWIRE) — Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today the appointment of George Macricostas to the position of Executive Chairman, effective January 6, 2025. Mr. Macricostas has over 30 years of technical and management experience in business operations and information technology. He has been a member of the Photronics Board of Directors since 2002, serving on the Nomination and Cybersecurity committees, and most recently as Chairman of the Compensation Committee. With his transition to the Executive Chairman role, Mr. Macricostas will be succeeded in his committee assignments by Mr. David Garcia, who became a member of the Board of Directors in December 2024. 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