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Photo Stencil Names Favre CEO
August 20, 2007 |Estimated reading time: 1 minute
COLORADO SPRINGS, Colo. Photo Stencil named Keith Favre president and CEO, effective later this month. Favre will resign the post of vice president, marketing and business development, Speedline Technologies (Franklin, Mass.), immediately.
Favre will replace Bill Moerbe as president of the stencil manufacturer, and Larry Heitz as CEO. Moerbe will retain his duties as chief operating officer (COO), overseeing operations globally. Heitz will remain on the company's board of directors, and will pursue other activities outside of the company.
Kachi Partners, an investment group, acquired Photo Stencil in June 2007. Favre will interact with Kachi on "a daily basis," providing a contact point for each company. He will also assume a role on the Photo Stencil board of directors. "Photo Stencil already is positioned well for future growth," said Favre, "with history of sound growth and profitability, we want to increase sales with other product offerings to the current and potential customer base, and statistically expand into new regions and markets." He added that the company would concentrate on its flagship product, the AMTX electroformed stencil.
The infrastructure for growth in advanced stencils is in place, noted Mike Burgess, vice president. "The electroformed business is growing as the industry requirement for printing fine features devices such as 16-mil pitch, micro BGAs, 0201s, and 01005s increases. We have expanded wave solder pallet and process carrier manufacturing capabilities to offer complete solutions for assembly needs through the manufacturing line." Favre plans to focus on fine-feature solutions, yield improvements, and treating a range of customers and customer challenges with stencil technologies. Burgess referred to Favre's background in wave soldering and printing at Speedline as "providing another viewpoint for customer solutions from a machine-supplier perspective."
Favre referred to the move as an "extraordinary opportunity," adding that Speedline will continue to move in a positive direction with its parent company ITW.