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O'Neill, Simone Join Board of Directors of Newport Corp.
April 18, 2003 |Estimated reading time: 1 minute
Irvine, Calif. -- Michael T. O'Neill and Peter J. Simone have joined Newport Corp.'s Board of Directors.
O'Neill is president and CEO of Miragene Inc., a biotechnology company engaged in proteomics and molecular diagnostics. From 1995 to 2000, he served as an independent consultant to several private companies in the biotechnology industry. From 1973 to 1995, he worked for Beckman Instruments Inc., a manufacturer and supplier of automated analytical systems for life sciences and diagnostic markets. His most recent positions with Beckman were as senior vice president of worldwide commercial operations from 1993 to 1995, and group vice president of life sciences operations from 1989 to 1993.
Simone has 30 years of experience in operating management and consulting with a variety of public and private high-technology companies. He currently serves as an independent consultant to several venture capital firms and venture-funded private companies. He recently served as executive chairman and a director of SpeedFam-IPEC Inc., a worldwide semiconductor equipment company that was acquired by Novellus Systems, Inc. in December 2002. During 2001 and 2002, he was president and a director of Active Controls Experts Inc., a company using smart materials and embedded software to control submicron vibrations in structures for semiconductor capital equipment markets.William R. Rauth III, a Newport Corp. director since 2001, has resigned as a director. Under the new, heightened independence standards recently adopted by the Securities and Exchange Commission for members of audit committees, Rauth is no longer deemed independent for purposes of serving on Newport's audit committee.
Newport Corp. is a leading global supplier of advanced technology products and systems to the semiconductor, communications, electronics and research markets. The company provides components and integrated subsystems to manufacturers of semiconductor processing equipment, advanced automated assembly and test systems to manufacturers of communications and electronics devices, and a broad array of high-precision components and instruments to commercial, academic and government customers worldwide. For more information, visit www.newport.com.