Dr. Vincent D. Mattera, Jr., to Retire as CEO of Coherent
PITTSBURGH, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company” or “Coherent”) (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that Dr. Vincent (“Chuck”) D. Mattera, Jr., has informed the Coherent Board of Directors (“the Board”) of his intent to retire as CEO following the commencement of employment of his successor. Dr. Mattera’s intention to retire does not reflect a dispute or disagreement with the Company. In parallel with today’s announcement, the Company is reaffirming the guidance set forth in that certain Shareholder Letter dated as of February 5, 2024, and furnished on such date as an exhibit to a Current Report on Form 8-K filed on that day.
- Dr. Mattera’s intention to retire does not reflect a dispute or disagreement with the Company.
- A subcommittee of the Board has been formed to oversee the search process.
- Dr. Mattera, 68, has served with Coherent for 20 years, the last eight of which have been as CEO.
- He is the Company’s third CEO since its founding in 1971 as II-VI Incorporated.