SANTA CLARA, Calif. - Intevac , Inc. (NASDAQ:IVAC), a supplier of thin-film processing systems, today announced the appointment of Cameron McAulay as the company's new chief financial officer. McAulay's tenure begins immediately, succeeding Kevin Soulsby, who has returned to his previous role as corporate controller after serving as interim CFO since August 2023.
McAulay comes to Intevac with over 25 years of financial management experience, notably as the CFO of Transphorm, Inc., where he played a pivotal role until its acquisition by Renesas Electronics Corporation for $339 million.
His background also includes a stint as finance director at KLA Corporation and various leadership roles at Atmel Corporation and National Semiconductor Corporation. McAulay is a graduate of the University of Strathclyde in Glasgow, Scotland, where he earned his BS with honors in Math, Statistics, and Accountancy.
Nigel Hunton, Intevac's president and CEO, expressed confidence in McAulay's capabilities, noting his substantial experience in the global electronics and semiconductor industries. Hunton acknowledged McAulay's public company experience and strategic insight as valuable assets for Intevac's future growth initiatives.
In response to his appointment, McAulay expressed enthusiasm about joining Intevac and contributing to the company's strategic growth. He is focused on leveraging his experience to enhance stakeholder value as Intevac continues to innovate in the thin-film processing sector.
Intevac, established in 1991, has been a prominent provider of thin-film process technology, supporting a significant portion of the world's hard disk drive (HDD) disk media production. The company is also expanding its technology to additional markets with its TRIO™ platform, which facilitates high-value coatings on various substrates, including glass displays for consumer devices.
This transition in the company's financial leadership is based on a press release statement from Intevac, Inc.
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