San Jose, CA, April 22, 2014 --(PR.com
)-- Planar Semiconductor AG (symbol on Hamburg Stock Exchange: PSC), an emerging provider of advanced wafer cleaning and surface preparation systems, today announced that Jonathan Meyers has joined the company as its chief financial officer and member of its Vorstand.
Jonathan brings to Planar nearly 40 years of capital-raising and financial advisory experience in assisting both private and public technology companies – particularly in the semiconductor sector – as an investment banker with several leading firms. Jonathan has managed scores of IPOs and subsequent public offerings, raising nearly $10 billion for emerging growth technology companies, as well as advised numerous companies in their M&A transactions.
"By developing breakthrough wafer cleaning solutions that will provide semiconductor device manufacturers with demonstrable enhancements of their production yields, Planar is on the cusp of extraordinary revenue growth," said Rob Randhawa, founder and CEO of Planar. “I have had the pleasure of receiving Jonathan’s advice for the past several years – most recently as a member of our company’s supervisory board, and I am delighted that Jonathan has now decided to join Planar fulltime to play a key role in our future growth. His strong background in finance and the international capital markets adds important capabilities to Planar’s management team."
"Since the early 1980s, I have worked with companies that make equipment for the semiconductor device manufacturers. From my perspective, Planar is one of the very rare few which have developed a revolutionary technology, and I expect our company will soon disrupt the status quo of the wafer cleaning/surface preparation sector," said Jonathan Meyers, CFO of Planar. "The next stage of accelerated growth promises to be an exciting time at Planar, and I am very pleased to be joining the team as we build a leading position in the semiconductor capital equipment industry."
During his career, Jonathan has headed technology banking practices at Lehman Brothers, PaineWebber (now UBS Securities) and SoundView Technology Group, as well as at other investment banks. He also has served as a board member or advisor of several companies in the semiconductor and other information technology sectors. Jonathan holds a bachelor's degree in political science from the University of Pittsburgh and an MBA from the Harvard Business School.
About Planar: Planar produces systems, based on a unique and proprietary technology that includes processing wafers vertically, which prepare and clean the surfaces of wafers used in the manufacture of semiconductor devices. The company’s operations are situated in the heart of “Silicon Valley” – San Jose, California, USA. For more information, please visit www.planarsemiconductor.com.