Camp will continue to support the Company in a consulting role over the next year in addition to pursuing other business interests. In addition to Ehren's election to President and CEO, he has been appointed to serve as a member of the Company's Board of Directors. The Company intends to initiate the process of selecting a new Chief Financial Officer.
Ehren has served Key Technology as Executive Vice President and COO/CFO
since December 2011. He joined the Company in 2008 as Senior Vice
President and Chief Financial Officer. During 2009, he additionally
served as General Manager of Symetix, the Company's pharmaceutical
division. During 2010, he additionally assumed the duties of the Senior
Vice President of Global Operations for a significant portion of the
year. Prior to joining Key, Ehren was with Planar Systems, Inc. where
he served in several officer positions, including Vice President of
Global Operations, Vice President of Finance, Corporate Controller and
Treasurer.
David Camp commented, "During the past four years, Jack has
demonstrated strong leadership within the Company, and gained broad
operating experience and a deep understanding of the industry and our
business. His vision for Key's future and his passion for the Company
and its constituencies make him an ideal choice going forward. He is
unequivocally committed to Key shareholders, customers and employees. I
am very pleased that the Board has elected to transition leadership of
Key to a person of Jack's capabilities and character."
Camp continued, "It has been an honor and privilege to have served with
the dedicated and talented people of Key Technology, and I am proud of
the accomplishments that have been achieved during the past six years.
The management team at Key is top-notch and enthusiastic, and I am
proud to have led the effort in bringing such a great team together.
Key is a strong leader in the industry and well positioned to serve the
needs of its customers going forward. I look forward to supporting Jack
and the Company in the future."
Commenting on his new appointment, Jack Ehren stated, "I am excited to
have the opportunity to lead Key as we pursue our vision of technology
leadership and excellence. The Company has a talented and committed
work force and a blue-chip customer base, and I look forward to the
challenge of continuing its tradition of excellence and returning to
levels of profitability and cash flows that reward our shareholders for
their continuing support."
