The board of directors of II-VI Inc. (NASDAQ: IIVI) has unanimously agreed to extend current CEO Dr. Vincent D. “Chuck” Mattera, Jr.’s, contract until August 1, 2030. He has held the CEO title since 2016. He also is chair of the company.
Mattera originally served on the company’s board of directors from 2000 to 2002. He then joined the company directly as vice president in 2004 and served as executive vice president from 2010 to 2013. He then became chief operating officer. Mattera rejoined the Board in 2012. Two years later, he added the title of president alongside COO. In 2016, Mattera became the company’s third president and CEO in 45 years and continued as CEO when the roles of president and CEO were separated in June 2019. He was named chair and CEO in November 2021 (see "II-VI Board Chair Kramer to step down, CEO Mattera to step up").
“On behalf of the board of directors, we are thrilled to extend Chuck’s contract through 2030. Chuck’s vision, energy, and execution have driven our acquisition-related integration activities in the United States, Europe, and Asia, thereby establishing additional growth engines that provide agility and sustainability to the Company’s operations,” said Dr. Shaker Sadasivam, chairman of the Compensation Committee on the Board of Directors. “His leadership has positioned the company into large and transformative global growth markets while continually increasing its worldwide reach, deepening its technology and IP portfolio, broadening its product roadmap and customer base, and building its brand as a market leader.”
“I look forward with a great sense of mission to continuing to build on a strong record of excellence, to grow the company at a significant pace during this decade, and to set the stage for what may come next and beyond,” said Mattera CEO. “I recognize Dr. Carl Johnson, the co-founder and first CEO of II-VI, and Fran Kramer, our chair emeritus and second CEO, along with members of our board of directors, our executive team, and employees around the world, whose contributions to our culture are reflected in our values of integrity, collaboration, accountability, respect, and enthusiasm.”
Mattera’s extension of tenure has gotten off to a good start with the news that II-VI set new records for quarterly revenue in the fourth quarter and significant quarterly growth year-over-year when it reported on August 24 its fiscal 2022 fourth quarter and fiscal year ended June 30, 2022.
For related articles, visit the Business Topic Center.
For more information on optical components and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast of optical communications technology, subscribe to Lightwave’s Enabling Technologies Newsletter.