Fremont, Calif--March 19, 1998--Credence Systems Corp.(Fremont, Calif.), a manufacturer of automatic test equipment(ATE) for the semiconductor industry, announced the hiringof Dennis P. Wolf as senior vice president and chief financialofficer (CFO).Wolf begins his tenure with Credence on March 30, 1998.
Highly regarded in the investment community, Wolf brings toCredence more than 20 years of financial management experience withlarge public companies. Wolf, an expert in balance sheet management,as well as mergers and acquisitions, will work closely with CEO, BillBottoms. With a charter to maintain the company's strong fiscaloutlook, Wolf will also leverage his relationships with Wall Streetanalysts. Under his leadership, Credence intends to analyzeopportunities to extend its aggressive financial performance.
Filling the position currently being held by Credence's controller Jerry Bruce, Wolf joins Credence from Centigram Communications Corp. (CGRM),where he was senior vice president and CFO. While serving as acting copresidentin 1997, Wolf conducted a comprehensive restructuring of the entire organization, including repurchasing and repricing the company's stock and implementing a newproduct roadmap.
Prior to Centigram, Wolf was vice president and CFO of PyramidTechnology, where he spearheaded the company's consolidation intoSiemens Nixdorf after its acquisition. Wolf also served as vicepresident and CFO at Dynacraft, Inc., the largest U.S. manufacturer ofleadframes and a National Semiconductor company. Additionally, he hasheld a wide variety of executive and managerial positions over thelast 20 years at Apple Computer, Sun Microsystems, Tandem Computers,and IBM.
Wolf has a BA from the University of Colorado and an MBA from theUniversity of Denver. He is a member of the Financial ExecutivesInstitute and sits on the board of directors of the Santa Clara ValleyMedical Center Foundation.
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