John C. Batty Credence Systems? New CFO

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Compliance : Sarbanes Oxley : Finance

John C. Batty Credence Systems? New CFO

With more than twenty years of experience, Mr. Batty has an extensive

John Batty
CFO
Credence Systems

Credence Systems Corporati a leading maker of test solutions from design to production for the worldwide semiconductor industry, today announced the appointment of John C. Batty as senior vice president of finance and chief financial officer, effective immediately.

In his new role, Mr. Batty will report to Credence's president and chief executive officer, David A. Ranhoff, and assume direct responsibility for all activities related to finance, accounting, investor relations, information technology and facilities. Mr. Batty will work closely with Credence's former chief financial officer, John R. Detwiler, who will remain with the Company through a transition period.

With more than twenty years of experience, Mr. Batty has an extensive background in financial and corporate management. Prior to joining Credence, Mr. Batty served as chief financial officer, secretary and chief operating officer during his five-year tenure at Network Equipment Technologies, where he returned the Company to revenue growth and profitability, and established effective process and controls for Sarbanes-Oxley compliance. Prior to that, Mr. Batty served as vice president of finance and chief financial officer at Verilink Corporation, treasurer and site controller at Philips Semiconductor, and financial controller at Intel Corporation. Mr. Batty holds a B.A. in economics from the University of New Hampshire and a M.B.A. from the University of Chicago.

"In addition to his strong financial and operations experience, John understands the challenges and opportunities facing the semiconductor equipment industry," said David A. Ranhoff, president and chief executive officer, Credence Systems Corporation. "John has joined Credence at a critical point in time as we aggressively move forward to return the Company to profitable growth and fully realize the benefits of the NPTest acquisition. We are pleased to have him join the Credence management team."

Credence Systems Corporation is the industry's leading provider of design- to-test solutions for the global semiconductor industry. With a commitment to applying innovative technology to lower the cost-of-test, Credence delivers competitive cost and performance advantages to integrated device manufacturers (IDMs), wafer foundries, outsource assembly and test (OSAT) suppliers and fabless chip companies worldwide. A global, ISO 9001-certified company with a presence in 20 countries, Credence is headquartered in Milpitas, California.

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