MKS Instruments, Inc. (NASDAQ: MKSI) has appointed Ram Mayampurath as Executive Vice President, Chief Financial Officer, and Treasurer, effective October 14, 2024. Mayampurath brings over 25 years of experience in financial strategy, thought leadership, and value creation for shareholders and stakeholders, having most recently served in similar roles at Rogers Corporation (NYSE: ROG) and previously at Royal Philips Electronics (NYSE: PHG).
Under Mayampurath's leadership, Rogers Corporation saw an increase in revenue growth and margin expansion. His appointment is expected to bring a proven record of achievement in global finance, M&A, and capital allocation strategy to MKS. Mayampurath is a chartered accountant and holds an MBA from Southern Illinois University and a Master’s degree in Global Management from Thunderbird School of Global Management.
MKS Instruments, a global provider of technologies for leading-edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications, aims to leverage Mayampurath's expertise to improve process performance, optimize productivity, and enable unique innovations in the industries it serves.
The company's announcement of the new appointment demonstrates its commitment to strengthening its executive team and leveraging leadership with a track record of driving financial and strategic success. The market has reacted to these announcements by moving the company's shares 4.9% to a price of $114.94. If you want to know more, read the company's complete 8-K report here.