Axcelis Technologies Appoints David Ryzhik as Interim CFO Amid Veeco Merger

Strategic Leadership Transition at Axcelis Technologies: Ryzhik Steers Financial Operations Amid Merger

On March 12, 2026, Axcelis Technologies, Inc., a prominent player in the semiconductor equipment sector, announces the appointment of David Ryzhik as its Interim Chief Financial Officer. This transition comes as Ryzhik takes over from James Coogan, who departs Axcelis to pursue a CFO role at another public company but will assist in the transition until April 24. Ryzhik, previously the Senior Vice President of Investor Relations and Corporate Strategy, assumes a crucial role at a pivotal moment for Axcelis as it navigates ongoing complexities involved in its merger with Veeco.

CEO Russell Low expresses strong confidence in Ryzhik's capabilities, noting his extensive knowledge of Axcelis’ business model, financial operations, and strategic direction. This deep familiarity is vital as the company prioritizes integrating with Veeco while fostering vital relationships with financial stakeholders. With the merger serving as a backdrop, maintaining operational efficiency and disciplined execution remains a primary focus for Ryzhik and the executive team. Low's encouragement highlights the company’s emphasis on value creation during this significant transition, with Ryzhik poised to lead finance operations through these transformative changes.

In his initial remarks, Ryzhik acknowledges the honor in stepping into the role of Interim CFO, expressing his commitment to driving the company's strategic initiatives, particularly in relation to the merger with Veeco. His leadership is expected to enhance financial coherence and support long-term shareholder value. As Axcelis positions itself within the semiconductor industry, the appointment serves as a strategic maneuver to ensure robust financial management and operational integrity during a period marked by significant corporate consolidation and heightened market competitiveness.

In related developments, CEO Low extends his gratitude to Coogan for his contributions, particularly in constructing a resilient finance organization at Axcelis. As the company transitions, Coogan's insights will continue to be valuable until his departure. This leadership change underscores Axcelis' commitment to navigating the complexities of the semiconductor landscape while ensuring continuity in financial strategies and execution.