Kopin names Erich Manz as new chief financial officer

WESTBOROUGH, Mass. - Kopin Corporation (NASDAQ:KOPN) has appointed Erich Manz as its new Chief Financial Officer, according to a press release statement issued by the company. Manz will replace Rich Sneider, who announced his retirement in May after serving as CFO for nearly three decades.

Manz brings over 30 years of financial and accounting experience in sensing, application-specific analog power, and semiconductor technology markets. He most recently served as Business Unit CFO at Allegro MicroSystems (NYSE:ALGM), where he led financial structure and oversight for the product business group. Under his tenure, Allegro has grown into a $5.67 billion market cap company with annual revenues of $761 million and a healthy 44.57% gross margin. His career at Allegro spanned more than 25 years in various roles including Reporting Manager and Corporate Controller. According to InvestingPro data, Allegro has delivered an impressive 50.44% return over the past year, with 9 analysts recently revising their earnings expectations upward.

Michael Murray, Chairman and Chief Executive Officer of Kopin, stated that Manz’s experience with publicly traded and high-growth organizations will help the company "reach its next level of transformational growth."

Sneider is expected to remain with the company for approximately three months to assist with the transition.

Kopin Corporation develops and provides display and optical solutions for defense, enterprise, professional, and consumer products. The company’s portfolio includes microdisplays, display modules, eyepiece assemblies, and various display systems incorporating ultra-small high-resolution displays.

The company did not disclose when Manz would officially begin his new role.

In other recent news, Allegro MicroSystems reported a robust start to its fiscal year 2026, with earnings and revenue exceeding analyst forecasts. The company’s earnings per share (EPS) reached $0.09, surpassing the anticipated $0.08, while revenue hit $203.4 million, exceeding expectations by 2.77%. Following these results, Needham raised its price target for Allegro MicroSystems to $37.00, maintaining a Buy rating, highlighting growth in the Automotive and Industrial segments. Mizuho also increased its price target to $40.00, maintaining an Outperform rating, driven by strength in the E-Mobility and Data Center segments. Allegro’s guidance for the September quarter projects revenue to be approximately $210 million, slightly above the consensus estimate of $208 million. These developments underscore the company’s solid performance and potential in the semiconductor market.

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