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HAYWARD, Calif. - Ultra Clean Holdings, Inc. (NASDAQ: NASDAQ:UCTT), a key provider of subsystems and services for the semiconductor industry, has announced the upcoming appointment of Joanne Solomon to its Board of Directors, effective February 3, 2025. The company, currently valued at $1.58 billion, has demonstrated resilience with revenue reaching $1.98 billion in the last twelve months, according to InvestingPro data.
Ms. Solomon, with over 35 years of financial and corporate leadership experience, is set to bring her extensive expertise to Ultra Clean’s board. Her career includes a significant tenure at Amkor Technology (NASDAQ:AMKR) Inc., where she served as Chief Financial Officer for nine years. She is also a current board member of Viavi Solutions (NASDAQ:VIAV), Inc. since February 2022. The appointment comes at a crucial time, as InvestingPro analysis shows three analysts have revised their earnings upward for the upcoming period, with the company expected to be profitable this year.
Her previous roles at Amkor Technology, a major player in semiconductor packaging and test services, and her foundational experience with Price Waterhouse as Audit Senior Manager, are expected to contribute to Ultra Clean’s strategic growth objectives.
Clarence Granger, Chairman of the Board, expressed confidence in Solomon’s capabilities, stating her global financial expertise and deep technology industry knowledge will be valuable to the company’s progress.
Ultra Clean Holdings specializes in developing and supplying critical subsystems, parts, and services, including ultra-high purity cleaning and analytical services, primarily catering to the semiconductor sector. The company is headquartered in Hayward, California, and provides integrated solutions through its Products division, as well as cleaning, coating, and analytical services through its Services Division. Financial metrics from InvestingPro reveal a strong liquidity position with a current ratio of 2.75, though the company faces challenges with a gross profit margin of 16.95%. Subscribers to InvestingPro can access over 30 additional financial metrics and exclusive analysis through the comprehensive Pro Research Report.
This strategic appointment comes as part of Ultra Clean’s ongoing efforts to strengthen its leadership team and enhance its position in the semiconductor industry. The information regarding Ms. Solomon’s appointment is based on a press release statement from Ultra Clean Holdings, Inc.
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