May 10, 2007
II-VI Inc. has announced that its board of directors has named Francis J. Kramer to succeed Carl J. Johnson as company CEO, effective July 1, 2007. Dr. Johnson will remain an executive of the company serving as its chairman of the board.
Kramer has spent more than two decades at II-VI since joining the company in 1983 as vice president and general manager of manufacturing. He was named executive vice president and general manager of manufacturing in 1984 and was promoted again in 1985 to president and COO. He will continue to serve as president in addition to CEO.
"This is the natural progression for II-VI and will be a seamless transition. Fran has been a key member of this Company's management team since his arrival more than 20 years ago, and I am looking forward to the Company working under his leadership," Johnson said of Kramer.
Kramer stated, "I am honored to have the opportunity to move into this new role and continue to work with Carl to build on what has been accomplished at II-VI under Carl's leadership and guidance. I am excited about the Company's current and future opportunities for growth and look forward to leading the team through both organic and acquired initiatives."
Dr. Johnson, who co-founded the Company in 1971, will maintain an active role with the company as chairman. "My objective will continue to be the creation of value for all II-VI stakeholders. My primary focus will be on the strategic direction and technical initiatives of the company, as well as the growth of our investor, customer and government relationships," he said.
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