Coherent CEO Vincent Mattera to retire; board launches CEO search; FY2024 guidance reaffirmed

COHERENT CORP.

Dr. Vincent D. Mattera Jr. informed board of intent to retire as CEO after successor appointed or by end of 2024.
Board formed sub-committee and retained executive search firm for internal and external candidate evaluation.
Mattera will remain CEO and Chair until new CEO starts; if none by Nov 15, 2024, he may retire Dec 31, 2024.
Company reaffirms fiscal 2024 guidance originally provided Feb 5, 2024 in a shareholder letter.
Mattera served as CEO for 8 years; revenue grew from $150M to over $5B during his 20-year tenure.

item 5.02 item 7.01 item 99.1 item 9.01

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Departed

Vincent D. Mattera, Jr.

Chief Executive Officer

COHR · COHERENT CORP.

Filed: February 20, 2024, 6:59 PM ET

On February 17, 2024, Dr. Vincent D. Mattera, Jr., the Chief Executive Officer (“CEO”) of Coherent Corp. (the “Company”), informed the Company’s Board of Directors (the “Board”) of his intent to retire as CEO following the appointment of his successor or otherwise at the end of calendar 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Vincent D. Mattera, Jr. departed as Chief Executive Officer at COHERENT CORP..

Action: intent to retire
Role: Chief Executive Officer

Exact text from the filing

On February 17, 2024, Dr. Vincent D. Mattera, Jr., the Chief Executive Officer (“CEO”) of Coherent Corp. (the “Company”), informed the Company’s Board of Directors (the “Board”) of his intent to retire as CEO following the appointment of his successor or otherwise at the end of calendar 2024.

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COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-24-039385

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