Axcelis Technologies announced that David Ryzhik, Senior Vice President of Investor Relations and Corporate Strategy, has been appointed Interim Chief Financial Officer effective March 12. The appointment follows the departure of James Coogan, who is leaving the company to pursue a CFO role at another public company in a different industry. Coogan will remain with Axcelis through April 24 to support the transition. The company has initiated a search for a permanent CFO with the help of an executive search firm.
President and CEO Russell Low said the company is confident in Ryzhik’s ability to lead the finance organization during the transition, noting his deep knowledge of Axcelis’ business strategy, financial operations and investor relations activities. Low also highlighted Ryzhik’s involvement in the company’s pending merger with Veeco Instruments and his relationships with financial stakeholders.
Ryzhik said he is honored to assume the interim CFO position and will continue working with the leadership team to execute the company’s strategy, advance integration planning related to the Veeco merger and focus on long-term shareholder value creation.
Low also thanked outgoing CFO James Coogan for his contributions to the company, noting that during his tenure he helped strengthen the finance organization and support the company’s operational discipline and strategic positioning.
Ryzhik has more than 20 years of experience in finance and investor relations. He joined Axcelis in July 2024 as Senior Vice President of Investor Relations and Corporate Strategy. Previously, he served as Vice President of Investor Relations at MKS Instruments and earlier worked as a senior equity research analyst at Susquehanna International Group and as a senior research associate at Brean Capital. Earlier in his career he held financial roles with the New York City Mayor’s Office of Management and Budget and the New York City Fire Department.
Ryzhik holds an MBA in Financial Management and a Bachelor of Business Administration in Finance and Accounting from Pace University Lubin School of Business and serves as a board member of the Boston chapter of the National Investor Relations Institute.
Original – Axcelis Technologies