Cascade Microtech reorganizes across functional lines and announces management changes
BEAVERTON, Ore.- August 12, 2008- Cascade Microtech Inc. (NASDAQ - CSCD) today announced that the Company has reorganized across functional lines and eliminated the Divisional structure. The reorganization and the transition to an outsourced manufacturing model for certain product lines are expected to improve efficiencies and control costs. The new organization structure will include new functional areas of sales and customer support, marketing, operations, engineering and business development.
Willis Damkroger, formerly Vice President and General Manager of Production Products Division, has taken the role of Vice President, Sales and Customer Support for the Company. John Pence, formerly Vice President and General Manager of Engineering Products Division, has taken the role of Vice President, Business Development. Mike Kondrat, formerly our Vice President, Marketing for Production Products, has taken the role of Vice President, Marketing. Anand Nambiar, formerly our Vice President for Procurement and Quality Control, has taken the role of Vice President, Operations. The Company is currently performing a search for a Vice President, Engineering.
"We have recently completed a review of our entire organizational structure, core competencies, customer support mechanisms, resource allocation, competitive threats and our collective performance. As a result of this review we believe that reorganizing the Company along functional lines and transitioning to an outsourced manufacturing model for certain product lines will support our initiatives to improve efficiencies and control costs," said Geoff Wild, CEO.
