- After 14 years in the position
- Praise and thanks for Schwartz
- Search for a successor
- Schwartz said 78 words
(exechange) — Burlington, Massachusetts, May 8, 2024 — Steve Schwartz, chief executive of Azenta, leaves his position. As announced by Azenta Inc. in a news release on Wednesday, May 8, 2024, Stephen S. (Steve) Schwartz leaves his post as chief executive officer at the provider of life sciences products, after 14 years in the role, effective when a successor is appointed.
Azenta will undertake a search for a successor.
“Discussion”
Azenta did not give an explicit reason for Steve Schwartz’s planned departure from the CEO post. Azenta stated: “Dr. Schwartz’s retirement follows a discussion with the Board as part of the company’s active succession planning process.”
Precise information regarding Steve Schwartz’s future plans was not immediately available.
“Retiring”
Azenta said: “CEO and Board Director Dr. Stephen Schwartz will be retiring from Azenta after more than 14 years of service.”
Share price decline since May 2021
The announcement follows a decline in Azenta Inc.’s share price of 44% since May 2021.
In the position of CEO since 2010
Steve Schwartz became CEO of the Company in 2010.
Schwartz will continue to serve as CEO until a successor is appointed to ensure a smooth transition. Schwartz joined the Company in April 2010 as President and continued to serve as such until August 2013.
He was re-appointed President in May 2016.
In 2010, he became Chief Executive Officer and continues to serve in that role.
Schwartz had previously served, from August 2002 until April 20, 2009, as chief executive officer and a director of Asyst Technologies, Inc., a manufacturer of integrated hardware and software automation systems primarily directed at the semiconductor manufacturing industry.
He joined Asyst in January 2001 as senior vice president, Product Groups and Operations and was elected chairman of Asyst in January 2003.
Prior to joining Asyst, Schwartz had served since 1987 in various capacities with Applied Materials, Inc., including acting as general manager for Applied Material’s service business and president of Consilium, Inc., an Applied Materials software subsidiary.
Since November 2018, Schwartz has served on the board of directors of Spire Inc., a publicly traded natural gas company. Schwartz received his BSEE, MSEE, and Ph.D. in electrical engineering from Purdue University.
He also holds an MBA from the University of Chicago.
78 words by Steve Schwartz
In the release announcing his departure as CEO of Azenta Inc., Steve Schwartz received praise and thanks.
In the release announcing his departure as CEO, Steve Schwartz said 78 words.
“Supporting a smooth transition”
Steve Schwartz stated: “It has been a privilege to be a part of this incredible company. I am proud of Azenta’s achievements and I want to express my deepest gratitude to the terrific Azenta team. Together, we have undergone an impressive and complex transformation from semiconductor capital equipment company, Brooks Automation, to the leading life sciences business Azenta is today. I look forward to supporting a smooth transition to the next CEO as Azenta prepares to embark on its next chapter.”
The above text is an excerpt from the exechange report 20.2024 ($), publication date May 13, 2024.