Microbar names Michael Lund as chief financial officer; further strengthening the Microbar management team
"Mr. Lund's extensive experience in the technology sector, including 10 years in the semiconductor industry, is a welcomed addition to our management team," said Bruce Juhola, CEO of Microbar. "With company growth exceeding 300 percent in 2000, and a compounded annual growth rate of more than 50 percent for the last seven years, accumulated and new customer wins, Mr. Lund joins a seasoned management team that is intent on furthering our financial success."
Microbar's rapid growth fueled by new market expansion dictated the need for an experienced financial expert. Mr. Lund's responsibilities include participation in the development of strategic growth initiatives, capital formation to fuel growth and to act as liaison to the private and public equity markets as Microbar continues to outperform the capital equipment industry with organic and acquisition-driven growth in 2001.
Mr. Lund's experience includes financial management, corporate development, and operations management within a variety of technology industries. Most recently Mr. Lund served as president and CFO for VideoChip Technologies, a designer of digital imaging technology. In his role at VideoChip, Mr. Lund was responsible for raising private equity, licensing programs, and business development.
Prior to VideoChip Technologies, Mr. Lund was the senior financial officer for Astec Semiconductor, the US affiliate of Astec PLC. Along with his duties as director of US Financial Operations for Astec Semiconductor, Mr. Lund was strategic operations manager for the Philippine based IC test facility located in Rosario, Cavite. Mr. Lund has also held management positions with Multichip Assembly, an IC packaging development company and Cypress Semiconductor.
Mr. Lund currently serves as a Board member for two technology-based start-up companies located in San Jose and Carmel, CA. He holds a degree in Finance, a Master's Degree in Economics, and has also earned his CMA and CFM certificates.
About Microbar
Founded in 1991, Microbar Incorporated is the leading provider of chemical management solutions for top-tier semiconductor companies. Microbar's solutions address the growing critical needs of advanced chemical delivery and management by providing a complete delivery approach that ensures on-wafer results, by preserving all process chemistry constituents from supplier to final point-of-use. Core product areas include photolithography, CMP, low-k, and copper electroplating processes. Microbar also offers a unique low-pressure wastewater technology, known as EnChem, to meet the requirements presented by CMP, copper and HF processes. Headquartered in Sunnyvale, CA, Microbar is a privately held, venture backed company that has maintained a greater than 50 percent CAGR for the past seven years. For more information visit our website at www.microbar.com.
Source: Microbar, Inc.