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KLA-Tencor Promotes John Kispert To Succeed Retiring CFO Bob Boehlke
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San Jose, CA, June 5, 2000 - KLA-Tencor Corp. (Nasdaq: KLAC) today announced that effective July 1, 2000, its Vice President of Finance John Kispert, 36, will assume the role of chief financial officer, reporting to President and CEO Ken Schroeder. He succeeds retiring Executive Vice President and CFO Bob Boehlke, who will continue to provide strategic guidance and counsel as a senior corporate advisor to KLA-Tencor.

According to Schroeder, this is one more step in a strategic succession plan initiated several years ago to optimize the company's leadership for the new millennium. "We've been very proactive about building the next tier of management infrastructure so that our senior executives could help cultivate the company's future leaders. As a result, we have the top talent we need to manage the aggressive growth we see ahead as the increasing 'siliconization' of our world drives even greater demand for KLA-Tencor's comprehensive process control solutions," stated Schroeder.

"Today's announcement is an excellent example of the effectiveness of this strategy. Bob's immeasurable contributions, which helped drive our company's financial growth and success over the past 17 years, included grooming John to fulfill the ever evolving CFO role. So whereas Bob was instrumental in our past, John will help drive our future as KLA-Tencor leverages its market and technological leadership to help global chipmakers speed time to market and time to profit on their next-generation chips."

Commenting on Kispert's appointment, Boehlke noted, "John has shown that he can drive and manage both finance and operational issues. This ability, coupled with his strategic problem solving skills, will be critical in managing the ever accelerating rate of change." Boehlke added that over the past several years, Kispert played an instrumental role in several of the company's most critical initiatives. This included consolidating the separate operations of the company's wafer inspection business into a single, unified organization following the 1997 merger between KLA Instruments and Tencor Instruments.

Kispert, whose professional career spans more than 15 years with KLA-Tencor and IBM, joined KLA-Tencor in 1995 as controller for KLA Instrument's wafer, reticle and SEMspec inspection divisions. In 1997, he was promoted to vice president of operations for KLA's wafer inspection group, the company's largest business unit. In 1999, he was again promoted to vice president of corporate finance, setting him on a career path toward the CFO position. Prior to joining KLA-Tencor, Kispert held a variety of management positions with IBM.

Kispert received a bachelor's degree in political science from Grinnell College, Grinnell, Iowa, and an MBA from the University of California at Los Angeles.

Note to editors: Bob Boehlke retires from KLA-Tencor after more than three decades of experience in the high technology and financial markets. His illustrious career includes ten years as CFO of both KLA-Tencor and KLA Instruments. Prior to becoming CFO, he served in a number of other management positions at KLA since joining the company in 1983, including general manager of several divisions as well as chief operating officer.

About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC.

Contact:
Meggan Powers
Director Corporate Communications

 

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