Intevac Welcomes Kevin Barber as New Chairman of the Board

Intevac Appoints Kevin Barber as New Board Chairman

Intevac, Inc. (Nasdaq: IVAC), renowned for its thin-film processing systems, has announced a significant leadership change. Today marks the appointment of Kevin Barber as the new Board Chairman of the company. He takes over from David S. Dury, who has chaired the Board since 2017 and will continue to serve until the next annual stockholder meeting in 2025.

Leadership Transition and Company Vision

Intevac’s president and CEO, Nigel Hunton, expressed gratitude towards Mr. Dury for his invaluable contributions to the company’s success during his tenure. He emphasized that Dury has been instrumental in steering many vital areas of Intevac’s objectives. Houmza also shared excitement about Barber’s appointment, praising his comprehensive experience, customer insights, and exceptional technical skills that align with the company’s strategies for future growth and creating shareholder value.

David Dury’s Impactful Tenure

During his long-standing leadership, Mr. Dury oversaw numerous critical transitions, including essential upgrades at the Board level in the years leading up to his departure. He played a pivotal role in appointing Nigel Hunton as CEO early in 2022, enhancing the company’s leadership structure. Dury also facilitated the successful sale of the Photonics division in 2021, a strategic move aimed at consolidating Intevac into a more focused entity.

Kevin Barber's Expertise and Vision

Kevin Barber joined Intevac’s Board of Directors in 2018, bringing extensive expertise that closely correlates with his new responsibilities. His background includes significant growth achievements at Synaptics, where he adeptly grew the touch and display division to generate over $1 billion in annual revenue. Barber's experience in establishing semiconductor manufacturing capabilities globally has led to the successful growth of various businesses under his leadership. Since joining the Board, he has developed a deep understanding of the company’s technology, markets, and opportunities, making him a strong fit for his new role as Chairman.

Looking Forward

Mr. Dury reflected on his time as Chairman, expressing his honor in working with Intevac’s talented board members and senior management. As he steps down from the Chairman position, he looks forward to supporting the company as a Board member during this exciting period of transition with Kevin Barber at the helm. Both executives are enthusiastic about continuing to enhance the company’s trajectory and maintain Intevac's reputation as a leader in the high-tech manufacturing sector.

About Intevac

Founded in 1991, Intevac, Inc. is a prominent manufacturer specializing in thin-film process technology, particularly for high-volume manufacturing. The company has a legacy as a primary supplier to the hard disk drive (HDD) industry, where its cutting-edge 200 Lean® platform plays a vital role in the global production of HDD media. Intevac is currently deeply engaged in evolving technology upgrade initiatives, supporting next-generation heat-assisted magnetic recording (HAMR) media. With over three decades of experience in developing high-productivity processing systems, Intevac is also diversifying its offerings through the innovative TRIO™ platform, which efficiently applies high-value coatings on an extensive range of substrates, including consumer electronics. For further details, contact 408-986-9888.

Frequently Asked Questions

1. Who is the new Chairman of Intevac?

Kevin Barber is the newly appointed Chairman of Intevac's Board.

2. What was David Dury's role at Intevac?

David Dury served as the Board Chairman since 2017 and oversaw crucial company transitions.

3. When did Kevin Barber join Intevac’s Board?

Kevin Barber became a member of Intevac’s Board of Directors in 2018.

4. What significant changes occurred during Dury's tenure?

Dury facilitated the hire of the current CEO and led the strategic sale of the Photonics division.

5. What markets does Intevac serve?

Intevac is a leader in thin-film technology, serving the HDD industry, and is expanding into new markets with advanced coating solutions.

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