Rudolph Technologies announces retirement of CEO

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Rudolph Technologies Inc. announced Monday that its CEO, Paul F. McLaughlin, will retired, effective Dec. 30.

The Flanders-based equipment provider said in a news release that its board of directors has named Michael P. Plisinski as its new CEO, and appointed him director of the company, effective Monday.

McLaughlin has served as the company’s CEO since 1996. He will continue as chairman of the board until March 31, 2016, at which time he will step down as director of the company.

“For the past 19 years Paul McLaughlin has done a magnificent job leading Rudolph Technologies. He set its strategy, built a strong management team, entered new markets, increased shareholder value and grew the company into one of the leading suppliers of capital equipment to the worldwide semiconductor industry,” Thomas G. Greig, lead director of the board, said in a prepared statement. “On behalf of the entire board of directors, I thank Paul for his numerous contributions and his distinguished tenure as CEO.”

Plisinski has been the company’s executive vice president and chief operating officer since October 2014. Prior to that, he was vice president and general manager of the company’s Data Analysis and Review Business Unit since 2006.

“I am delighted to pass the torch to Mike, who I know brings a wealth of talent and experience to this role,” McLaughlin said in a prepared statement. “When one takes into consideration his strong performance both as COO over the past year and as general manager of our Data Analysis and Review Business Unit and extensive knowledge of the company, it is clear that he is the ideal person for this role. As such, Mike’s election provides for a smooth transition in this role and was the unanimous choice of Rudolph’s board. I enthusiastically welcome Mike as our new CEO and am excited for the bright future of our company.”