Photronics Announces Executive Officer Appointments
Photronics (Nasdaq: PLAB) announced executive officer appointments effective January 12, 2026.
Rhea-AI Summary
Photronics (Nasdaq: PLAB) announced executive officer appointments effective January 12, 2026. Eric Rivera was appointed President while remaining Chief Financial Officer and the company’s principal financial officer; he previously served as Chief Accounting Officer and Corporate Controller. Rui (Elie) Zhang was named Chief Accounting Officer and principal accounting officer and will continue as Corporate Controller; she has served as Controller since 2024. Todd Alesio was appointed Senior Vice President and Chief Administrative Officer and will remain Head of Global Human Resources. Management said the moves aim to enhance organizational clarity and reinforce accountability.
Positive
- Eric Rivera named President while retaining CFO role (effective 1/12/2026)
- Rui (Elie) Zhang promoted to Chief Accounting Officer and principal accounting officer (effective 1/12/2026)
- Todd Alesio appointed SVP & Chief Administrative Officer and remains Head of Global HR (effective 1/12/2026)
- Company states changes aim to enhance organizational clarity and reinforce accountability
Negative
- Role concentration: President also continues as principal financial officer, increasing executive responsibility
Details
News Market Reaction – PLAB
On Jan 13, the day this news came out, PLAB closed 0.92% below the previous close.
Data tracked by StockTitan Argus for the Jan 13 session.
Key Figures
- President appointment date
- January 12, 2026
- Eric Rivera appointed President effective this date
- CFO tenure start
- May 2024
- Eric Rivera has served as CFO since this date
- Chief Accounting Officer start
- 2020
- Eric Rivera previously served as Chief Accounting Officer from 2020
- Controller role period
- 2020–2024
- Eric Rivera served as Corporate Controller during this period
- Controller tenure
- Since 2024
- Rui (Elie) Zhang has served as Controller since 2024
- Join date
- November 2024
- Todd Alesio joined Photronics in November 2024
Historical Context
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Appointed SVP Global Sales to drive and unify global sales strategy.
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Added independent director to support long-term strategic execution.
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Announced presentation at Needham Growth Conference and investor webcast.
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Planned CTO leadership transition after long tenure with possible advisory role.
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Reported FY 2025 results and Q1 2026 guidance with strong price reaction.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
photomask technical
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BROOKFIELD, Conn., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, today announced certain executive officer appointments.
Effective January 12, 2026, Eric Rivera was appointed President of Photronics. Mr. Rivera will continue to serve as the Company’s Chief Financial Officer, a position he has held since May 2024, and will remain the Company’s principal financial officer. Mr. Rivera previously served as the Company’s Chief Accounting Officer beginning in 2020 and as Corporate Controller from 2020 to 2024.
Effective January 12, 2026, Rui (Elie) Zhang was appointed Chief Accounting Officer. Ms. Zhang will serve as the Company’s principal accounting officer and will continue to serve as Corporate Controller. Ms. Zhang has served as Controller since 2024 and previously served as Assistant Controller.
Also effective January 12, 2026, Todd Alesio was appointed Senior Vice President and Chief Administrative Officer. Mr. Alesio joined Photronics in November 2024 and will continue to serve as Head of Global Human Resources.
“These appointments are intended to enhance organizational clarity and support effective execution under my continued leadership,” said George Macricostas, Chairman and Chief Executive Officer of Photronics. “They are consistent with our existing management approach and are designed to reinforce accountability across key functions.”
About Photronics
Photronics is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 56 years. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information can be accessed at www.photronics.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” regarding our industry, our strategic position, and our financial and operating results. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially. Please refer to Item 1A “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended October 31, 2025 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results.
For Further Information:
Ted Moreau
VP, Investor Relations
469.395.8175
tmoreau@photronics.com
FAQ
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