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IPG Photonics Appoints Greg Dougherty to Board of Directors

Date Announced: 25 Jan 2019

Former Olcaro CEO brings extensive industry experience to the fiber laser firm.

OXFORD, Mass., Jan. 25, 2019 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) has appointed Gregory P. Dougherty to its Board of Directors. Mr. Dougherty was an officer and director of numerous optical components and laser-based technology companies, most recently as Chief Executive Officer and a director of Oclaro, Inc. Mr. Dougherty will serve on the Company's Audit Committee and Compensation Committee, expanding the IPG Board to 10 members.

"Greg brings extensive leadership and industry expertise to IPG's Board," said Dr. Valentin Gapontsev, IPG Photonics' Chairman and Chief Executive Officer. "Greg is a proven business leader, with unique operational and strategic knowledge in the laser and photonics industries, which will be invaluable to IPG as we continue grow and expand our product offerings. We look forward to Greg's contributions to our Board."

Mr. Dougherty served as Chief Executive Officer of Oclaro, Inc., a maker of optical components and modules for the long-haul, metro and data center markets, from June 2013 and served as a director of Oclaro from April 2009, until its December 2018 acquisition. Prior to Oclaro, Mr. Dougherty served as a director of Avanex Corporation, a leading global provider of intelligent photonic solutions, from April 2005 to April 2009, when Avanex and Bookham merged to create Oclaro. Mr. Dougherty also served as a director of Picarro, Inc., a manufacturer of ultra-sensitive gas spectroscopy equipment using laser-based technology, from October 2002 to August 2013, and as its Interim Chief Executive Officer from January 2002 to April 2004.

From February 2001 until September 2002, Mr. Dougherty was the Chief Operating Officer at JDS Uniphase Corporation, an optical technology company. Prior to JDS, he was the Chief Operating Officer of SDL, Inc., a maker of laser diodes, from March 1997 to February 2001 when they were acquired by JDS. Mr. Dougherty received a bachelor's degree in optics in 1983 from the University of Rochester.

Source: IPG Photonics

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