PALO ALTO, Calif.--(BUSINESS WIRE)--April 10, 2006--Agilent
Technologies Inc. (NYSE:A) has named Keith Barnes as president and
chief executive officer of its semiconductor test subsidiary, Verigy
Pte. Ltd., effective May 1. Verigy filed its registration statement
with the SEC for its initial public offering last month, and Agilent
plans to complete its spin-off of Verigy by Oct. 31, 2006, the end of
its fiscal year. Barnes is currently the chairman and CEO of
Electroglas, a leader in integrated circuit (IC) prober manufacturing,
based in San Jose, Calif.
Prior to his work at Electroglas, Barnes was chairman and CEO of
Integrated Measurement Systems (IMS), an Oregon-based company
recognized for its work in mixed-signal and memory-IC verification
before it was acquired by Credence Systems Corp. in 2001.
Barnes also served as a division president at Cadence Design
Systems for the Prototype Verification Division and at Valid Logic
Systems prior to its acquisition by Cadence.
Barnes replaces long-time Agilent veteran Jack Trautman. Trautman
has most recently served as interim president of the company's
Semiconductor Test Business, and was president of Agilent's Automated
Test Group prior to the spin-off announcement. Trautman will continue
to support Verigy as a senior advisor through its transition into a
separate company.
Adrian Dillon, Agilent's chief financial officer and executive
vice president of finance and administration said, "Keith brings a
wealth of experience to this leadership position. His many years of
managing public companies will be a great asset to our company, and
help to realize the full potential of our semiconductor test
business."
"I am very excited to be joining Verigy," said Barnes. "Agilent
has long had a powerful reputation for technology leadership and
innovation, and a strategic position in the test industry. I look
forward to helping build the world's premier semiconductor test
business."
Barnes, 54, was born in San Francisco, Calif. He currently serves
on the Boards of Cascade Microtech and Clarity Visual Systems. Barnes
holds a B.S. degree in Environmental Science from San Jose State
University.
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is the world's premier
measurement company and a technology leader in communications,
electronics, life sciences and chemical analysis. The company's 20,000
employees serve customers in more than 110 countries. Agilent had net
revenue of $5.1 billion in fiscal 2005. Information about Agilent is
available on the Web at www.agilent.com.
Forward-Looking Statements
This news release contains a number of forward-looking statements
that involve risks and uncertainties. These forward-looking statements
include, but are not limited to, statements regarding Agilent
Technologies' intention to separate its semiconductor test business
and complete the spin-off of this business by the end of the current
fiscal year. These forward-looking statements are subject to a number
of risks and uncertainties that could cause actual events to differ
materially from those in the forward-looking statements. The risks and
uncertainties include, but are not limited to, the inability of
Agilent to manage successfully and complete the separation, including
the ability to retain and attract key employees; risks relating to the
allocation of assets and personnel between the companies; the risk
that the initial public offering of Verigy may not occur in its
expected timeframe or at all; the risk of a downturn in the companies'
target markets; and the possibility of unfavorable economic conditions
in general. Agilent undertakes no duty to update the forward-looking
statements herein.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news are available on the Agilent news site at
www.agilent.com/go/news.
CONTACT: Agilent Semiconductor Test Business
Jana Knezovich, 970-679-3399
jana_knezovich@agilent.com
or
Agilent Corporate
Amy Flores, 650-752-5303
amy_flores@agilent.com
SOURCE: Agilent Technologies Inc.