MILPITAS, CA, August 31, 2006 – Celerity, Inc., a leading provider of advanced gas and chemical delivery solutions to the global semiconductor and electronics industries, today announced that David Shimmon, chief executive officer, will move to the role of executive chairman and John Murphy, president and chief operating officer, has been promoted to president and chief executive officer, effective immediately. Murphy was also elected to Celerity’s board of directors.
“Since joining the company last October, John has driven a number of key initiatives to increase Celerity’s competitiveness. He is well prepared to become Celerity’s CEO,” said Shimmon. “Together with Texas Pacific Group, Celerity has developed an exciting strategy and the company is poised to grow to the next level.”
In his new role, Murphy will drive the overall operating performance of the company, including building a world-class organization and bringing to market Celerity’s investments into advanced technology. Shimmon will concentrate his efforts on critical growth opportunities and strengthening Celerity’s business relationships with customers and key industry partners.
“Today’s management changes improve Celerity’s ability to realize key growth opportunities in critical instruments and systems and satisfy the ever changing requirements of our customers,” said John Marren of Texas Pacific Group.
About Celerity
Celerity is a technology leader providing critical instruments and systems integration solutions in advanced gas and chemical delivery to the global semiconductor and electronics industries. For additional information, please visit www.celerity.net.