The board has engaged a leading executive search firm to identify and recruit a permanent CFO, initiating a comprehensive process to find a successor with strategic financial expertise. On March 12, 2026, Axcelis appointed Senior Vice President David Ryzhik as Interim Chief Financial Officer, promoting him from his investor relations and corporate strategy role to lead the finance organization. James Coogan will remain with Axcelis through April 24 to ensure a smooth handover of duties and continuity in financial reporting and operations during the leadership change. Ryzhik’s familiarity with Axcelis’s financial operations and active involvement in the pending merger with Veeco is intended to sustain integration momentum and support long-term shareholder value creation.