Axcelis Names David Ryzhik Interim CFO, Coogan to Remain Through April 24
Axcelis named SVP David Ryzhik Interim CFO effective March 12, with James Coogan staying through April 24 to oversee transition as a search for a permanent successor begins. His deep knowledge of Axcelis’s finance operations and leadership in the Veeco merger should maintain integration momentum and drive shareholder value.
1. Interim CFO Appointment
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.
2. Outgoing CFO Transition
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.
3. Permanent CFO Search
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.
4. Integration and Value Creation
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.