The Board of Directors of Axcelis Technologies, Inc. named James Coogan to succeed Kevin Brewer as Executive Vice President and Chief Financial Officer. Mr. Coogan will join the Company in October 2023. At that time, Mr. Brewer will assume the title of Executive Vice President, Finance and Operations.

He will continue to manage the Company's manufacturing operations and will support the transition of the Company's finance function to Mr. Coogan. Mr. Brewer plans to retire at year-end 2023 and will remain as a Senior Advisor through 2024. Mr. Coogan brings more than 20 years of finance, accounting, and investor relations experience across multiple industries, most recently in aerospace and defense.

Mr. Coogan joins Axcelis after serving as Senior Vice President, Chief Financial Officer at Kaman Corporation, a leading provider of aerospace and defense products. During his 15 years with Kaman, he held various management positions including Vice President, Investor Relations and Corporate Development, Assistant Vice President, External Reporting and SEC Compliance, and Director, External Reporting and SEC Compliance. After starting his career at PwC, he held several financial management roles at Ann Taylor Stores Corporation and Mohegan Tribal Gaming Authority before joining Kaman.

He holds a Master of Business Administration from Yale School of Management, a Master of Science in Accounting from the University of Connecticut and a Bachelor of Science in Business Administration, Accounting from the University of Connecticut. Mr. Brewer has had a 24 year career at Axcelis. He came to Axcelis through Eaton Corporation and held numerous executive level positions in the Company including CFO and EVP of Global Operations for the past 10 plus years.

Prior to joining Eaton, Mr. Brewer held numerous senior level positions at Raytheon Companies Aircraft, Electronic Systems and Missile systems Divisions.