IPG Photonics Corporation announced the election of Greg Beecher to its Board of Directors. Mr. Beecher is the former Vice President, Treasurer, Chief Financial Officer and Chief Accounting Officer of Teradyne. After joining the company as Chief Financial Officer in 2001, he led the acquisition of multiple companies and delivered plans that would allow Teradyne to participate in broader end markets such as industrial automation, material handling and autonomous driving.

Prior to joining Teradyne, Mr. Beecher started his career at PwC and rose to the role of Senior Partner in Technology Practice. He received a Bachelor of Science from University of Hartford and a Master of Science in Accounting from Northeastern University. The Company also announced that Thomas J. Seifert notified the Company that he will resign as a director of the Company, effective immediately following the Company's filing of its annual report on Form 10-K and will not stand for election at the 2023 annual meeting of stockholders.

Mr. Seifert joined the IPG board in 2014.