Longtime Veeco Instruments CFO To Retire

NEW YORK (AP) — Veeco Instruments Inc., a maker of precision manufacturing products, said Monday that its longtime chief financial officer plans to retire, ending a 15-year career at the firm.

The Plainview, N.Y.-based company said John F. Rein Jr., 62, will retire, although no timetable has been set. The company has retained a search firm to assist in recruiting a new CFO, with Rein assisting in the search and remaining in his current role until a successor is named.

Rein joined the company in December 1993, prior to the company's 1994 initial public offering.

In addition, Veeco said it has promoted two employees to new roles.

Peter Collingwood, currently vice president and general manager for Europe, will now serve as senior vice president of worldwide sales and field service organization. David Bruns will become senior vice president and general manager of Veeco Solar Equipment, helping to manage the company's solar business.

Shares of the company fell 76 cents, or 6.3 percent, to close at $11.27.