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TheStreet Open House

IPG Photonics Strengthens Management Team To Capitalize On Growth Opportunities

IPG Photonics Corporation (NASDAQ: IPGP) today announced three senior management appointments focused on strengthening the Company’s worldwide sales and marketing efforts. Trevor Ness has been promoted to Senior Vice President Worldwide Sales and Marketing and will continue to supervise the Asian operations. Also, David Gray was appointed Vice President – Strategic Development & Systems Solutions; and Yuri Erokhin was appointed Vice President – Strategic Marketing.

“We are strengthening our management team with three experienced professionals who have demonstrated their expertise and success in helping to expand business opportunities and grow sales,” said Dr. Valentin Gapontsev, IPG Photonics’ Chief Executive Officer. “Trevor Ness has been successful at IPG in establishing strong relationships with OEMs in Asia, as well as improving service and the effectiveness of the sales force there. David Gray has a proven track record of driving rapid growth through organic product development, strategic acquisitions and operational execution. Yuri Erokhin has a strong scientific background that he has applied to the development of sophisticated marketing strategies to identify and secure new business opportunities. We look forward to their combined contributions as we enhance our product portfolio, enter new applications and geographies and generate profitable long-term growth.”

Trevor Ness joined IPG in January 2011 as Vice President - Asian Operations, and successfully managed double digit growth in China, Japan and Korea. Prior to 2011, he served as Director of GSI Precision Technologies China at GSI Group, where he was responsible for all business activity in China, including manufacturing, sales, service and market development. From 1997 until 2005, Ness served in various senior management sales and operations roles in the UK and Asia with GSIL Asia Pacific, Westwind Japan, and Westwind Air Bearings Ltd. Ness earned a BSc in Geology from Imperial College London, an HNC in Production Engineering from Bournemouth University, and an MBA (Technology Management) from The Open University.

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