Hexcel names James Coogan as new CFO

Axcelis Technologies, Inc. (Nasdaq: ACLS) announced that James Coogan, its Chief Financial Officer since October 2023, has resigned to pursue a CFO opportunity at another public company, effective April 24, 2026. Coogan's departure follows a planned transition, with no disputes over financial or operational matters. During his tenure, Coogan succeeded Kevin Brewer, who retired in late 2023, and contributed to strengthening Axcelis' financial performance.

David Ryzhik, Senior Vice President of Investor Relations and Corporate Strategy, has been appointed Interim CFO effective March 12, 2026. Ryzhik, with over 20 years of finance and investor relations experience, has played a key role in Axcelis' pending merger with Veeco and will oversee integration planning during the transition. The board emphasized Ryzhik's deep familiarity with the company's operations.

Coogan will remain with Axcelis until April 24 to ensure a seamless transition. The company plans to engage an executive search firm to identify a permanent CFO. Coogan previously served as CFO at Kaman Corporation (2009–2023) and held roles at PwC, Ann Taylor, and Mohegan Tribal Gaming Authority according to company announcements. His departure marks the next phase of leadership evolution for Axcelis as it advances its strategic priorities.

Axcelis, a semiconductor equipment manufacturer specializing in ion implantation systems, reported Coogan's resignation in a March 12, 2026, SEC filing. The company reiterated confidence in its financial stability and long-term growth prospects.