Axcelis Technologies, Inc. announced the appointment of Jeroen Delsman as Executive Vice President and Chief Financial Officer, effective November 12, 2026. Mr. Delsman will succeed David Ryzhik, who has served as the Company's interim CFO. Following the transition, Mr. Ryzhik will assume the role of Senior Vice President of Corporate Development and Investor Relations.
The company stated that Mr. Delsman brings 18 years of semiconductor industry experience and more than 26 years of finance and accounting experience. Prior to joining Axcelis, he served as Vice President of Ferrotec USA Corporation. He also previously held roles as Vice President of Finance and Controller at Sanmina Corporation and Vice President of Business Finance and Operations at Veeco Instruments Inc. Additionally, Mr. Delsman has held finance leadership roles at Lam Research Corporation, Novellus Systems, Inc., McKesson Corporation, and Silicon Graphics, Inc.
In connection with his appointment, Axcelis and Mr. Delsman entered into an offer letter agreement on October 26, 2026. The agreement details the following compensation arrangements:
- Annual base salary of $500,000.
- A sign-on cash bonus of $352,000, payable upon commencement of employment, subject to repayment if he voluntarily separates or is terminated for cause within one year.
- A sign-on restricted stock unit award with a grant date value of $1,200,000, vesting in three equal tranches over three years.
- Eligibility for annual equity awards with an expected target value of at least $1,200,000.
- An $80,000 relocation bonus, subject to similar repayment terms.
- Subject to board approval following the closing of the pending merger with Veeco, a three-year performance-based special equity grant with a target value of $1,200,000.
Mr. Delsman will be subject to the Company's standard change in control severance and executive separation pay agreements. The Company also noted that Mr. Delsman has no family relationships with any director or executive officer.
