AXT Promotes Three Executives

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AXT Inc., a manufacturer of compound semiconductor substrates, has announced three executive promotions.

Raymond A. Low, formerly AXT's vice president, corporate controller and acting chief financial officer, has been appointed vice president and chief financial officer.

Davis Zhang, formerly AXT's president of joint venture operations, has been appointed president of AXT China Operations, with responsibility for managing and developing AXT's joint venture operations, as well as assisting Chief Executive Officer Dr. Morris Young with the management of AXT's manufacturing facilities in China.

Robert G. Ochrym, formerly AXT's vice president of business development, has been appointed vice president of business development, strategic sales and marketing. His responsibilities include sales for the North American East Coast, as well as for Europe, continuing to work closely with John J. Cerilli, vice president of global sales and marketing, to maximize customer support around the world. He will also be responsible for developing sales and marketing strategies, major sale contract negotiations, major market identification and other strategic sales and marketing functions.

Davis Zhang co-founded AXT in 1986. He was formerly AXT's president of joint venture operations. From 1999 to 2003, Zhang was president of AXT's substrate division, and prior to that, held senior level positions in production.

Robert G. Ochrym joined AXT as vice president of business development in June 2005. Prior to AXT, from 2003 to May 2005, Ochrym was national sales manager at Aixtron Inc., and from 1973 to 2003, Ochrym held various positions in sales and marketing, business development and product management.

Raymond A. Low, formerly AXT's acting chief financial officer, joined the company as corporate controller in February 2005 and was promoted to vice president, corporate controller in July 2006. Prior to that, he held various management positions in finance, accounting and business operations.

SOURCE: AXT Inc.

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