K. Theodor Krantz joins SemiNex Board of Directors

SemiNex Corporation announces the appointment of Ted Krantz, former CEO of Velcro Industries, to its Board of Directors.

“We are excited to welcome Ted to our Board of Directors,” said SemiNex President and Chief Executive Officer David Bean. “Ted brings impressive business acumen with him, and that combined with his proven track record in business make him a perfect fit for our Board of Directors.”

Krantz is a veteran in the realm of industrial manufacturing with an extensive background in sourcing, finance, business development and growth. Currently, Ted serves as the part-time V.P. of Finance at Airmar Technology Corp, a leader in marine ultrasonic technologies. He also served as Airmar President from 2000 – 2011.

Krantz received a BA from Princeton in 1964 and an MBA from Harvard in 1968. He maintains a proficiency and passion for Romance Languages, stemming from his collegiate experiences. Ted’s business experience includes ten years with Certainteed Corporation, where he held various positions including V.P. of Operations and Assistant Corporate Controller. He also spent several years with La Compagnie de Saint-Gobain as V.P. of Finance for the Fiberglass Reinforcements Group. Saint-Gobain S.A. is the 5th largest French industrial manufacturing company. Krantz then spent 16 years with Velcro Industries, serving as President of Velcro USA from 1984-1999 and CEO of Velcro Industries from 1994-1999. Ted  also serves on the Board of Directors and audit committees for several other companies and has also been involved in civic and philanthropic work with organizations such as the Boy Scouts of America, the United Way, Elliot Hospital and as a Trustee of the Amherst, NH Public Library, to name but a few. He served as an adjunct professor at Southern New Hampshire University from 2000-2005 in the area of Business Strategy.

“I’m very happy to be taking a seat on the SemiNex Board of Directors,” shares Krantz. “SemiNex’s reputation for providing innovative, quality lasers and commitment to continuous improvement are tantamount to a successful business, and I look forward to helping guide the company as it enjoys unprecedented growth and demand.”

In addition to Ted Krantz, SemiNex’s Board of Directors includes Timothy Feeney, founder of HF Management Group; Greg Smith, President of CIV; Rod Van Sciver, retired President of TimberTech Co; and David Bean, founder, President, and CEO of SemiNex.