Adept Appoints Strickland as VP of Finance and CFO

June 15, 2004 by Jeff Shepard

Adept Technology Inc. (San Jose, CA), a manufacturer of automation for the semiconductor and telecommunications industries, announced that Robert Strickland has joined the Adept executive management team as Vice President of Finance and Chief Fnancial Oficer effective June 15, 2004. Strickland replaces Michael Overby, who will be transitioning his responsibilities and then leaving the company to pursue other opportunities.

"Bob's appointment rounds out our new executive team with professionals focused on improving value for shareholders and other stakeholders," said Rob Bucher, chairman and chief executive officer for Adept Technology. "In transforming to a more market-focused business, it is imperative to have an optimized financial process and structure to support Adept's growth initiatives and consistent profitability. These needs must be consistent with our compliance activities. Bob's experience and knowledge will be key to building this structure."