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Monday, October 24, 2016
VOLUME -25 NUMBER 8
Publication Date: 08/1/2010
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August 2010 Issue
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Qioptiq Names David Marks CEO
Luxembourg — Qioptiq, a global company which designs and manufactures photonic products and solutions, has named David Marks Chief Executive Officer of the company effective September 1. The current CEO, Mr. Fredrik Arp, who joined Qioptiq as Chairman and CEO at the beginning of this year, will serve as Executive Chairman of the company.
Mr. Marks has been active in the optics business for many years. He has been the head of the Defense and Aerospace Division since its creation in 2005 when Qioptiq was formed and before that, had been Managing Director of the St. Asaph facility since 2003. He had previously served as Managing Director of the Singapore facility for three years. Under his leadership, the Defense and Aerospace Division experienced compound annual growth rates of more than 10 percent in both sales and profitability between 2005 and 2010. To ensure a smooth transition in the leadership of Qioptiq as well as in the leadership of the Defense and Aerospace Division, there will be a four-month transition period.
At the Defense and Aerospace Division, Mr. Marks will be succeeded by Mr. Steve Shaw. Mr. Shaw is presently the Director of Operations at St. Asaph and has been since 2003. Mr. Shaw joined Qioptiq in 2001 as Manufacturing Director. During his tenure as Director of Operations, Mr. Shaw has implemented many improvements in the manufacturing processes and overseen numerous capital investments that have resulted in a truly world-class facility at St. Asaph. He has also been instrumental in working with Qioptiq's Singapore facility to effect the transfer technology and manufacturing know-how.\par
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