MKS Inc.

MKS Inc.

November 24, 2009 07:45 ET

MKS Announces Changes to Leadership Structure

WATERLOO, ONTARIO--(Marketwire - Nov. 24, 2009) - MKS Inc. (MKS) (TSX:MKX) the global application lifecycle management (ALM) technology leader, today announced several changes to its executive management structure.

Michael Harris, the Company's President & COO, has been appointed President & CEO. Philip C. Deck, the Company's CEO, has been appointed Executive Chairman and continues in his role as Chairman of the Board of Directors.

Messrs. Deck and Harris continue their full-time commitments to the success of MKS and their successful partnership in guiding the profitable organic growth strategy that has positioned MKS at the forefront of the Application Lifecycle Management market. The changes are intended to address the evolution of their roles over the past few years, to clarify reporting relationships internally and externally and to allow Mr. Deck, who continues to be MKS' largest shareholder, to increase his focus on the strategic aspects of MKS's growth.

"I am delighted to properly identify Michael's leadership role in the success of MKS" said Philip C. Deck, Executive Chairman of MKS. "Michael has been instrumental in creating an organization obsessively focused on market leadership. As the economic climate improves, I will be working closely with him to take MKS to new heights in growth and profitability."

"I have never been more excited about the potential for MKS in our rapidly evolving market. I look forward to continuing to work closely with Phil and the rest of the MKS board to take the foundation we have created with product superiority, key global account wins and our team's unique expertise to a much larger base of customers" said Michael Harris, President & CEO of MKS. "While we have established MKS as the technology and thought leader, the most significant opportunities for us still lie ahead."

About MKS

MKS Inc., the global application lifecycle management (ALM) technology leader, enables software engineering and IT organizations to seamlessly manage their worldwide software development activities. With its flagship product, MKS Integrity, MKS offers support for all software development activities through a single enterprise application, resulting in better global collaboration and higher productivity. MKS supports customers worldwide with offices across North America, Europe and Asia. For more information about MKS, visit our Web site at

Copyright © 2009 MKS Inc. MKS and MKS Integrity are trademarks of MKS Inc. All other trademarks mentioned in this release are the property of their respective owners.

This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Although the Company believes the expectations represented by such forward looking statements are reasonable, there can be no assurance that those expectations will prove to be correct. Many factors could cause our actual results to differ materially from the statements made including those factors detailed from time to time in filings made by the Company with Canadian securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. The Company does not intend and does not assume any obligation to update these forward-looking statements.

Contact Information

  • MKS Inc.
    Philip C. Deck
    Executive Chairman