Coherent, Inc. announced that its Board of Directors has named Andreas Andy W. Mattes, previously senior advisor at McKinsey & Company and president and chief executive officer of Diebold Nixdorf, as the company's new President and Chief Executive Officer and a member of the Board of Directors, effective April 6, 2020. This appointment follows the announcement a year ago that John R. Ambroseo, PhD will retire from his positions as President and Chief Executive Officer and member of the Board no later than April 2021. John Ambroseo will transition to become a Special Advisor to the company until the end of next year, ensuring a smooth and successful transition.

On Andy Mattes' recommendation, Coherent's Board of Directors has also appointed Mark Sobey, PhD, as Coherent's new Executive Vice President and Chief Operating Officer, effective April 6, 2020. Andy Mattes most recently served as a Senior Advisor at McKinsey & Company.