About Keithley
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Keithley markets highly accurate instruments and data acquisition products, as well as complete system solutions for high-volume production and assembly testing.
Who is Keithley Instruments
Keithley Instruments, Inc. designs, develops, manufactures and markets complex electronic instruments and systems geared to the specialized needs of electronics manufacturers for high-performance production testing, process monitoring, product development and research. The Company has approximately 500 products used to source, measure, connect, control or communicate direct current (DC), radio frequency (RF) or optical signals. Product offerings include integrated systems solutions, along with instruments and personal computer (PC) plug-in boards that can be used as system components or stand-alone solutions. The Company's customers are engineers, technicians and scientists in manufacturing, product development and research functions.
What Makes Keithley Unique
Keithley's Accomplishments
Company Directors
Brian R. Bachman
Private Investor and Adjunct Professor at the Northwestern University Kellogg-McCormick MMM Program, Former Chief Executive Officer and Vice Chairman of Axcelis Technologies, Director, Kulicke and Soffa Industries, Inc.
(3) (4) (5)
James T. Bartlett
Advising Director, Primus Venture Partners, Inc.; Director, Oglebay Norton Company and Lamson & Sessions Company
(1) (2) (5)
James B. Griswold
Partner, Baker & Hostetler LLP, Counselors-at-Law General Counsel to the Company
(5)
Leon J. Hendrix, Jr.
Chairman of Remington Arms Company; Former Principal of Clayton, Dubilier & Rice, Inc. and Former Chief Operating Officer of Reliance Electric Company, Director, Cambrex Corporation and NACCO Industries, Inc., Chairman of Clemson University Board of Trustees
(1) (3) (4) (5)
William J. Hudson, Jr.
Private Investor, Former President and Chief Executive Officer of AMP, Inc.; Director, The Goodyear Tire and Rubber Company
(2) (4) (5)
Joseph P. Keithley
Chairman of the Board, President and Chief Executive Officer, Keithley Instruments, Inc.; Director, Brush Engineered Materials, Inc. and Nordson Corporation
(1) (5)
N. Mohan Reddy, Ph.D.
Associate Professor of Marketing and Professor of Technology Management at the Weatherhead School of Management, Case Western Reserve University and consultant to firms in the electronics, semiconductor and telecommunications industries; Director, Brush Engineered Materials, Inc.
(3) (5)
R. Elton White
Private Investor; Former President of NCR Corporation; Director, Kohl's Corporation
(2) (3) (5)
(1) Executive Committee
(2) Audit Committee
(3) Compensation and Human Resources Committee
(4) Nominating and Corporate Governance Committee
(5) Strategy Committee
Company Executive Biographies
Joseph P. Keithley
Chairman of the Board, President and Chief Executive Officer
Joseph P. Keithley is Chairman of the Board, President and Chief Executive Officer of Keithley Instruments, Inc. in Cleveland, Ohio. Mr. Keithley has served as the company's Chairman since February 1991 and President and CEO since November 1993.
Keithley graduated from Cornell University with a Bachelor of Science degree in 1971, and a Master of Operations Research and Industrial Engineering in 1972. He received a Master's in Business Administration with distinction from the University of Michigan in 1976.
Upon graduation from Cornell, Keithley joined Eaton Corporation where he worked as a manufacturing engineer and later as a market research analyst in the Truck Component Group.
Since joining Keithley Instruments in 1976, Joseph P. Keithley has held various positions in manufacturing, sales, marketing, and division management.
Keithley is a member of the Board of Trustees of Case Western Reserve University and the visiting committee of the Case School of Engineering. He also serves on the advisory council of Cornell University's School of Electrical and Computer Engineering. He is a NorTech board member and vice chairman of the board, chairing the electronics cluster and OhioICE initiative. He is a member of the Ohio Aerospace Council (advocacy and strategy council for NASA Glenn) and is a director of The Cleveland Foundation.
Keithley is a director of Brush Engineered Materials and Nordson Corporation and is an advisor to Early Stage Partners.
Philip R. Etsler
Vice President, Human Resources
Philip R. Etsler is Vice President of Human Resources for Keithley Instruments, Inc. Prior to joining Keithley in 1986, Etsler served as Director of Personnel for Harris Corporation, a $2.5 billioncommunications and information handling company in Melbourne, Florida. While at Harris, Etsler also headed human resources for the company's Analog Division and Government Systems Group.
Etsler earned Bachelor's degrees in Economics and English from New York University and a MBA from the State University of New York (Buffalo, New York). His professional career includes working as a recruiter for Chase Manhattan Bank and in management development and training for Xerox.
Etsler is a member of the Society for Human Resource Managers (SHRM) and the Human Resource Planning Society (HRPS).
Mark A. Hoersten
Vice President, Business Management
Mark Hoersten is Vice President, Business Management for Keithley Instruments, Inc. Hoersten, who joined Keithley as a Design Engineer in 1980, has held several positions at Keithley, including Engineering Manager, Product Market Manager, Strategic Marketing Manager, Business Manager for the Telecom group, and General Manager.
Hoersten graduated from the University of Toledo with a BSEE. He earned a MSEE from Cleveland State University and received his MBA from Case Western Reserve University.
Hoersten is a registered professional engineer.
Larry L. Pendergrass
Vice President, New Product Development
Larry L. Pendergrass joined Keithley Instruments, Inc. in 2003 as Vice President, New Product Development. Prior to joining Keithley, he had over 20 years experience in research and development, product development, and manufacturing engineering with Agilent Technologies and Hewlett-Packard.
Pendergrass received a B.S. in Physics from San Diego State University and a M.A. in Physics with a focus on Solid State Physics and Optics from the University of California.
Mark J. Plush
Vice President and Chief Financial Officer
Mark J. Plush is Vice President and Chief Financial Officer for Keithley Instruments, Inc. He joined Keithley in 1982 as Corporate Controller, was named a corporate officer in 1989, and was appointedChief Financial Officer in 1998. Prior to joining Keithley, Plush completed an 11-year career with Parker Hannifin Corporation.
Plush earned a Bachelor's of Science Degree in Business Administration from John Carroll University (Cleveland, Ohio) and a MBA from Case Western Reserve University (Cleveland, Ohio). He is also acertified public accountant.
Plush is Treasurer for the Ohio chapter of the March of Dimes with which he has been actively involved since 1993. He is a member of the American Institute of Certified Public Accountants, the FinancialExecutive Institute, and the Ohio Society of Certified Public Accountants.
Linda C. Rae
Senior Vice President and General Manager
Linda Rae is Senior Vice President and General Manager at Keithley Instruments, Inc. She joined Keithley in 1995 with a position in product marketing and later served as head of Keithley's Component Test Group, as well as the company's Optoelectronics Group.
Rae earned a Bachelor's Degree in Electrical Engineering from the University of Florida. In addition, she holds a MBA from the Weatherhead School of Management at Case Western Reserve University (CWRU) and hasa Master's Degree in Electrical Engineering from Case Western Reserve University.
Rae is a former member of the Weatherhead School of Management Alumni Association Board of Directors. As part of Keithley work teams, Rae has received two EDI (NorTech) awards and an internal Keithley QSII (Quality-Service-Innovation-Integrity) award for innovation.
Gabriel A. Rosica
Executive Vice President
Gabriel A. Rosica is Executive Vice President of Keithley Instruments, Inc. In 1992, Rosica joined Keithley's Board of Directors while serving as Senior Vice President and Chief Operating Officer ofBailey Controls in Cleveland, Ohio. He joined Keithley in 1996 as Senior Vice President.
Rosica earned a Bachelor's of Arts Degree and a Bachelor's of Science Degree in Electrical Engineering from Columbia University. He also earned a Master's of Science Degree in Electrical Engineeringfrom Rensselaer Polytechnic Institute and a MBA from Boston University. In addition to the executive positions he held at Bailey Controls, Rosica also served as President and Chief Executive Officer ofModular Computer Systems, and as Vice President and General Manager of The Foxboro Company's U.S. business operations.
Rosica is a registered professional engineer and a senior member of the Institute of Electrical and Electronic Engineers.
Debra Sibila
Corporate Controller
Debra Sibila is Corporate Controller at Keithley Instruments, Inc. She joined Keithley in 2003 from Goodrich Power Systems where she was Division Controller. Prior to an acquisition by Goodrich, Sibila spent over 20 years with TRW in a variety of accounting and finance positions including Director, Finance.
Sibila earned a Bachelor's Degree in Business Administration from Myers College, and a MBA from the Weatherhead School of Management at Case Western Reserve University. She is also a certified public accountant. She is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants.
Company Fact Sheet
| PROFILE | Keithley Instruments, Inc. (NYSE:KEI) provides a greater measure of confidence to customers around the world by designing solutions for their emerging test and measurement needs. By building from its strength in electrical measurement solutions for research, Keithley has become a production test technology leader through working partnerships with leaders in fields where the pace of innovation and change is very fast, such as global communications, semiconductors, and components manufacturing. More information is available at www.keithley.com. |
| 2003 SALES | $106.7 million |
| EMPLOYEES | More than 600, with sales representatives in more than 80 countries. The company has subsidiaries or sales offices in Belgium, China, Finland, France, Germany, Great Britain, India, Italy, Japan, Korea, the Netherlands, Singapore, Sweden, and Taiwan. |
| KEY EXECUTIVE OFFICERS | Joseph P. Keithley - Chairman, CEO and President Mark J. Plush - CFO and Vice President Linda C. Rae - Senior Vice President & General Manager Gabriel A. Rosica - Executive Vice President |
| KEY MARKETS | Keithley offers a broad line of test and measurement solutions for engineers and scientists throughout the world in dozens of disciplines. The company markets highly accurate instruments and data acquisition products that measure low levels of voltage, resistance, current, capacitance, and charge, along with complete system solutions for high volume production and assembly testing. Keithley focuses on developing new solutions for the broader electronics industry, as well as for several primary markets: Electronic Manufacturing Production Test - high throughput solutions for component testing, encompassing the entire spectrum of control, connect, and source-measure instrumentation. Keithley's instruments are used from the initial production steps through final quality assurance tests and parts binning on diodes, transistors, resistors, capacitors, sensors, and other electronic components. Flat Panel Displays/Optoelectronics - for testing the LCD/OLED optical components and diodes commonly used in display and fiberoptic telecommunications/datacom component industries, which require specializedtest equipment capable of low current, high precision measurements. Research/Education - scientific solutions that provide highly accurate, low level measurements for research into superconductivity, metals, polymers, insulators, and semiconductors. Semiconductor - for device characterization and monitoring semiconductor wafer processing, including Automated Parametric Test systems, Wafer Level Reliability systems, and I-V/C-V test systems. Telecommunications/Wireless - a broad line of fully integrated products for testing telecommunications devices, such as cellular phones, pagers, mobile radio base stations, and digital switch systems used in product design, production, and QA/QC labs. |
| HISTORY | Since 1946, Keithley Instruments has been engineering the future of testing technology. The company was founded by Joseph F. Keithley, whose contributions to measurement science led to groundbreaking technologies. The company's earliest electronic measuring devices, such as electrometers and picoammeters, were ideal for measuring low level electrical signals precisely and were sold to scientists and physicists in laboratories around the world. Over the years, Keithley has extended its measurement technology to create innovative solutions for high volume production test applications in the telecommunications, semiconductor, optoelectronics, and other segments of the electronics industry. Keithley is consistently recognized as a leader in electronic measurements, and has won 18 R&D 100 awards, the State of Ohio's prestigious Edison Award, and other industry and civic accolades. |
Company History
Keithley Instruments has more than a half-century of experience in pushing out the boundaries of measurement science. Founded by Joseph F. Keithley in 1946 in a small workshop in Cleveland, Ohio, Keithley Instruments has consistently led the industry in the development of innovative electronic test and measurement and data acquisition solutions for engineers and scientists.
The test and measurement industry recognized Mr. Keithley's leadership and engineering expertise with numerous awards in his lifetime, including election to the National Academy of Engineering's Hall of Fame. In recognition of the quality, reliability, and innovative technology of Keithley products, the Company has received the State of Ohio's prestigious Edison Award. Keithley products have been recognized with the R and D 100 Award 17 times and two of the Company's instruments were further recognized as being among the most significant test and measurement products of the last 40 years.
In the early decades, the Company's products were designed to address the needs of physicists and space scientists, who came to depend on Keithley's expertise in ultra-low-level measurement. As the world's demand for semiconductors, automobiles, and consumer electronics grew and new manufacturing technologies were invented, a growing number of production test engineers began turning to Keithley for fast, accurate production test solutions. Keithley engineers have built on the Company's core competency in low-level measurement and applied it to high-volume production test applications in high-growth sectors such as telecommunications and wireless devices, electronic components production, semiconductors, factory automation, and optoelectronics. By helping manufacturers resolve the testing issues associated with the rapid technological change in fledgling industries and the continuous evolution of existing ones, Keithley has grown to become a world leader in test technology development. Keithley fuels its product innovation efforts by spending approximately ten percent of annual sales on new product development.
As demand for the Company's solutions has grown, Keithley has expanded to serve customers worldwide, operating direct sales and support offices in 13 countries and providing sales representatives in more than 80 countries. Today, engineers and scientists around the world depend on Keithley instruments to help them make better, faster, more cost-effective measurements at each stage of the product research, development, and manufacturing process.
ISO 14001 Environment Management System
Environmental Policy
Keithley Instruments, Inc. is committed to protecting the environment and the health and safety of our employees, our customers, and the public. We strive to conduct our activities in an environmentally sustainable manner, taking into consideration the complex and interconnected relationship of our ecosystem.
Keithley Instruments, Inc. is committed to compliance with all applicable governmental requirements and internal environmental, health, and safety (EHS) requirements. We maintain management systems designed to ensure compliance and support integration of EHS considerations into our business process.
Keithley Instruments, Inc. is committed to the protection of human health and prevention of pollution. We strive to identify and eliminate negative EHS impacts associated with our facilities, activities, services, and products.
Keithley Instruments, Inc. is committed to continual improvement of our EHS management systems and performance. Keithley Instruments, Inc. will establish objectives and targets, conduct regular management systems and performance evaluations, and periodically report on our performance to our employees, our customers, and the public.
Keithley Instruments, Inc. will foster communications with interested parties, including our employees and the public, and be responsive to their EHS concerns and suggestions. We will share information and openly communicate our EHS management systems and performance and the impacts of our activities, services, and products.
Management at all levels will take actions to ensure that all employees understand the meaning and the importance of this policy. Our employees are responsible for integrating EHS consideration into their work activities.
Signed by
Joseph P. Keithley
Chairman of the Board
Revised August 14, 2002
page updated: 2008-09-29