Cobalt appoints new CEO

Cobalt Light Systems has appointed Paul Loeffen as the new chief executive officer (CEO). Paul has direct experience of managing early-stage companies in this sector having co-founded Oxford Diffraction Limited in 2001 where he was the CEO until its acquisition in 2008 (in a deal worth $48million in total).

Paul has held management positions in Oxford Instruments plc and Varian, Inc. in marketing and general management. He has an MBA and a PhD in physics and, in his early research career, worked for several years at international laboratories in Switzerland, Germany and France.

Paul commented “I am delighted to be joining Cobalt at this exciting stage in its development. The company has amazing technology and a very talented team and it has recently secured some important orders. With its new products, and others soon to be launched, I believe that the company is set to achieve very attractive growth over the next few years. I believe that I can contribute to this picture with the experience that I have gained of managing very similar high growth technology companies.”

Paul’s appointment completes the strong executive team at Cobalt that has been formed since 2008.

Oct 2009