WASHINGTON (dpa-AFX) - Tuesday, IPG Photonics Corp. (IPGP) announced the
appointment of Mark Gitin, as the Chief Executive Officer and a member of the
Board, starting from June 5, 2024.

Gitin will be taking over from Eugene Scherbakov, a co-founder of IPG who has
dedicated 30 years to the Company.

Scherbakov will continue as a Board member and will support the new CEO in an
advisory capacity.

With over 30 years of experience in the lasers and optics industry, Gitin brings
extensive technical and scientific knowledge to his new role. Currently, Gitin
leads the Photonics Solutions Division at MKS Instruments, Inc.

In pre-market activity on the Nasdaq, the shares are trading at $88.65, up
0.08%.



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