Leadership
Leadership Team
Steve Kelley
President and Chief Executive Officer
Steve Kelley
President and Chief Executive Officer
Prior to Advanced Energy, Kelley served as president and chief executive officer of Amkor Technology, Inc., a leading semiconductor package and test company, leading its financial transformation by prioritizing strong revenue growth, efficiency gains, and a culture of continuous quality improvement. Kelley also held executive leadership roles at various semiconductor manufacturing companies including Cree, Texas Instruments, and Philips Semiconductors (now NXP Semiconductors), where he focused primarily on revenue growth through the timely development of new products and services.
Kelley holds a Bachelor of Science degree in chemical engineering from the Massachusetts Institute of Technology and a Juris Doctor (J.D.) from Santa Clara University.
Paul Oldham
Executive Vice President and Chief Financial Officer
Paul Oldham
Executive Vice President and Chief Financial Officer
Oldham brings 30 years of experience in finance and administration. Previously, he was the chief financial officer of Electro Scientific Industries, Inc. (ESI), a leading developer and manufacturer of laser-based production equipment. He also served as the senior vice president of administration and corporate secretary. Oldham helped lead ESI through a significant multi-year transformation that resulted in strong revenue growth and profitability.
Prior to joining ESI, Oldham held several senior leadership positions, including vice president of finance and corporate controller, vice president treasurer, as well as investor relations and European operations controller at Tektronix, Inc., a test, measurement, and monitoring company.
Oldham holds a Bachelor of Science degree in accounting and a Master of Business Administration in accounting and finance from Brigham Young University.
Eduardo Bernal
Executive Vice President and Chief Operations Officer
Eduardo Bernal
Executive Vice President and Chief Operations Officer
Bernal has more than 30 years of experience managing global operations in the semiconductor industry and has successfully led large, complex, global organizations through phases of significant growth and transformation. He joined Advanced Energy from NXP Semiconductors, where he was senior vice president of assembly and test operations, responsible for a global footprint of multiple factories with a team of 12,000 employees. Prior to this, Bernal was with Texas Instruments, where he held various leadership roles in operations, manufacturing, planning, and quality.
Bernal holds a Bachelor of Science degree in Industrial Engineering from the Technological Institute of Aguascalientes in Mexico, and is a graduate of the Leading Organization & Change program from the Massachusetts Institute of Technology.
John Donaghey
Executive Vice President and Chief Commercial Officer
John Donaghey
Executive Vice President and Chief Commercial Officer
John has 30 years of experience in the electronics manufacturing industry. Before joining Advanced Energy, he spent seven years in senior sales and business leadership roles at Amkor Technology, most recently as global leader of sales. Prior to this, John spent 23 years with Texas Instruments in various leadership, sales, and marketing roles.
John holds a Bachelor of Science degree in electrical engineering from Texas A&M University and a Master of Business Administration from Southern Methodist University.
Elizabeth K. Vonne
Executive Vice President, General Counsel and Corporate Secretary
Elizabeth K. Vonne
Executive Vice President, General Counsel and Corporate Secretary
Vonne has more than 20 years of experience in the legal field. She joined Advanced Energy from Mesa Laboratories, Inc., a multinational manufacturer of critical quality control solutions and life science tools, where she served as vice president, legal, general counsel and secretary. Prior to this, Vonne was a partner at Davis, Graham & Stubbs LLP, a leading law firm that focuses on corporate transactions, complex litigation and regulatory compliance. Previously, she was an associate attorney with Clearly Gottlieb Steen & Hamilton LLP in New York City.
Vonne received her Juris Doctor from Columbia Law School, her Bachelor of Arts from Amherst College and studied law at The University of Tokyo.
Emdrem Tan
Executive Vice President, System Power
Emdrem Tan
Executive Vice President, System Power
Tan joined Advanced Energy in June 2021 and brings over 40 years of experience in the semiconductor industry with leadership roles in sales, marketing, manufacturing, and business development in Asia and the U.S. An experienced global business leader, he has a successful record of delivering revenue growth, market share gain, as well as successful development of new products. Prior to joining Advanced Energy, he held senior leadership positions at Amkor Technology, Inc., Diodes, Inc., and Texas Instruments.
Tan holds a Master of Business Administration from Brunel University in London.
Juergen Braun
Executive Vice President, Plasma Power
Juergen Braun
Executive Vice President, Plasma Power
Juergen brings over 20 years of experience in semiconductor manufacturing with a successful record of implementing strategic business plans, leading cross-functional international teams, as well as delivering revenue and market share growth.
Juergen holds a Diploma in chemistry from the University of Ulm, Baden-Württemberg, Germany, where he also completed his Ph.D. thesis on CVD growth of silicon and germanium on Si.
Umesh Manathkar
Executive Vice President and Chief Information Officer
Umesh Manathkar
Executive Vice President and Chief Information Officer
Umesh has more than 20 years of experience as a CIO, having led IT for global technology companies such as NetApp, Amkor, Cree, and Silicon Labs. During this time, he successfully led significant technology transformations.
Umesh holds a Bachelor of Engineering degree in mechanical engineering from Dr. Babasaheb Ambedkar Marathwada University. He also holds both a Master of Science degree in industrial engineering and a Master of Business Administration in technology from Arizona State University.
Rory O’Byrne
Senior Vice President and Chief People Officer
Rory O’Byrne
Senior Vice President and Chief People Officer
O’Byrne has more than 25 years of global and international human resources experience with leading public and private equity-backed companies in the technology, energy, industrial, and services sectors. Before joining Advanced Energy, he served as executive vice president and chief human resources officer for Jonah Energy LLC, one of the largest privately held natural gas producers in the U.S. Prior to this, O’Byrne served as senior vice president and chief human resources officer for MRC Global, the world’s leading global supplier of industrial products and services to the energy industry. He held global and international human resources leadership roles at BG Group, McDermott International, Hess Corporation, and BHP.
O’Byrne holds a bachelor’s degree in human resources and industrial relations from the University of Western Australia in Perth, Western Australia, and is a graduate of the Program for Leadership Development at Harvard Business School.
Board of Directors
Frederick A. Ball
Director since 2008
Frederick A. Ball
Director since 2008
Frederick A. Ball is currently an Operating Partner at Lightspeed Venture Partners, a multi-stage venture capital firm. He previously served as Executive Vice President and Chief Administrative Officer of Marketo Inc. (formerly Nasdaq: MKTO), a leading provider of a cloud-based marketing platform, from February 2016 through August 2016. Prior to that, Mr. Ball was Marketo’s Senior Vice President and Chief Financial Officer from May 2011 to February 2016. Prior to joining Marketo, Mr. Ball was the Chief Financial Officer for several private and public technology companies, including Webroot Software, BigBand Networks, Inc., and Borland Software Corporation (formerly Nasdaq: BORL). Mr. Ball also served as Vice President, Mergers and Acquisitions for KLA-Tencor Corporation (now KLA Corp., Nasdaq: KLAC), a manufacturer of semiconductor equipment, and prior to that as its Vice President of Finance. Mr. Ball was with PricewaterhouseCoopers LLC for over 10 years. Mr. Ball previously served as a director of Electro Scientific Industries, Inc. (formerly Nasdaq: ESIO), Sendgrid, Inc. (formerly NYSE: SEND), and FirstMark Horizon Acquisition Corporation (formerly NYSE: FMAC). Mr. Ball has served and currently serves on other private company boards, including Alchemer, Axonius, Contentful, Intenseye, and Webgility.
Chair of the Compensation Committee
Grant H. Beard
Chairman since 2016 and Director since 2014
Grant H. Beard
Chairman since 2016 and Director since 2014
Grant H. Beard currently serves as a senior executive Operating Partner for Blue Point Capital, a private equity firm, and as a senior advisor to Center Rock Capital, a global alternative investment firm. Mr. Beard served as Chairman and Chief Executive Officer of Wynnchurch Industries, LLC, a diversified holding company investing in engineered product businesses, from January 2016 to June 2017. Mr. Beard also served as a Senior Advisor to Wynnchurch Capital Ltd. Prior to joining Wynnchurch, Mr. Beard served as the Chairman and Chief Executive Officer of Wolverine Advanced Materials LLC, a Wynnchurch company, from July 2012 until October 2015. Mr. Beard served as President and Chief Executive Officer of Constar International, Inc. from 2010 to 2012, where he led the financial and operational restructuring of Constar’s global packaging business that was later sold to Plastipak Corporation. Prior to that, Mr. Beard served as President & CEO of TriMas Corporation, Chairman & CEO of Health Media, and Global Group President of Fluid Management Products at Dana/Echlin Corporation. In addition, Mr. Beard served as a senior executive Operating Partner with Blue Point Capital from 2009 to 2014. Mr. Beard also has experience at two private equity/merchant banking groups, Anderson Group and Oxford Investment Group, where he was actively involved in corporate development, strategy and operations management.
Anne DelSanto
Director since 2020
Anne DelSanto
Director since 2020
Anne T. DelSanto currently serves as a Limited Partner at Operator Collective and Stage 2 Capital, both venture capital funds that invest in early-stage companies supporting entrepreneurial efforts aimed at next generation technology and software. From February 2018 to April 2019, Ms. DelSanto served as the Executive Vice President and General Manager of Platform at Salesforce, Inc. (NYSE: CRM), a customer relationship management company, following six years of other senior leadership roles at the company. Prior to Salesforce, Ms. DelSanto served as Group Vice President of Sales Engineering at Oracle Corp. (NYSE: ORCL), an information technology and services company. She began her career as an Account Systems Engineer with International Business Machines Corporation (NYSE: IBM), where she spent several years building solutions for the health care market. Ms. DelSanto previously served on the board of Juniper Networks, Inc. (NYSE: JNPR) from March 2019 until July 2025 and she currently serves on the boards of private companies Axonius, Hubbl Technologies, and StackAdapt. Ms. DelSanto graduated with a degree in mathematics from St. John’s University and earned a Master of Science in administrative studies from Boston College.
Member of the Compensation Committee
Member of the Nominating, Governance, and Sustainability Committee
Tina M. Donikowski
Director since 2018
Tina M. Donikowski
Director since 2018
Tina M. Donikowski retired from General Electric Company (NYSE: GE), a diversified industrial company, in October 2015 after 38 years with the company. Ms. Donikowski served in a number of senior positions during her career at General Electric Company, including most recently as Vice President, Global Locomotive Business, GE Transportation, from January 2013 until her retirement. Ms. Donikowski currently serves on the board of directors of TopBuild Corp. (NYSE: BLD), a leading installer and distributor of insulation and building material products to the U.S. construction industry based in Florida, and Eriez Magnetics, a privately held manufacturer and designer of magnetic, vibratory, and metal detection applications based in Pennsylvania. Ms. Donikowski previously served as a board member of Atlas Copco AB (Stockholm: ATCO), a world-leading provider of sustainable productivity solutions based in Sweden, and CIRCOR International (formerly NYSE: CIR), a leading provider of flow control solutions and other highly engineered products and subsystems used in energy, aerospace and industrial markets. Ms. Donikowski holds a Bachelor of Science degree in Industrial Engineering, as well as an Honorary Doctorate, from Gannon University.
Chair of the Nominating, Governance, and Sustainability Committee
Member of the Compensation Committee
Ronald C. Foster
Director since 2014
Ronald C. Foster
Director since 2014
Ronald C. Foster previously served as Chief Financial Officer and Vice President of Finance of Micron Technology, Inc. (Nasdaq: MU), a global corporation that produces various forms of semiconductor devices, from April 2008 to March 2015. Mr. Foster was appointed to that position in 2008 after serving as a member of Micron’s Board of Directors from June 2004 to April 2005. Before joining Micron, Mr. Foster was the Chief Financial Officer and Senior Vice President of FormFactor, Inc. (Nasdaq: FORM), a semiconductor wafer test equipment company. Prior to joining FormFactor, Mr. Foster served as the Chief Financial Officer for JDS Uniphase, Inc. and Novell, Inc., and served in various financial and operational roles at Applied Materials, Inc. (Nasdaq: AMAT), and Hewlett Packard Company (NYSE: HPE). He previously served as a board member of Everspin Technologies, Inc. (Nasdaq: MRAM), Inotera Memories Inc., a public company on the Taiwan stock exchange, LUXIM Corporation and Aptina Company.
Chair of the Audit and Finance Committee
Steve Kelley
Director since 2021
Steve Kelley
Director since 2021
Stephen D. Kelley currently serves as President & Chief Executive Officer of Advanced Energy, and as a member of our Board of Directors since March 2021. Mr. Kelley served as President & CEO and a board member of Amkor Technology, Inc. (Nasdaq: AMKR), a leading semiconductor package and test company, from May 2013 to June 2020. Prior to joining Amkor, Mr. Kelley served as Senior Advisor to Advanced Technology Investment Company, the Abu Dhabi-sponsored investment company that owns GlobalFoundries, until December 2012. Mr. Kelley served as Executive Vice President and Chief Operating Officer of Cree, Inc. (now Wolfspeed, Inc., NYSE: WOLF) from 2008 to 2011. Previously, Mr. Kelley held executive leadership roles of various businesses at companies including Texas Instruments, Philips Semiconductors, National Semiconductor, and Motorola. Since January 2023, Mr. Kelley has served on the board of directors of ONTO Innovation Inc. (NYSE: ONTO), a leader in the process control for the semiconductor and related industries. Mr. Kelley holds an SB ChE from the Massachusetts Institute of Technology and a JD from Santa Clara University.
Lanesha Minnix
Director since 2020
Lanesha Minnix
Director since 2020
Lanesha T. Minnix is Executive Vice President and General Counsel of Becton, Dickinson and Company (NYSE: BDX), a medical technology company, effective March 16, 2026. She previously served as Executive Vice President and Global Chief Legal Officer at Walgreens Boots Alliance, Inc. (Nasdaq: WBA), an integrated healthcare, pharmacy and retail company, from April 2024 to January 2026, where she was responsible for all legal, compliance, regulatory, and corporate security matters for the company. Prior to joining Walgreens, she served as Executive Vice President, General Counsel, and Corporate Secretary for Ecolab Inc. (NYSE: ECL), a global leader in water, hygiene, and infection prevention solutions that protect people, planet, and business health, from June 2022 to April 2024, and as Senior Vice President, Chief Legal Officer and Corporate Secretary of Flowserve Corporation (NYSE: FLS), a manufacturer of products for a range of industries, including oil and gas, power, chemical, water, pharmaceuticals, and food processing, from June 2018 to June 2022. She also previously served as Senior Vice President and General Counsel for BMC Stock Holdings, Inc., a leading provider of diversified building products and services, from June 2017 until June 2018. Earlier in her career, Ms. Minnix held roles with increasing responsibility at ABM Industries, Shell Oil Company, and Sprint Corporation. Ms. Minnix began her career as a Corporate Associate at the law firm of K&L Gates LLP. Ms. Minnix holds a juris doctor and an MBA from the University of Tulsa, and a bachelor’s degree in Marketing from St. Louis University.
Member of the Nominating, Governance, and Sustainability Committee
Member of the Audit and Finance Committee
David Reed
Director since 2022
David Reed
Director since 2022
David W. Reed served as the Chief Executive Officer of Vendanta Resources Ltd.’s semiconductor group from February 2023 to his retirement in March 2024. Prior to that, Mr. Reed retired from NXP Semiconductors N.V. (Nasdaq: NXPI), where he principally served as Executive Vice President – Operations. NXP is a world leader in secure connectivity solutions, and Mr. Reed was responsible for NXP’s internal and external manufacturing operations, supply chain, information technology, total quality, and procurement. Mr. Reed joined NXP in 2015, having served as General Manager at Freescale Semiconductor, Ltd. until its merger with NXP. Mr. Reed has 37 years of extensive international experience with global execution of water fab, assembly/test, packaging, R&D, foundries, and joint ventures for analog, automotive, logic, and wireless customers. Mr. Reed joined Freescale Semiconductor in 2012 as Senior Vice President, Manufacturing Operations. Previously, Mr. Reed was Vice President and General Manager at GLOBALFOUNDRIES and began his career at Texas Instruments in 1984, where he held multiple overseas and leadership assignments. Mr. Reed has served on several private boards, including SSMC Foundry, a joint venture between NXP and TSMC, as its chairman. Mr. Reed received an undergraduate degree from Austin College, an undergraduate degree in Chemical Engineering from Texas A&M University, and an MBA from the University of Dallas.
Member of the Audit and Finance Committee
John A. Roush
Director since 2016
John A. Roush
Director since 2016
John A. Roush currently serves as Chief Executive Officer and a member of the board of directors Pine Environmental, LLC, a provider of test equipment solutions for the environmental and non-destructive test markets. Prior to joining Pine Environmental in May 2024, Mr. Roush was an Operating Executive Advisor to ACON Investments, LLC, a private equity firm, from January 2018 to May 2024, where he also served on the boards of several portfolio companies. Mr. Roush also serves as a director and member of the audit and compensation committees of Lemaitre Vascular, Inc. (Nasdaq: LMAT), a global provider of medical devices and implants for the treatment of peripheral vascular disease, and as a director of Targan, Inc. (formerly Applied Life Sciences & Systems), a privately held company that is developing automated vaccine delivery technology for the poultry industry. Mr. Roush previously served as Chief Financial Officer and Chairman of ACON S2 Acquisition Corp., a special purpose acquisition company (now ESS Tech, Inc., NYSE: GWH) from September 2020 to October 2021. He also previously served as Chief Executive Officer and a director of Novanta Inc. (Nasdaq: NOVT, formerly GSI Group Inc.), a leading global supplier of precision photonic components and subsystems to original equipment manufacturers in the medical and industrial technology markets, from December 2010 to September 2016. Mr. Roush joined Novanta after a twelve-year career with PerkinElmer, Inc., a provider of technology and services to the diagnostics, research, environmental, safety and security, industrial, and laboratory services markets, where he was a corporate officer and served in several leadership positions. Prior to joining PerkinElmer, Mr. Roush held management positions with Outboard Marine Corporation, AlliedSignal, Inc., (now Honeywell International), McKinsey & Company Inc., and General Electric Company (NYSE: GE).
Member of the Compensation Committee
Member of the Nominating, Governance, and Sustainability Committee
Brian Shirley
Director since 2022
Brian Shirley
Director since 2022
Brian M. Shirley retired from Micron Technology, Inc. (Nasdaq: MU), a global corporation that produces various forms of semiconductor devices, as Senior Vice President DRAM and Emerging Memory Engineering in December 2019. He joined Micron as a Product Engineer in 1988, and held positions of increasing responsibility across product design, engineering, and business unit management. Mr. Shirley is listed as an inventor on 82 U.S. patents and helped drive Micron’s expansion into specialized memory for servers, mobile and networking solutions, in addition to maintaining a focus on cost leadership and power reduction. After retirement from Micron, Mr. Shirley consults for various U.S. government departments through CTC Aero, LLC, a consulting firm, advising on the semiconductor geopolitical landscape, supply chain resilience, and national security. He also serves on the Board of Regents of the Potomac Institute and as an executive advisor to multiple early-stage companies. Mr. Shirley holds a Bachelor of Science degree in electrical engineering from Stanford University.
Member of the Audit and Finance Committee