Michael J. Luttati served as the CEO of Photronics, Inc. from June 2005 until July 2008. He joined the company with a strong background in business, having previously worked at Axcelis Technologies, where he climbed the ranks from Vice President...

Michael J. Luttati served as the CEO of Photronics, Inc. from June 2005 until July 2008. He joined the company with a strong background in business, having previously worked at Axcelis Technologies, where he climbed the ranks from Vice President to Executive Vice President and Chief Operating Officer. Luttati holds a master's degree in business administration, equipping him with the skills to navigate complex corporate challenges. During his time as CEO at Photronics, the company faced performance challenges, which affected his compensation; in 2008, he earned just over $1 million, primarily from his salary and stock vesting. Interestingly, Luttati also received a significant severance package upon his resignation, indicating that his departure was not entirely out of line with corporate norms. He was a key player in leading the company during a crucial period, and after resigning, he remained available as a consultant for six months to ensure a smooth transition for the new leadership. Luttati's career reflects a journey through critical roles in tech sectors, proving his adaptability and understanding of the industry's demands.