Endicott Interconnect Announces Leadership Change

Endicott Interconnect Technologies has announced the departure of its original president and chief executive officer.

According to a statement released Tuesday, James McNamara Jr. retired as of April 12. McNamara had overseen EIT since its creation in late 2002 in a state-financed deal when IBM sold off its microelectronics unit.

Endicott Interconnect Technologies employed about 2,000 people at its inception in November 2002. But the size of the workforce has decreased over the past decade after a series of layoffs.

The company has not indicated how many people it now employs at the Endicott site.

According to the EIT statement, McNamara will be succeeded by Jim Matthews Jr.