PITTSBURGH, March 12, 2014 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq:IIVI) announced today that Ms. Mary Jane Raymond has been appointed Chief Financial Officer of the Company effective March 20, 2014.<br /><br />Ms. Raymond holds a BA degree in Public Management from St. Joseph's University, an MBA from Stanford University and, in 1983 earned her Certified Management Accountant designation. She has over 25 years of experience as a finance professional in several publicly traded companies. Recently, she was the Chief Financial Officer of the publically traded company Hudson Global, Inc. and, prior to this, she was the Chief Risk Officer and Vice President and Corporate Controller at Dun and Bradstreet, Inc. Additionally, she was the Vice President, Merger Integration at Lucent Technologies, Inc. and held several management assignments at Cummins Engine Company.<br /><br />"Ms. Raymond is well prepared to take over the financial leadership of our Company," said Francis J. Kramer, President and Chief Executive Officer of II-VI Incorporated. "Mary Jane has gained a diverse set of financial and managerial experiences from several organizations that have strong reputations. I welcome her to our Company and our leadership team."<br /><br />Ms. Raymond will replace Craig A. Creaturo whose resignation was previously announced on November 6, 2013. Mr. Creaturo will remain with the Company through April 4, 2014 and will continue as an Advisor through August 2014 to ensure a smooth transition. Mr. Kramer stated, "Over the past 15 years Craig has provided the strong financial environment that we will build on going forward. II-VI wishes Craig the best in his future endeavors. I thank Craig for having been an important part of our leadership team."