Effective February 18, 2022, Felix Stukalin, Senior Vice President, North America Operations, was promoted to Chief Operating Officer of IPG Photonics Corporation (the 'Company'). Mr. Stukalin served as the Company's Senior Vice President, North America Operations, from February 2013 to February 2022. From March 2009 until February 2013, he served as the Company's Vice President, Devices.

Prior to joining the Company, he was Vice President, Business Development of GSI Group Inc. from April 2002 to September 2008, and from March 2000 to April 2002 he was Vice President of Components and President of the Wave Precision divisions of GSI Lumonics. Mr. Stukalin holds a B.S. in Mechanical Engineering from the University of Rochester and is a graduate of the Harvard Business School General Management Program.