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GSI Group Inc. Announces John Roush to Become Chief Executive Officer
Date:11/17/2010

BEDFORD, Mass., Nov. 17, 2010 /PRNewswire-FirstCall/ -- GSI Group Inc. (Pink Sheets: LASR) (the "Company" or "GSI") today announced that John Roush agreed to join GSI as its next Chief Executive Officer. Mr. Roush, 45, joins GSI after a successful 12-year career with PerkinElmer, Inc., where he was a corporate officer and served in several senior leadership positions, most recently as president of PerkinElmer's Environmental Health business. After a brief transition period, during which he will serve in an advisory capacity, Mr. Roush will become GSI's Chief Executive Officer by early 2011, succeeding Michael E. Katzenstein, who has served as the Company's interim principal executive officer since May 2010. The move successfully completes the strategic initiative announced on September 9, 2010 to recruit a permanent Chief Executive Officer for the Company.

"We are extremely pleased to have attracted an executive of John's caliber and experience to lead GSI's development and chart its growth strategy for the future," said Stephen W. Bershad, GSI's Chairman of the Board. "John is uniquely suited to lead our company and to extend GSI's worldwide market and product expansion. We are excited about the future and look forward to John's contributions in shaping our business," added Bershad.  

"I am excited for this opportunity to join the GSI team and to lead the organization as it scales its operations to address new market opportunities," said Mr. Roush. "The company's strong proprietary technology base, established industry partners and customers and large target markets provide a solid foundation from which to build a highly valuable, industry leading company."

Since 2009, Mr. Roush has been serving as president of PerkinElmer's Environmental Health business, accounting for approximately $1.1 billion of PerkinElmer's annual revenues. From
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SOURCE GSI Group Inc.
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