REG - IQE PLC - IQE plc: Appointment of NED and Chair-elect

IqeAnnouncement

08/10/2024 07:00

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RNS Number : 2560H  IQE PLC  08 October 2024

IQE plc

 

Cardiff, UK

8 October 2024

 

 

Appointment of Non-executive Director and Chair-elect

 

 

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier of
compound semiconductor wafer products and advanced material solutions, is
pleased to announce the appointment of Mark Cubitt to IQE's Board of Directors
as an independent Non-executive Director and Chair-elect. Mark will join the
Board as a Non-executive Director with immediate effect and is expected to
take over as Chair in H1 2025 following a period of transition with the
current Chair, Phil Smith. Phil will step down from the Board upon Mark
assuming the chairmanship having served on the Board nearly nine years,
including five years as Chair.

Mark has significant experience serving in senior Non-executive and Chair
roles across AIM-listed technology businesses. He is currently Non-executive
Chairman of Concurrent Technologies plc, a manufacturer of embedded processor
solutions, and Beeks Financial Cloud Group plc, a provider of cloud computing
services for capital markets infrastructure.  Mark has also held a range of
senior financial roles within the technology manufacturing sector, including
over seven years as CFO of Wolfson Microelectronics plc, a global leader in
the supply of semiconductor chips for the digital consumer market.

Phil Smith, Chairman of IQE, commented:

"I am delighted to welcome Mark to the Board of IQE. Mark brings a wealth of
expertise to the Company, with a deep knowledge of the technology sector and
significant Board-level experience working with AIM-listed businesses. I look
forward to working with Mark and I am confident that IQE will be in good hands
when he assumes the role as Chair."

 

 

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM
RULES FOR COMPANIES ("AIM RULES")

 Full name:                                                    Mark Cubitt
 Age:                                                          61
 Shares held in the Company:                                   Nil
 Current directorships:                                        Lenimore Limited

                                                               Concurrent Technologies

                                                               Beeks Financial Cloud Group Plc
 Historic directorships and partnerships in previous 5 years:

                                                               Sonos Scotland Limited

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Jutta Meier

Amy Barlow

 

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Ben Cryer

Kate Bannatyne

Adam Telling

 

Deutsche Numis (Joint Broker)

+44 (0) 20 7260 1000

Simon Willis

Hugo Rubinstein

Iqra Amin

 

Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822

Andy Rivett-Carnac: +44 (0) 7968 997 365

Chloe Francklin: +44 (0)78 3497 4624

 

ABOUT IQE

http://iqep.com
(https://www.globenewswire.com/Tracker?data=yZf7NKp1JKLALUCxlBuC8wkLnLAqoe5-kjjIlkMIDci9q9W0x_02bwZV-eorSbpLXZxy4zi3xHh-O4FM8nWjeg==)

 

 

IQE is the leading global supplier of advanced compound semiconductor wafers
and materials solutions that enable a diverse range of applications across:

 

·    Smart Connected Devices

·    Communications Infrastructure

·    Automotive and Industrial

·    Aerospace and Security

 

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in
this market which has high barriers to entry. IQE supplies the global market
and is enabling customers to innovate at chip and OEM level. By leveraging the
Group's intellectual property portfolio including know-how and patents, it
produces epitaxy wafers of superior quality, yield and unit economics.

IQE is headquartered in Cardiff UK, with employees across manufacturing
locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in
London.

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