REG - IQE PLC - IQE plc: Chief Financial Officer appointment

IqeAnnouncement

16/01/2024 07:16

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RNS Number : 7500Z  IQE PLC  16 January 2024

IQE plc

 

 

Cardiff, UK

16 January 2024

 

 

Appointment of Jutta Meier as Chief Financial Officer

 

 

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 Jutta Meier to the Board as Chief
Financial Officer effective from 22 January 2024.

Jutta is an experienced finance executive who has held senior positions at
global semiconductor companies for over 25 years. She joins IQE from Intel
Corporation, where she served as a Senior Finance Director at Intel Foundry
Services, supporting Intel's Foundry business transformation. Prior to joining
Intel, Jutta served as Vice President of Finance at GlobalFoundries Inc, a
global leader in semiconductor manufacturing and she also held various
positions at Advanced Micro Devices Inc. (AMD), a multinational semiconductor
company.

The decision to appoint Jutta follows an extensive global search process led
by the Board and CEO. The Board would like to thank Neil Rummings for assuming
the role of interim CFO during the search process.

Americo Lemos, Chief Executive Officer of IQE, commented:

"I am delighted to welcome Jutta as IQE's CFO. Her skills and experience
gained within global semiconductor manufacturing will be an important asset to
IQE, enabling her to drive value creation and improve margins and
profitability. Jutta's contributions will be vital to driving IQE's growth and
the continued implementation of our strategic plan."

Jutta Meier, Chief Financial Officer of IQE, commented:

"I am thrilled to be joining IQE as Chief Financial Officer. IQE is at the
forefront of the global compound semiconductor industry and I am very excited
by the market opportunities and the growth potential of the business. I look
forward to working with Americo and the team to deliver our ambitious goals."

 

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

 Full name:                                                    Jutta Meier
 Previous names:

                                                               Jutta Fritsch

                                                               Jutta Fritsch-Rodgers
 Age:                                                          57
 Shares held in the Company:                                   Ms Meier currently holds no shares in IQE. She will receive a grant of share
                                                               options with a value of £200,000 as part of a New Starter Award ("the
                                                               Award"). The number of shares subject to the option is to be calculated based
                                                               on the Company's volume weighted average share price on the three trading days
                                                               preceding 22 January 2024. The Award will vest in two equal tranches over two
                                                               years (50% in year one and 50% in year two).
 Current directorships:                                        None
 Historic directorships and partnerships in previous 5 years:

                                                               None

 

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Neil Rummings

Amy Barlow

 

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Paul Gillam

Richard Chambers

Kate Bannatyne

 

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 eight manufacturing
locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in
London.

 

 

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