IQE plc: Leadership Announcement
(“IQE” or the “Group”)
IQE plc (AIM: IQE) the leading supplier of advanced wafer products and material solutions to the semiconductor industry, provides a leadership announcement alongside its trading update for the financial year ending
IQE today announces a new stage in the evolution of the company as Dr
This change will enable a new CEO to lead IQE during its next phase, as it positions itself to capitalise on both its strong market position and the growth opportunities presented by the advent of 5G and the Internet of Things.
Under his successful stewardship, IQE has become a global company at the forefront of the UK’s high-tech manufacturing sector, with 650 staff and a footprint spanning
“I have been extremely proud and privileged to serve IQE and its shareholders as CEO for the last 30 years. This now feels like the appropriate time to look for a new CEO to take over the leadership of the business and oversee the next exciting growth phase.
I look forward to remaining on the Board and working with the executive team as it leads IQE into an exciting future.”
“I want to thank Drew for his ongoing passion, commitment and contribution to IQE. Continuing as a board member once the new CEO is in place, he will be able to provide IQE with his expertise and industry knowledge and will remain with the company as a powerful ambassador and advisor. We look forward to working with him in this new capacity."
+44 (0) 29 2083 9400
Peel Hunt LLP (Nomad and Joint Broker)
+44 (0) 20 7418 8900
Citigroup Global Markets Limited (Joint Broker)
+44 (0) 20 7986 4000
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/ 2014. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of IQE by
IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:
- handset devices
- global telecoms infrastructure
- connected devices
- 3D Sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the whole market and is agnostic to the winners and losers 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.
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