IQE PLC IQE plc: Board Appointments (9299U)
November 29 2023 - 1:00AM
UK Regulatory
TIDMIQE
RNS Number : 9299U
IQE PLC
29 November 2023
IQE plc
Cardiff, UK
29 November 2023
IQE Board appointments
Bami Bastani and Maria Marced join IQE
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading supplier
of compound semiconductor wafer products and advanced material
solutions to the global semiconductor industry , is pleased to
announce the appointment of Bamdad (" Bami") Bastani and Maria
Marced, two veteran semiconductor industry leaders, to IQE's Board
of Directors as independent Non-Executive Directors. Their
appointments will be effective from 1 January 2024, at which time
Sir Derek Jones KCB will step down from the Board.
Bami Bastani joins with a wealth of experience in the
semiconductor industry, having spent seven years at
GlobalFoundries, first as Senior VP and GM of the Mobile &
Wireless Infrastructure Business Unit and then Senior VP and Senior
Advisor to the CEO. Bami also spent seven years as a board member
of the Global Semiconductor Alliance (GSA) and has held President
and CEO roles at Meru Networks, Trident Microsystems and
ANADIGICS.
Maria Marced is currently the President of Taiwan Semiconductor
Manufacturing Company ("TSMC") Europe, a role she has held for over
16 years. Prior to that, Maria held Senior Vice President roles at
NXP Semiconductors and spent 19 years as Vice President and EMEA
General Manager at Intel Corp.
Sir Derek Jones KCB will step down as a Non-Executive Director
on 1 January 2024, having joined the IQE Board in December 2017.
Sir Derek has been an integral part of IQE's Board during his
time.
Americo Lemos, CEO of IQE, commented:
"We are delighted to welcome both Bami and Maria to the Board of
IQE. Together they bring decades of combined expertise in the
global semiconductor industry. Their deep understanding of
manufacturing excellence, technology leadership, and customer
centricity, coupled with their strategic management of business
operations, will be instrumental in our continued growth and
success ."
Phil Smith, Chairman of IQE, commented:
"We would like to thank Sir Derek for his six years of service
to IQE and wish him all the best for the future. His advisory
oversight, operational perspective and financial understanding have
been hugely valuable to the company throughout his tenure, and he
will be missed. We're also very pleased to welcome Bami and Maria
who will no doubt complement the diversity of expertise and
experience on the IQE Board."
INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G)
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
Full name: Dr. Bamdad ("Bami") Bastani
Age: 70
Shares held in the Company: Beneficial ownership of 171,000
ordinary shares of 1p each
in the Company, representing
c. 0.02% of the issued share
capital in the Company
Current directorships: B2 Global Consulting, LLC
Historic directorships and
partnerships in previous 5 Global Semiconductor Alliance
years: Aquantia Corp
Full name: Dr. Maria Angeles Marced Martin
Age: 69
Shares held in the Company: None
Current directorships:
Taiwan Semiconductor Manufacturing
Company Europe ("TSMC Europe")
B.V.
Sequans Comnunications S.A.
CEVA DSP
Historic directorships and
partnerships in previous 5 None
years:
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
James Smith
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
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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END
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