IQE PLC Iqe Plc : Appointment Of Non-Executive Director
November 30 2017 - 1:00AM
UK Regulatory
TIDMIQE
Cardiff, UK. 30(th) November 2017: IQE plc (AIM: IQE, "IQE" or the
"Group"), the leading global supplier of advanced wafer products and
wafer services to the semiconductor industry, is pleased to announce
that it has appointed Sir Derek Jones KCB as a non-executive director of
the Company on 29(th) November 2017.
Until February 2017, Sir Derek Jones KCB (aged 64) was the Permanent
Secretary of the Welsh Government (the devolved government of Wales,
responsible for a wide range of policy and operations including economic
development, trade, investment, transport, education, science, health,
social care, local government, energy and the environment). As
Permanent Secretary he led an organisation with an annual budget of some
GBP15 billion; and a staff of 5,000 located in Wales, London, Brussels,
the USA, Middle East and Far East. He was also a member of the UK Civil
Service Board and its Senior Leadership Committee.
Sir Derek spent the earlier part of his government career in Whitehall,
working at HM Treasury and the then Department for Trade & Industry,
where he headed the Far East Trade Desk. In government in Wales he has
also served as Director of Finance and Director of Economic Affairs,
during which time he was instrumental in securing major inward
investment projects, particularly from Japan and the USA.
Outside government, Sir Derek was Director of Business & Strategic
Partnerships at Cardiff University, responsible for securing long-term
collaborations with the private sector. Cardiff University is a member
of the Russell Group of universities. It was rated fifth in the UK in
the most recent Research Excellence Framework for the quality of its
research and second for the impact of research. It is also ranked
within the top 100 universities in the world and teaches over 30,000
students across all disciplines. Sir Derek is an Honorary Professor and
Fellow of the University.
Sir Derek is currently the Chair of the Prince's Trust in Wales and is a
Vice President of Cardiff Business Club. He was made Companion of the
Order of the Bath (CB) in 2009 and subsequently Knight Commander (KCB)
in 2014, for services to economic and social conditions.
Dr Godfrey Ainsworth, Chairman of IQE said:
"I am delighted that Sir Derek has agreed to join IQE's Board. His
wealth of experience in leadership and governance, and his achievements
supporting regional, national and international trade are great
attributes which will enhance IQE's ambitious growth plans."
Sir David Grant, Chairman of the Nomination and Remuneration Committees,
said:
"Sir Derek's accomplishments as a leader within government are well
known and I also know that his skills in the fields of higher education
and innovation fit very well with IQE as a high technology company that
employs and will continue to employ the most talented people at every
level of the organisation."
Due to his work in government, Sir Derek does not hold any other current
directorships and has not held any past directorships within the last
five years. Sir Derek does not hold any shares in the capital of the
Company.
Save as disclosed above, there are no further disclosures required to be
made in respect of the appointment under Schedule 2(g) or Rule 17 of the
AIM Rules for Companies.
CONTACTS
IQE plc +44 (0) 29 2083 9400
Drew Nelson
Phil Rasmussen
Chris Meadows
Canaccord Genuity + 44 (0) 20 7523 8000
Simon Bridges
Henry Fitzgerald O'Connor
Richard Andrews
Peel Hunt +44 (0) 20 7418 8900
Edward Knight
Nick Prowting
About IQE:
IQE is a leading global supplier of advanced semiconductor wafers with
products that cover a diverse range of applications. The Group's
outsourced foundry services provides a 'one stop shop' for the wafer
needs of the world's leading semiconductor manufacturers.
IQE uses advanced epitaxial growth technology platforms to manufacture
and supply advanced semiconductor 'epi-wafers' to the major chip
manufacturing companies, who then use these wafers to make the chips
which form the key components of virtually all high technology systems.
IQE's products are found in many consumer, communication, computing,
mobility and industrial applications. IQE's epi-wafers enable a wide
range of wireless/RF, photonics, infrared, power, solar, advanced
electronics and sensor technologies.
IQE operates multiple manufacturing and R&D facilities across Europe,
Asia and the USA.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: IQE plc via Globenewswire
http://www.iqep.com
(END) Dow Jones Newswires
November 30, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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