IQE plc: Leadership Announcement - Americo Lemos appointed as CEO of IQE
22 Noviembre 2021 - 01:00AM
IQE plc: Leadership Announcement - Americo Lemos appointed as CEO
of IQE
IQE plc
Cardiff, UK22 November 2021
Leadership
AnnouncementAmerico Lemos
appointed as CEO of 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 Americo Lemos as Chief
Executive Officer (“CEO”), starting on 10 January 2022.
The Board's decision to appoint Mr Lemos follows
an extensive and rigorous search process led by Phil Smith, interim
Executive Chairman of IQE. With over two decades of managerial
experience working with multi-national tech companies, Americo has
the skills necessary to lead IQE into the next phase of its
evolution, further capitalising on the Group’s position as the
scaled global epitaxy leader.
Americo joins IQE from the executive team at
GlobalFoundries Inc. (“GF”), a New York headquartered semiconductor
designer and manufacturer. As GF’s Senior Vice President of
Business Development for Asia Pacific and China Country President,
Americo has been responsible for driving the business’s efficiency
and growth in these critical markets. Prior to this, he held
executive positions at globally-renowned technology companies
including Qualcomm and Intel, having also worked at Flextronics,
Texas Instruments and Skyworks, amongst others.
Phil Smith,
Executive Chairman of IQE,
commented:
“The depth and breadth of Americo’s industry
expertise make him the natural choice to take the business forward
in its next stage of growth. His appointment will enable us to
build on our solid global industry foundations and market-leading
positions, and take advantage of key structural drivers and
opportunities arising with the proliferation of 5G and the Internet
of Things.
Americo is the ideal leader to take over from
IQE’s founder Dr Drew Nelson, who I would like to thank for his
years of passion and dedication to building the company to its
current global leadership position.”
Americo Lemos,
incoming CEO of IQE,
commented:
“I am hugely excited to be joining IQE, a
business at the forefront of the UK’s high-tech manufacturing
sector and one which I have long admired. I look forward to working
with my new colleagues to ensure the business’s continued success
and growth, and achieving our vision of being the best advanced
semiconductor materials solutions company in the world.”
Additional information
The following information is disclosed pursuant
to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for
Companies.
Americo Lemos, aged 54, has been a director or
partner of the following companies or partnerships during the five
years preceding the date of this announcement:
Current Directorships / Partnerships |
Past Directorships / Partnerships |
Global Synergy Inc |
N/A |
Mr Lemos currently holds no shares in IQE. Mr
Lemos will receive a share issuance as part of a New Starter Award
in accordance with the table below:
Date |
Award |
Details |
10 January 2022 |
£200,000 share issue |
Number of shares to be calculated based on the average volume
weighted IQE plc share price on the three trading days preceding 10
January 2022. These shares are subject to a three-year clawback
provision. Further details shall be announced at the time of
issue. |
There is no further information required to be
disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM
Rules for Companies.
As previously announced, Dr Drew Nelson, founder
and CEO of IQE until September 2021, will retain an advisory and
ambassadorial role for the business as a Non-Executive Director on
the Board, with the title of President.
Contacts:
IQE plc+44 (0) 29 2083 9400Phil SmithTim
PullenAmy
Barlow Peel
Hunt LLP (Nomad and Joint Broker)+44 (0) 20 7418
8900Edward KnightPaul GillamJames
Smith Citigroup
Global Markets Limited (Joint Broker)+44 (0) 20 7986
4000Christopher WrenPeter
Catterall
Headland Consultancy (Financial PR) + 44
(0) 20 38054822Andy Rivett-Carnac: +44 (0) 7968 997 365Chloe
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:
- 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.
IQE is headquartered in Cardiff UK, with c. 670
employees across nine manufacturing locations in the UK, US, Taiwan
and Singapore, and is listed on the AIM Stock Exchange in
London.
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