Business
IQE plc: Board Appointments
IQE plc: Board Appointments.
About this update from Iqe Plc
[{"type":"text","content":"\n\nIQE plc\n \n \nCardiff, UK\n29 November 2023\n \n \nIQE Board appointments\n \nBami Bastani and Maria Marced join IQE\n \nIQE 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.\nBami 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.\nMaria 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.\nSir 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.\nAmerico Lemos, CEO of IQE, commented:\n \n\"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.\"\n \nPhil Smith, Chairman of IQE, commented:\n \n\"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 als...