Business
IQE plc: Chief Financial Officer departure
IQE plc: Chief Financial Officer departure.
About this update from Iqe Plc
[{"type":"text","content":"\n\nIQE plc\n \nCardiff, UK\n7 June 2023\n \n \nIQE announces Chief Financial Officer departure\n \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, today announces that Tim Pullen, Chief Financial Officer, has stepped down from his role in the Group with effect from 6 June 2023.\nNeil Rummings, who joined the Group in April 2017, will assume the role as acting CFO with immediate effect while IQE commences a search for a permanent CFO.\nAmerico Lemos, Chief Executive Officer of IQE, commented:\n\"I want to thank Tim for his many contributions to IQE. He has been a strong CFO and partner and has created the financial foundation to enable our next phase of growth.\"\n \nContacts:\n \nIQE plc\n+44 (0) 29 2083 9400\nAmerico Lemos\nNeil Rummings\nAmy Barlow\n \nPeel Hunt (Nomad and Joint Broker)\n+44 (0) 20 7418 8900\nPaul Gillam\nRichard Chambers\nJames Smith\n \nNumis (Joint Broker)\n+44 (0) 20 7260 1000\nSimon Willis\nHugo Rubinstein\nIqra Amin\n \nHeadland Consultancy (Financial PR) + 44 (0) 20 38054822\nAndy Rivett-Carnac: +44 (0) 7968 997 365\nChloe Francklin: +44 (0)78 3497 4624\n \nABOUT IQE\nhttp://iqep.com\n \n \nIQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:\n \n· Smart Connected Devices\n· Communications Infrastructure\n· Automotive and Industrial\n· Aerospace and Security\n \nAs 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.\n\nIQE 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.\n&...