IQE.L

IQE Plc
IQE PLC - IQE plc: Appointment of NED and Chair-elect
8th October 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 2560H
IQE PLC
08 October 2024
 

IQE plc

 

Cardiff, UK

8 October 2024

 

 

Appointment of Non-executive Director and Chair-elect

 

 

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, is pleased to announce the appointment of Mark Cubitt to IQE's Board of Directors as an independent Non-executive Director and Chair-elect. Mark will join the Board as a Non-executive Director with immediate effect and is expected to take over as Chair in H1 2025 following a period of transition with the current Chair, Phil Smith. Phil will step down from the Board upon Mark assuming the chairmanship having served on the Board nearly nine years, including five years as Chair.

Mark has significant experience serving in senior Non-executive and Chair roles across AIM-listed technology businesses. He is currently Non-executive Chairman of Concurrent Technologies plc, a manufacturer of embedded processor solutions, and Beeks Financial Cloud Group plc, a provider of cloud computing services for capital markets infrastructure.  Mark has also held a range of senior financial roles within the technology manufacturing sector, including over seven years as CFO of Wolfson Microelectronics plc, a global leader in the supply of semiconductor chips for the digital consumer market.

Phil Smith, Chairman of IQE, commented:

"I am delighted to welcome Mark to the Board of IQE. Mark brings a wealth of expertise to the Company, with a deep knowledge of the technology sector and significant Board-level experience working with AIM-listed businesses. I look forward to working with Mark and I am confident that IQE will be in good hands when he assumes the role as Chair."

 

 

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

Full name:

Mark Cubitt

Age:

61

Shares held in the Company:

Nil

Current directorships:

Lenimore Limited

Concurrent Technologies

Beeks Financial Cloud Group Plc

Historic directorships and partnerships in previous 5 years:

 

Sonos Scotland Limited

Contacts:

 

IQE plc

+44 (0) 29 2083 9400

Americo Lemos

Jutta Meier

Amy Barlow

           

Peel Hunt (Nomad and Joint Broker)

+44 (0) 20 7418 8900

Ben Cryer

Kate Bannatyne

Adam Telling

           

Deutsche 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 manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAMRBRTMTTMBRI]]>
TwitterFacebookLinkedIn