IQE Iqe Plc

 
TIDMIQE 
 
 
   Cardiff, UK. 22nd July 2019: IQE plc (AIM: IQE; "IQE" or the "Group"), 
the leading global supplier of advanced wafer products and materials 
solutions to the semiconductor industry, announces the planned 
retirement of Dr Howard Williams, Chief Operating Officer (COO) and the 
establishment of an Executive Management Board, as part of the 
continuing development of the Group's organisational structure. 
 
   Dr Williams was a founding member of EPI in 1988 (which became IQE in 
1999) and was appointed to the Board of IQE, as COO, in 2004. As part of 
his retirement plan, he will step down from the Board at the end of 
July. He will remain employed in a full-time capacity for the remainder 
of 2019. Thereafter, he will remain engaged with the Group on a part 
time basis as a consultant advisor. 
 
   As part of the continuing development of the Group and in order to 
maximise the opportunities ahead, an Executive Management Board (EMB) 
has been established, to work with the CEO and CFO. The EMB will 
initially comprise: 
 
   Dr Rodney Pelzel as Executive VP, Global Innovation (CTO) 
 
   Dr Pelzel joined IQE in 2000 as a Production Engineer and having held a 
variety of operational and technology roles, was appointed as VP of 
Technology in January 2015. 
 
   Keith Anderson as Executive VP, Global Operations (COO) 
 
   Mr Anderson has worked at IQE since August 2018 as VP of Global 
Operations, having joined the Group from Collins Aerospace (formerly B/E 
Aerospace). Mr Anderson will replace Dr Williams on the Boards of the 
Group's Taiwanese subsidiary and CSC Limited, IQE's joint venture with 
Cardiff University. 
 
   Dr Wayne Johnson as Executive VP, Global Business Development, Wireless 
and Emerging Products 
 
   Dr Johnson joined IQE in 2013 as part of the acquisition of Kopin where 
he was VP of Technology. He became the head of IQE's Wireless Business 
Unit in January 2017 and took on responsibility for Emerging Products 
Group in April 2019. 
 
   Dr Mark Furlong as Executive VP , Global Business Development, Photonics 
and InfraRed 
 
   Dr Furlong joined IQE in 2000 as Head of Sales for the Asia region and 
he is currently the leader of IQE's InfraRed Business Unit, which 
includes the substrate manufacturing activities. 
 
   Dr Drew Nelson, Chief Executive of IQE, said: 
 
   "Howard Williams was one of the founder members of IQE, and has been 
pivotal in the development of the business from start-up to becoming the 
global leader in Compound Semiconductor wafer production. 
 
   "His technical and project management skills have been outstanding, 
culminating in the design and build of our new Mega Foundry in Newport. 
Now that it is up and running in production, Howard has decided to 
execute his long-term retirement plan, stepping down from the Board at 
the end of the month, but maintaining a full time role for the next six 
months and thereafter providing support on a part time basis. 
 
   "He has built and mentored a very strong team, and executed a clear 
succession plan. On behalf of the IQE Board, I would like to thank him 
greatly for his massive contribution to the Group and wish him a long 
and happy retirement as he gradually reduces his day to day involvement. 
 
   "The establishment of an executive management board as part of the 
Group's ongoing organisational development will provide clear focus, 
energy and accountability in driving the many high growth opportunities 
which lie ahead for the Group, with the upcoming deployment of 5G and 
IoT, and all the associated advanced technologies which will both drive 
and result from such deployment." 
 
   CONTACTS: 
 
   IQE plc 
 
   +44 (0) 29 2083 9400 
 
   Tim Pullen 
 
   Drew Nelson 
 
   Chris Meadows 
 
 
 
   Peel Hunt LLP (Nomad and Joint Broker) 
 
   +44 (0) 20 7418 8900 
 
   Edward Knight 
 
   Nick Prowting 
 
 
 
   Citigroup Global Markets Limited (Joint Broker) 
 
   +44 (0) 20 7986 4000 
 
   Christopher Wren 
 
   Peter Catterall 
 
   ABOUT IQE 
 
   http://iqep.com 
 
   IQE is the leading global supplier of advanced semiconductor wafers that 
enable a diverse range of applications. IQE uses advanced crystal growth 
technology (epitaxy) to manufacture and supply bespoke semiconductor 
wafers 'epi-wafers' to the major chip manufacturing companies, who then 
use these wafers to make the chips. 
 
   IQE's products are found in many leading-edge consumer, communication, 
computing and industrial applications, including a complete range of 
wafer products for the wireless industry, such as smartphones and 
wireless infrastructure, Wi-Fi, base stations, and satellite 
communications; optical communications, optical storage, printing, 
thermal imagers, leading-edge medical technologies, automotive and 
aerospace technologies, a variety of advanced silicon based systems and 
high efficiency concentrator photovoltaic (CPV) solar cells. 
 
   IQE is headquartered in Cardiff UK and operates manufacturing and R&D 
facilities worldwide. 
 
 
 
 

(END) Dow Jones Newswires

July 22, 2019 02:00 ET (06:00 GMT)

Grafico Azioni Iqe (LSE:IQE)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Iqe (LSE:IQE)
Storico
Da Apr 2023 a Apr 2024