Board Appointments
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IQE Board appointments
Bami Bastani and Maria Marced join 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 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.
Bami 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.
Maria 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.
Sir 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.
Americo Lemos, CEO of IQE, commented:
"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."
Phil Smith, Chairman of IQE, commented:
"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 also very pleased to welcome Bami and Maria who will no doubt complement the diversity of expertise and experience on the IQE Board."
| Full name: | Dr. Bamdad ("Bami") Bastani |
| Age: | 70 |
| Shares held in the Company: | Beneficial ownership of 171,000 ordinary shares of 1p each in the Company, representing c. 0.02% of the issued share capital in the Company |
| Current directorships: | B2 Global Consulting, LLC |
| Historic directorships and partnerships in previous 5 years: | Global Semiconductor Alliance Aquantia Corp |
| Full name: | Dr. Maria Angeles Marced Martin |
| Age: | 69 |
| Shares held in the Company: | None |
| Current directorships: | Taiwan Semiconductor Manufacturing Company Europe ("TSMC Europe") B.V. Sequans Comnunications S.A. CEVA DSP |
| Historic directorships and partnerships in previous 5 years: | None |
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