Directorate Change
Non-executive Director Phil Smith to step down from Board effective 1 January 2025.
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Board Change
IQE plc (AIM: IQE, "IQE" or the "Group"), the leading global supplier of compound semiconductor wafer products and advanced material solutions, today announces that Phil Smith, Non-executive Director, will step down from IQE's Board of Directors, effective from 1 January 2025.
As announced on the appointment of Mark Cubitt in October 2024, Phil Smith's intention was to step down from the Board following the completion of a suitable transition period.
Phil has served on the Board for nearly nine years, including five years as Chair.
Mark Cubitt, Executive Chairman of IQE, commented:
"I'd like to thank Phil for his significant contribution to IQE during his nine years on the Board, including during periods when he has stepped in as Executive Chair, and I have been grateful for his support during this transition period. On behalf of the whole Board, I wish him all the best for the future."
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