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:
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61
|
|
Shares held in the
Company:
|
Nil
|
|
Current directorships:
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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.