CARDIFF, UK - IQE plc (AIM: IQE), a prominent supplier of compound semiconductor wafers, has announced the upcoming departure of Phil Smith from its Board of Directors, effective January 1, 2025. Smith, who has been a part of the IQE board for nearly nine years and served as Chair for five, will be stepping down following a transition period that began with the appointment of Mark Cubitt as Executive Chairman in October 2024.
Cubitt expressed his gratitude for Smith's contributions, particularly during his tenure as Executive Chair, and offered best wishes on behalf of the entire Board for Smith's future endeavors.
IQE, headquartered in Cardiff, operates on a global scale, with manufacturing facilities in the UK, US, and Taiwan. The company is recognized for its advanced material solutions and plays a key role in various sectors, including smart connected devices, communications infrastructure, and aerospace and security. The announcement of Smith's departure is based on a press release statement issued by the company.
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