SOITEC : Changes to Soitec's governance organization
(Thomson Reuters ONE) -
Changes to Soitec's governance organization
Dissociation of the duties of the Chairman of the Board of Directors
and those of the Chief Executive Officer
* Victoire de Margerie has been elected as Chairman of the Board of Directors
* Paul Boudre remains in charge of executive management of the Company as
Chief Executive Officer
Bernin (Grenoble), France, July 27, 2017 - The Board of Directors of Soitec
(Euronext Paris), a world leader in designing and manufacturing revolutionary
semiconductor materials, today announces that the duties of the Chairman of the
Board of Directors have been split from those of the Chief Executive Officer, as
of its meeting on July 26, 2017, in line with the decision on May 2, 2017.
Victoire de Margerie has been elected as Chairman of Soitec's Board of
Directors. Paul Boudre, who has held the positions of both Chairman and Chief
Executive Officer since September 2015 to turn around the Company', remains in
charge of executive management of the Company as Chief Executive Officer. Soitec
is thus adopting a new governance organization in line with best
practice.
The Board of Directors is delighted to welcome Victoire de Margerie as an
independent director to act as Chairman and lead its works. Victoire de
Margerie, a well-known industry leader, will provide the experience she has
gained as a director of various high-profile groups.
Paul Boudre remains entirely focused on developing the business and running
operations to capture the electronics markets growth and keep the momentum of
Soitec's restored profitability going.
The Board of Directors wishes to congratulate Paul Boudre for the governance
improvements made over the past two years of transition under his leadership.
The Board's decision to elect Victoire de Margerie as Chairman was subject her
prior appointment as a director. Such appointment has been approved by the
Shareholders during their General Meeting held on July 26, 2017.
Victoire de Margerie replaces Joseph Martin as a director, who was not seeking
reappointment after his term of office ended at the close of the Shareholders'
Meeting held on July 26, 2017. During its meeting on the same day, the Board of
Directors sincerely thanked Joseph Martin for his contribution to the Board's
activities during his 13-year term of office.
Victoire de Margerie's appointment increases the number of women on Soitec's
Board of Directors to 6 out of a total of 13 directors, representing a 46.15%
proportion.
Career bio of Victoire de Margerie
Victoire de Margerie is a well-known industry leader. She has held various
executive positions in France, Germany and the United States in the materials
industry (Atochem, now ArkEma from 1987 to 1995, Carnaud MetalBox, now Crown
Cork & Seal from 1995 to 1997, and Pechiney, now Rio Tinto Alcan, from 1998 to
2003). From 2003 to 2011, she was Professor of Strategy at Grenoble School of
Management.
Victoire chairs Rondol Industrie since 2012 and is also its main shareholder.
Since 2015, she is Vice Chairman of the World Materials Forum that brings
together, once a year in Nancy, Chairmen, Chief Executive Officers and key
opinion leaders of the global materials industry all along the value chain from
mining to key applications and their end of life recycling. She is also
currently a member of the Supervisory Board of Eurazeo (since 2012) and a
director of ArkEma (also since 2012) and of British engineering group Babcock
International (since 2016).
Victoire is a graduate of the HEC Paris business school (1983) and of Paris
Institute for Political Studies (IEP) (1986). She also holds a PhD in Management
Science from Université de Paris II, Panthéon Assas (2007).
About Soitec
Soitec (Euronext, Tech 40 Paris) is a world leader in designing and
manufacturing innovative semiconductor materials. The company uses its unique
technologies and semiconductor expertise to serve the electronics markets. With
more than 3,000 patents worldwide, Soitec's strategy is based on disruptive
innovation to answer its customers' needs for high performance, energy
efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D
centers and offices in Europe, the U.S. and Asia.
Soitec and Smart Cut are registered trademarks of Soitec.
For more information, please visit www.soitec.com and follow us on Twitter:
(at)Soitec_EN
Investor Relations: Media Contact:
Steve Babureck Camille Dufour
+33 (0)6 16 38 56 27 +33 (0)6 79 49 51 43
+1 858 519 6230 camille.dufour(at)soitec.com
steve.babureck(at)soitec.com
Isabelle Laurent
+33 (0)1 53 32 61 51
isabelle.laurent(at)ddbfinancial.fr
Fabrice Baron
+33 (0)1 53 32 61 27
fabrice.baron(at)ddbfinancial.fr
# # #
Download the press release:
http://hugin.info/143589/R/2123499/809952.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SOITEC via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.07.2017 - 08:35 Uhr
Sprache: Deutsch
News-ID 554135
Anzahl Zeichen: 6379
contact information:
Town:
CROLLES CEDEX
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SOITEC : Changes to Soitec's governance organization"
steht unter der journalistisch-redaktionellen Verantwortung von
SOITEC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
