IQE PLC Iqe Plc : Phillip Rasmussen
03 April 2018 - 4:00PM
UK Regulatory
TIDMIQE
IQE plc
("IQE" or the "Company")
Phillip Rasmussen
It is with the deepest sadness that the Board of IQE plc (AIM: IQE)
announces that its long-serving Chief Financial Officer, Phillip J
Rasmussen BSc ACA, has died. His death follows a cycling incident that
took place on 1 April 2018 whilst on holiday abroad.
On behalf of the Board and all of Mr Rasmussen's IQE colleagues, IQE
President and Chief Executive Officer, Drew Nelson, commented:
"The news of Phil's death has shocked and distressed all of us at IQE.
The tragedy, of course, will be most deeply felt by Phil's family, who
we send our heartfelt condolences to at this terrible time. It is also a
tragedy for so many of us who considered Phil a friend as much as a
colleague.
Phil was a great colleague and an accomplished CFO. He made the role
his own, contributing so much over his ten years with us to IQE's
current strength; to the detailed and principled way we do things; to
the potential we see before us as a firm. It has been my great
privilege to work with Phil, to benefit from his good judgement and to
count him as a very close friend. We will do everything we possibly can
to preserve his legacy at IQE and continue with the shining example he
has set for all of us."
Dr Godfrey Ainsworth FCA, currently Non-Executive Chairman, will become
Executive Chairman providing support to the Chief Executive Officer, Dr
Drew Nelson, concentrating on investor and external relations. He will
also provide oversight support on an interim basis to the Finance Team
which is headed by Group Finance Director, Mr Neil Rummings ACA.
Contacts:
IQE plc
+44 (0) 29 2083 9400
Drew Nelson
Chris Meadows
Canaccord Genuity + 44
(0) 20 7523 8000
Simon Bridges
Henry Fitzgerald-O'Connor
Richard Andrews
Peel Hunt
+44 (0) 20 7418 8900
Edward Knight
Nick Prowting
FTI Consulting
+44 (0) 20 3727 1000
Matt Dixon
Rob Mindell
Harry Staight
Leah Dudley
ENDS
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: IQE plc via Globenewswire
http://www.iqep.com
(END) Dow Jones Newswires
April 03, 2018 02:00 ET (06:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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