IQE PLC Iqe Plc: Board Appointment
19 December 2016 - 6:00PM
UK Regulatory
TIDMIQE
Cardiff, 19 December 2016: IQE plc (AIM: IQE, "IQE" or the "Group"),
the leading manufacturer of advanced semiconductor wafer products for
the global semiconductor industry, announces the appointment of Phil
Smith as a Non-Executive Director of IQE, with immediate effect.
Phil Smith BSc, Hon LLD, DUniv. FIET, became Chairman of Cisco for the
UK and Ireland in August 2016, after eight years as Chief Executive.
Cisco is the leading global provider of networking for the internet. Mr
Smith is also the Chairman of Innovate UK and Chairman of the Tech
Partnership. Additionally, he sits on the Board of the National Centre
for Universities and Business (NCUB).
Mr Smith has a thirty- five year track record in the technology industry
in leading companies including Philips Electronics and IBM. As Chief
Executive and now Chairman of Cisco, he leads around 5,500 people in the
UK and Ireland. He created Cisco's British Innovation Gateway (BIG)
programme, as a legacy of London 2012 to spark nationwide ingenuity,
ambition and growth through technology entrepreneurship. He works
closely with government ministers, industrial leaders and business
leaders and is a vocal advocate on the transformational nature of
technology, sustainability, ambition, inclusion and diversity and the
critical need for STEM skills in our future generations.
In September 2014 he was awarded an Honorary Doctorate by Birmingham
City University, cited for his outstanding contribution to the IT
industry, a "leader among leaders". In March 2015 Mr Smith was awarded
an Honorary Degree of Doctor of Laws by the University of Warwick and in
2016 an Honorary Degree of Doctor of Science by his alma mater, Glasgow
University.
Phil Smith is also the founding member of 'The Leaderboard', a cross
industry team of around 30 UK CEOs who compete in Triathlon based events
and have raised more than GBP800,000 for Comic Relief. In 2014 he
represented Team GB in his age group at the Triathalon World
Championships in Edmonton, Canada.
Sir David Grant, Chairman of the Nominations and Remuneration Committees,
said:
"I am delighted that Phil has agreed to join IQE's Board. He has been
hugely successful leading businesses with technologies that bring
transformational benefits to many private and public sector
organisations in the UK and the wider world. His vision, his energy and
his encouragement of leadership in a global high-technology environment
are well matched to IQE's future aspirations."
Additional information
The following information is disclosed pursuant to Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies. Philip Patrick Smith,
aged 59, has been a director or partner of the following companies or
partnerships during the five years preceding the date of this
announcement:
Current Directorships / Partnerships Past Directorships / Partnerships
Cisco International Limited Business Disability Forum
Cisco Systems Limited Foundation for Science and Technology
Innovate UK
The Tech Partnership
Foundation for Science and Technology
Curo Charlotte House LLP
Curo Queen Street LLP
The Invicta Film Partnership No.43, LLP
The Invicta Film Partnership No.23, LLP
ZEUS Films LLP
The Invicta Film Partnership No.4, LLP
Mr. Smith has no beneficial interest in the ordinary shares of IQE.
Save as set out above there are no further disclosures required pursuant
to Rule 17 or Schedule 2, paragraph (g) of the AIM Rules for Companies
in respect of Mr. Smith's appointment to the IQE Board.
CONTACTS:
IQE plc +44 (0) 29 2083 9400
Drew Nelson
Phil Rasmussen
Chris Meadows
Canaccord Genuity (Nomad and Joint Broker) + 44 (0) 20 7523 8000
Simon Bridges
Cameron Duncan
Peel Hunt (Joint Broker)
+44 (0) 20 7418 8900
Richard Kauffer
Capital Access Group (PR Advisers) +44 (0) 020 3763
3400
Scott Fulton
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
December 19, 2016 02:00 ET (07:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.