- British technology firm IQE PLC IQEPY announced the appointment of Americo Lemos as CEO, effective January 10, 2022.
- Lemos joins IQE from the executive team of GLOBALFOUNDRIES Inc GFS, a semiconductor designer and manufacturer.
- In 2020, Drew Nelson announced plans to step down. As previously announced, Nelson will retain an advisory and ambassadorial role for the business as a Non-Executive Director on the Board, with the title of President.
- The appointment follows an extensive search process led by Phil Smith, interim Executive Chairman of IQE.
- IQE makes semiconductor wafers for chips used in Apple Inc AAPL products.
- Price Action: GFS shares traded higher by 4.20% at $64.72 in the premarket session on the last check Monday.
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