IQE PLC Iqe Plc: Board Appointment

 
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                                                                         [phone] 
 
 
   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) 
[phone] 
 
   Richard Kauffer 
 
   Capital Access Group (PR Advisers)                   [phone] 
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)

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