IQE PLC Iqe Plc : Appointment Of Non-Executive Director

 
TIDMIQE 
 
 
   Cardiff, UK. 30(th) November  2017: IQE plc (AIM: IQE, "IQE" or the 
"Group"), the leading global supplier of advanced wafer products and 
wafer services to the semiconductor industry, is pleased to announce 
that it has appointed Sir Derek Jones KCB as a non-executive director of 
the Company on 29(th) November 2017. 
 
   Until February 2017, Sir Derek Jones KCB (aged 64) was the Permanent 
Secretary of the Welsh Government (the devolved government of Wales, 
responsible for a wide range of policy and operations including economic 
development, trade, investment, transport, education, science, health, 
social care, local government, energy and the environment).  As 
Permanent Secretary he led an organisation with an annual budget of some 
GBP15 billion; and a staff of 5,000 located in Wales, London, Brussels, 
the USA, Middle East and Far East. He was also a member of the UK Civil 
Service Board and its Senior Leadership Committee. 
 
   Sir Derek spent the earlier part of his government career in Whitehall, 
working at HM Treasury and the then Department for Trade & Industry, 
where he headed the Far East Trade Desk.  In government in Wales he has 
also served as Director of Finance and Director of Economic Affairs, 
during which time he was instrumental in securing major inward 
investment projects, particularly from Japan and the USA. 
 
   Outside government, Sir Derek was Director of Business & Strategic 
Partnerships at Cardiff University, responsible for securing long-term 
collaborations with the private sector.  Cardiff University is a member 
of the Russell Group of universities.  It was rated fifth in the UK in 
the most recent Research Excellence Framework for the quality of its 
research and second for the impact of research.  It is also ranked 
within the top 100 universities in the world and teaches over 30,000 
students across all disciplines.  Sir Derek is an Honorary Professor and 
Fellow of the University. 
 
   Sir Derek is currently the Chair of the Prince's Trust in Wales and is a 
Vice President of Cardiff Business Club.  He was made Companion of the 
Order of the Bath (CB) in 2009 and subsequently Knight Commander (KCB) 
in 2014, for services to economic and social conditions. 
 
   Dr Godfrey Ainsworth, Chairman of IQE said: 
 
   "I am delighted that Sir Derek has agreed to join IQE's Board. His 
wealth of experience in leadership and governance, and his achievements 
supporting regional, national and international trade are great 
attributes which will enhance IQE's ambitious growth plans." 
 
   Sir David Grant, Chairman of the Nomination and Remuneration Committees, 
said: 
 
   "Sir Derek's accomplishments as a leader within government are well 
known and I also know that his skills in the fields of higher education 
and innovation fit very well with IQE as a high technology company that 
employs and will continue to employ the most talented people at every 
level of the organisation." 
 
   Due to his work in government, Sir Derek does not hold any other current 
directorships and has not held any past directorships within the last 
five years. Sir Derek does not hold any shares in the capital of the 
Company. 
 
   Save as disclosed above, there are no further disclosures required to be 
made in respect of the appointment under Schedule 2(g) or Rule 17 of the 
AIM Rules for Companies. 
 
   CONTACTS 
 
   IQE plc [phone] 
 
   Drew Nelson 
 
   Phil Rasmussen 
 
   Chris Meadows 
 
   Canaccord Genuity + 44 (0) 20 7523 8000 
 
   Simon Bridges 
 
   Henry Fitzgerald O'Connor 
 
   Richard Andrews 
 
   Peel Hunt [phone] 
 
   Edward Knight 
 
   Nick Prowting 
 
   About IQE: 
 
   IQE is a leading global supplier of advanced semiconductor wafers with 
products that cover a diverse range of applications. The Group's 
outsourced foundry services provides a 'one stop shop' for the wafer 
needs of the world's leading semiconductor manufacturers. 
 
   IQE uses advanced epitaxial growth technology platforms to manufacture 
and supply advanced semiconductor 'epi-wafers' to the major chip 
manufacturing companies, who then use these wafers to make the chips 
which form the key components of virtually all high technology systems. 
 
   IQE's products are found in many consumer, communication, computing, 
mobility and industrial applications. IQE's epi-wafers enable a wide 
range of wireless/RF, photonics, infrared, power, solar, advanced 
electronics and sensor technologies. 
 
   IQE operates multiple manufacturing and R&D facilities across Europe, 
Asia and the USA. 
 
   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

November 30, 2017 02:00 ET (07:00 GMT)

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