IQE PLC Iqe Plc : Phillip Rasmussen

 
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 
[phone] 
 
   Drew Nelson 
 
   Chris Meadows 
 
   Canaccord Genuity                                                 + 44 
(0) 20 7523 8000 
 
   Simon Bridges 
 
   Henry Fitzgerald-O'Connor 
 
   Richard Andrews 
 
   Peel Hunt 
[phone] 
 
   Edward Knight 
 
   Nick Prowting 
 
   FTI Consulting 
[phone] 
 
   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.