Soitec Initiates Succession Process for Chief Executive Officer Pierre Barnabé

Core Points - Pierre Barnabé, the CEO of Soitec, has announced his intention to leave the company for personal reasons, with a commitment to remain until March 31, 2026, to ensure a smooth transition [1][2] - The Board of Directors has initiated the process to appoint a new CEO, which will be led by the Compensation, Nominations and Board Governance Committee, considering both internal and external candidates [3] - Frédéric Lissalde, Chairman of the Board, expressed confidence in Barnabé's leadership and the management team's ability to continue implementing the company's strategy during this transition [4] - Barnabé emphasized his commitment to leading Soitec through this period, highlighting the company's progress in diversifying its customer and product base, enhancing innovation, and strengthening its financial structure [5] Company Overview - Soitec is a global leader in innovative semiconductor materials, generating sales of €0.9 billion in the fiscal year 2024-2025 [6] - The company serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI, employing over 2,200 people from 50 different nationalities [6] - Soitec has registered nearly 4,300 patents, indicating a strong focus on innovation and technological advancement [6]