ASM International Announces Key Nominations for Board
ASM Nomination Overview
The Supervisory Board of ASM International N.V. today announced key nominations aimed at strengthening the leadership structure of the company. This decision reflects the board's commitment to maintaining continuity and leveraging the vast experience of its members.
Reappointment of Paul Verhagen as CFO
Paul Verhagen is proposed for reappointment as Chief Financial Officer for a two-year term. His request to limit this term allows him to prepare for retirement while ensuring a smooth transition. Since joining the Management Board in June 2021, Verhagen has played a pivotal role in the financial strategies that underlie ASM's success. His financial acumen has been vital in navigating the company through a competitive industry landscape.
Support from the Chair
Pauline van der Meer Mohr, the Chair of the Supervisory Board, expressed her enthusiasm about Verhagen's continued presence in the firm. She emphasized his significant contributions during his first term and highlighted the importance of his experience as the company prepares for future challenges.
Nominees for Supervisory Board Membership
In addition to Verhagen's nomination, Pauline F.M. van der Meer Mohr is also set for reappointment as Chair, with her term starting at the upcoming Annual General Meeting. Mohr's leadership since her appointment has been instrumental in guiding the board’s strategic initiatives.
Additional Board Members
Also up for reappointment are Adalio T. Sanchez and Stefanie Kahle-Galonske. Sanchez’s ongoing commitment to the board ensures that his expertise continues to influence ASM's strategy positively, while Kahle-Galonske's experience as Chair of the Audit Committee will facilitate a seamless transition of responsibilities within the board. With both members nominated for extended terms, their dedication to the company's vision and objectives remains a priority.
About ASM International N.V.
Headquartered in Almere, ASM International N.V. focuses on producing innovative equipment and process solutions for the semiconductor industry. The firm has established a global presence, with operations in key markets across the United States, Europe, and Asia. The common stock of ASM is traded on the Euronext Amsterdam Stock Exchange, ensuring transparency and accessibility for shareholders.
Contact Information
For further inquiries, investors and media can reach out to:
Victor Bareño
T: +31 88 100 8500
E: investor.relations@asm.com
Valentina Fantigrossi
T: +31 88 100 8502
E: investor.relations@asm.com
Frequently Asked Questions
What are the key recent changes in ASM's leadership?
ASM has announced the reappointment of CFO Paul Verhagen and Chair Pauline van der Meer Mohr, alongside Supervisory Board nominations for Adalio T. Sanchez and Stefanie Kahle-Galonske.
Why did Paul Verhagen request a two-year term?
Verhagen requested a shorter term to focus on his retirement plans while ensuring continuity in financial leadership for ASM.
When will the Annual General Meeting occur?
The AGM will take place in May 2025, where these nominations will be formally presented for approval.
What is ASM International known for?
ASM International is known for designing and manufacturing semiconductor equipment and process solutions, playing a crucial role in the electronics industry.
How can investors contact ASM for inquiries?
Investors can reach ASM's investor relations via email or phone. Contact details are available in the article.
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