Pragmatic Semiconductor Welcomes Peter Herweck as Chair of Board

Exciting Leadership Change at Pragmatic Semiconductor

A seasoned professional takes the lead in ushering transformative growth in semiconductor technology.

Pragmatic Semiconductor Ltd. has recently made a significant addition to its leadership team by welcoming Peter Herweck as Chair of its Board of Directors. This strategic appointment comes at a crucial time for the company, which has been pioneering flexible integrated circuit technology—enabling item-level intelligence that effectively bridges our physical and digital worlds in a sustainable manner.

Peter Herweck steps into the role effective immediately, succeeding Erik Langaker. Langaker has been instrumental as Chair since 2020, guiding the company through five years rich in growth and innovation, transitioning to new opportunities post his tenure.

Herweck brings a wealth of experience, with over four decades in technology and advanced manufacturing sectors. He most recently held the position of Chief Executive Officer at Schneider Electric SE, where he led transformative initiatives that capitalized on megatrends like digitization, electrification, and sustainability—resulting in remarkable growth for the company.

Before his tenure at Schneider Electric, Herweck was the CEO of AVEVA plc, a leader in industrial software listed on the FTSE 100. His leadership was pivotal in transitioning AVEVA to cloud-first Software as a Service (SaaS) models and executing the acquisition of OSIsoft. Additionally, he has held senior positions within Siemens AG, becoming a pivotal force in advancing industrial automation technologies globally.

As a non-executive director at Teradyne Inc. (NASDAQ: TER), renowned for its leadership in semiconductor test equipment, Herweck has developed a comprehensive understanding of the global market landscape, having worked in diverse locations including Germany, China, Japan, Switzerland, and the US.

The Board of Directors of Pragmatic Semiconductor took the opportunity to express deep gratitude towards Langaker for his enduring commitment and invaluable contributions during his time as Chair. His leadership was marked by significant growth, including successful funding rounds that fueled the expansion of Pragmatic's global manufacturing footprint and commercialization of its innovative flexible integrated circuit technology.

David Moore, CEO of Pragmatic Semiconductor, expressed his enthusiasm regarding the appointment of Herweck. "Peter's global leadership experience across industrial automation and advanced technology places him in a unique position to support Pragmatic's growth and help scale our innovative FlexIC technology. His efforts will undoubtedly propel the success of our customers and enhance our positive impact on both society and the planet," Moore emphasized.

Herweck shared his excitement at joining Pragmatic Semiconductor's Board, stating, "I am eager to contribute my passion for technology and industrial experience to the company's growth journey, aspiring to achieve item-level intelligence at an unprecedented scale. I appreciate the trust placed in me by Erik, the Board, and David, and look forward to collaborating with the talented team to navigate this exciting phase of growth."

Reflecting on his time as Chair, Langaker noted, "It has been an extraordinary journey from raw technology to the successful design and manufacturing of commercial products at scale. I extend my heartfelt thanks to our shareholders and the Board. I am proud to pass the baton to someone with Peter's exceptional caliber as we embark on the next growth chapter for Pragmatic."

About Pragmatic Semiconductor

Pragmatic Semiconductor is a trailblazer in the field of flexible semiconductor technology, committed to bridging the digital and physical worlds sustainably. The company focuses on optimised design and sustainable innovations, manufacturing flexible integrated circuits (FlexICs) that are ultra-thin and flexible in form factor.

The products offered by Pragmatic, including FlexIC platforms and foundry services, are designed to empower customers in delivering flexible innovations with capabilities for connectivity, sensing, and computing. These advancements enable sustainable edge computing and item-level intelligence at an impressive scale and speed.

The Pragmatic FlexIC Foundry employs a novel production process that ensures sustainable manufacturing practices and facilitates a swift innovation cycle—a critical aspect that caters to the resilience of the supply chain.

Frequently Asked Questions

What is the recent leadership change at Pragmatic Semiconductor?

Peter Herweck has been appointed as the new Chair of the Board of Directors of Pragmatic Semiconductor, succeeding Erik Langaker.

What experience does Peter Herweck bring to the role?

Herweck has over 40 years of experience in technology and industrial automation, including leadership positions at Schneider Electric and AVEVA plc.

What does Pragmatic Semiconductor specialize in?

Pragmatic Semiconductor specializes in flexible semiconductor technology, focusing on designing and manufacturing ultra-thin, flexible integrated circuits.

What are the goals of Pragmatic Semiconductor under Peter Herweck’s leadership?

The aim is to scale item-level intelligence and enhance sustainable innovations that impact both customers' success and society positively.

How has Erik Langaker contributed to Pragmatic Semiconductor?

Langaker led the company during a period of significant growth and transformation, overseeing successful funding rounds and the expansion of global manufacturing.

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