IQE Appoints GlobalFoundries Executive As CEO

British technology firm IQE PLC IQEPY announced the appointment of Americo Lemos as CEO, effective January 10, 2022.
Lemos joins IQE from the executive team of GLOBALFOUNDRIES Inc GFS, a semiconductor designer and manufacturer.
In 2020, Drew Nelson announced plans to step down. As previously announced, Nelson will retain an advisory and ambassadorial role for the business as a Non-Executive Director on the Board, with the title of President.
The appointment follows an extensive search process led by Phil Smith, interim Executive Chairman of IQE.
IQE makes semiconductor wafers for chips used in Apple Inc AAPL products.
Price Action: GFS shares traded higher by 4.20% at $64.72 in the premarket session on the last check Monday.