08. May 2020 | Financial news

AIXTRON changes composition of Executive Board / Dr. Jochen Linck will be appointed as member of the Board / Dr. Bernd Schulte will retire at expiry of his contract / The Board will be expan

DGAP-News: AIXTRON SE / Key word(s): Personnel/Strategic Company Decision
08.05.2020 / 20:13
The issuer is solely responsible for the content of this announcement.


 

AIXTRON changes the composition of the Executive Board

Dr. Jochen Linck will be appointed as a member of the Executive Board

Dr. Bernd Schulte will retire at the expiry of his contract

The AIXTRON Executive Board will be expanded by a Chief Financial Officer

Dr. Felix Grawert will become Chief Executive Officer on April 1, 2021

Herzogenrath/Germany, May 8, 2020 - The Supervisory Board of AIXTRON SE (FSE: AIXA) today appointed Dr. Jochen Linck as a new member of the Executive Board with effect from December 1, 2020 or earlier in the role of Chief Technical and Chief Operating Officer. The appointment is for a term of 3 years. As of April 1, 2021, he will assume responsibility at AIXTRON for the areas of development, purchasing, manufacturing and logistics, quality management and IT.

At his own request, Executive Board member Dr. Bernd Schulte will retire at the expiry of his contract on March 31, 2021.

Dr. Linck has many years of experience in international management functions in various areas such as development, product management or launch management. The 54-year-old most recently served on the Executive Committee of Diebold Nixdorf, Inc. a leading global provider of cash management and self-service machines for banking and retail. As Managing Director of DN Systems, he was responsible for the development and launch of a new product generation of ATMs. Prior to this, the engineer with a PhD in lean production was a partner at McKinsey & Company, with a functional focus on product development, production and strategy in the mechanical engineering, aerospace and automotive industries.

The Supervisory Board considers the outstanding technology expert with many years of management experience to be the ideal person to lead AIXTRON into the next growth phase together with his colleagues on the Executive Board and the entire team.

In addition, the Executive Board is to be expanded to include a Chief Financial Officer, bringing the total number of members to three. The Supervisory Board's Nomination Committee is working to soon fill this position.

Executive Board member Dr. Felix Grawert will take over as Chairman of the Executive Board, CEO on April 1, 2021, when the Executive Board will then consist of three members.

AIXTRON's technologies address a number of different growth markets, for which market researchers predict double-digit annual growth rates over the next few years. AIXTRON intends to benefit from this growth and, with an expanded Executive Board, sees itself well set up for the future.

Dr. Bernd Schulte has been with AIXTRON since 1993 in various positions and has been a member of the Executive Board since 2002. Today, he manages the Company together with Dr. Felix Grawert and intends to retire when his Executive Board contract expires in March 2021. Until then, Dr. Schulte will be at full disposal to the Company and the Executive Board to actively support his new colleagues.

Kim Schindelhauer, Chairman of the Supervisory Board of AIXTRON SE comments: "We would like to express our special thanks to Dr. Bernd Schulte, who has accompanied and successfully led AIXTRON for more than 28 years at the time of his retirement. Dr. Schulte has shaped AIXTRON with his deep understanding of technology, close customer relationships and entrepreneurial drive, and has made a significant contribution to the Company's success. On behalf of the Supervisory Board, I would like to thank Dr. Schulte for his many years of successful service to the Company. The Supervisory Board wishes him all the best for his personal future".

"The generational change in the AIXTRON Group's leadership has started with the appointment of Dr. Felix Grawert in 2017. The appointment of Dr. Jochen Linck and the soon to be appointed CFO, will then complete the generational change. With this Management Team, the Company is excellently positioned for future growth," explains Kim Schindelhauer.
 

Contact:
Guido Pickert
Investor Relations and Corporate Communications
T: +49 (2407) 9030-444
F: +49 (2407) 9030-445
M: invest@aixtron.com

 

About AIXTRON

AIXTRON SE is a leading provider of deposition equipment to the semiconductor industry. The Company was founded in 1983 and is headquartered in Herzogenrath (near Aachen), Germany, with subsidiaries and sales offices in Asia, United States and in Europe. AIXTRON's technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound or organic semiconductor materials. Such components are used in a broad range of innovative applications, technologies and industries. These include Laser and LED applications, display technologies, data transmission, SiC and GaN power management and conversion, communication, signaling and lighting as well as a range of other leading-edge applications.

For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6) please visit our website at: www.aixtron.com.
 

Forward-Looking Statements

This document may contain forward-looking statements regarding the business, results of operations, financial condition and earnings outlook of AIXTRON. These statements may be identified by words such as "may", "will", "expect", "anticipate", "contemplate", "intend", "plan", "believe", "continue" and "estimate" and variations of such words or similar expressions. These forward-looking statements are based on our current assessments, expectations and assumptions, of which many are beyond control of AIXTRON, and are subject to risks and uncertainties. You should not place undue reliance on these forward-looking statements. Should these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of AIXTRON may materially vary from those described explicitly or implicitly in the relevant forward-looking statement. This could result from a variety of factors, such as actual customer orders received by AIXTRON, the level of demand for deposition technology in the market, the timing of final acceptance of products by customers, the condition of financial markets and access to financing for AIXTRON, general conditions in the market for deposition plants and macroeconomic conditions, cancellations, rescheduling or delays in product shipments, production capacity constraints, extended sales and qualification cycles, difficulties in the production process, the general development in the semi-conductor industry, increased competition, fluctuations in exchange rates, availability of public funding, fluctuations and/or changes in interest rates, delays in developing and marketing new products, a deterioration of the general economic situation and any other factors discussed in any reports or other announcements , in particular in the chapter Risks in the Annual Report, filed by AIXTRON. Any forward-looking statements contained in this document are based on current expectations and projections of the executive board based on information available the date hereof. AIXTRON undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.

This document is an English language translation of a document in German language. In case of discrepancies, the German language document shall prevail and shall be the valid version.

Our registered trademarks: AIXACT(R), AIXTRON(R), APEVA(R), Atomic Level SolutionS(R), Close Coupled Showerhead(R), CRIUS(R), EXP(R), EPISON(R), Gas Foil Rotation(R), Optacap(TM), OVPD(R), Planetary Reactor(R), PVPD(R), STExS(R), TriJet(R)

 

08.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

 

 

Our registered trademarks: AIXACT®, AIXTRON®, Atomic Level Solutions®, Close Coupled Showerhead®, CRIUS®, EXP®, EPISON®, Gas Foil Rotation®, Optacap™, OVPD®, Planetary Reactor®, PVPD®, STExS®, Trijet®

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