Appointment of Non-Executive Director

14 May 2019

Cardiff, UK. 14 May 2019:  IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading global supplier of advanced wafer products and wafer services to the semiconductor industry, is pleased to announce that it has appointed Mrs. Carol Chesney as Non-executive Director to the board of the Group (the “Board”). Mrs. Chesney joins the Board with immediate effect and will Chair the Audit Committee at IQE, in addition to serving as a member of IQE’s Nomination and Remuneration Committees.

Mrs. Chesney, FCA, is an experienced Non-executive Director, currently serving as a Non-executive Director and Chair of the Audit Committee of Renishaw plc since October 2012, in addition to currently serving as a Non-executive Director and Chair of the Audit Committees of Hunting PLC since April 2018 and Biffa PLC since July 2018. 

Prior to this, Mrs. Chesney served as the Company Secretary of Halma PLC, the FTSE 100 health, safety and environmental technology group, until 2018, having also served as the Group Financial Controller. During her time at Halma PLC, Mrs. Chesney’s role included corporate governance, legal compliance, equity incentives, pensions, internal audit management, taxation, property, health and safety compliance, environmental reporting and anti-bribery and corruption compliance. 

Mrs. Chesney is a Fellow of the Institute of Chartered Accountants in England and Wales, and qualified with Arthur Andersen in the UK.

Phil Smith, IQE Chairman, said:

“I am delighted to welcome Carol to IQE's Board. Her appointment brings to the Group a unique breadth of Board level experience from across a diverse range of listed businesses that will add an invaluable perspective to IQE as the company continues to build its position as a global technology leader.”

 

Additional information

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies. Ellen Carol Tredway Chesney, aged 56, has been a director or partner of the following companies or partnerships during the five years preceding the date of this announcement:

Current Directorships / Partnerships

Past Directorships / Partnerships

Hunting PLC

Badminton Court Management Limited

Renishaw PLC

Power Equipment Limited

Biffa PLC

Palmer Environment Services Limited

 

Mistura Systems Limited

 

Research Engineers Limited

 

Halma Services Limited

 

Telegan Gas Monitoring Limited

 

Klaxon Signals Limited

 

Castell Safety Technology Limited

 

Suntech Group EB Trustee Limited

 

Sonar Research & Development Limited

 

Smith Flow Control Limited

 

Analytical Development Company Limited

 

Wilkinson & Simpson Limited 

 

Iso-Lok Limited

 

Elfab Hughes Limited

 

Castell Locks Limited

 

A&G Security Electronics Limited

 

FFE Holdings Limited

 

Palmer Environmental Limited

 

Halma PR Services Limited

 

Halma IT Services Limited

 

Halma Safety Limited

 

Meadowbridge Holding Limited

 

Fire Fighting Enterprises Limited

 

Reten Acoustics Limited

 

Halma International Limited

 

Halma Financing Limited

 

Halma Investment Holdings Limited

 

Halma Public Limited Company

 

Halma Resistors Unlimited

 

Halma Overseas Funding Limited

 

S.E.R.V. Trayvou Interverrouillage SA

 

T.L. Jones Limited

 

Mrs. Chesney has no beneficial interest in the ordinary shares of IQE.

Save as set out above there are no further disclosures required pursuant to Rule 17 or Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of Mrs. Chesney’s appointment to the IQE Board.

 

CONTACTS:

IQE plc 
Drew Nelson
Tim Pullen
Chris Meadows

 

+44 (0) 29 2083 9400

Canaccord Genuity (Nomad and Joint Broker)  
Simon Bridges
Richard Andrews

 

+ 44 (0) 20 7523 8000

 

Peel Hunt (Joint Broker)
Edward Knight
Nick Prowting

+44 (0) 20 7418 8900