Last checked at 14 May 2019 07:00
Appointment of Non-Executive Director
IQE PLC
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 |