Changes to the Soitec Board of Directors

Changes to the Soitec Board of Directors

Bernin (Grenoble), France - 27 March 2024 – At its meeting today, the Soitec Board of Directors took note of Eric Meurice's decision not to seek renewal of his mandate as Director at the next Annual General Meeting of shareholders on 23 July 2024. At that date, Eric Meurice will step down as a Director and as Chairman of the Board. He will take on the role of strategic advisory to the Chief Executive Officer for a period of one year.

All members of the Board expressed their gratitude to Eric Meurice for his unfailing commitment to Soitec over the past six years and for his major contribution to the work of the Board, which has enabled Soitec to create value for all its stakeholders. Eric Meurice will continue in office until 23 July 2024 and will ensure a smooth handover to his successor.

In accordance with the established succession plan, the Board of Directors took the following unanimous decisions, on the recommendation of the Compensation and Nominations Committee:

• Christophe Gégout, currently independent Referent Director, Chairman of the Audit and Risk Committee and member of the Strategic and ESG Committees, will replace Eric Meurice as Chairman of the Board and Chairman of the Strategic Committee for a transitional period, effective from the close of the Annual General Meeting.
• Christophe Gégout will be replaced as Referent Director by Delphine Segura-Vaylet, who serves as an independent Director, Chair of the Compensation and Nominations Committee and as a member of the Strategic Committee since 2022. Christophe Gégout will continue in his role as a member of the Audit and Risk Committee, the ESG Committee and the Strategic Committee.
• A process has been initiated to recruit a new Director, in order to further strengthen the skills and expertise of the Board of Directors.
  
  

The Board of Directors has decided to propose to the Annual General Meeting the re-election of Françoise Chombar, Satoshi Onishi and Shuo Zhang as Directors for a three-year term. Shuo Zhang, independent director, member of the Audit and Risk Committee and member of the Strategic Committee, will take on the role of Chair of the Audit and Risk Committee¹ in replacement of Christophe Gégout.

The Board of Directors will proceed with a confirmatory vote immediately following the Annual General Meeting of shareholders on 23 July 2024, ensuring that the Board will have all necessary powers to carry out its role of defining the Soitec Group's strategy and overseeing its implementation.