SOITEC
SOITEC ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
SOITEC ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
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Kai Seikku co-opted as Director to replace Nabeel Gareeb
- Jeffrey Wang co-opted as Director to replace Weidong Ren
Bernin (Grenoble), France, May 27, 2019 - Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announces decisions taken by its Board of Directors during its meeting held on last May 6th.
Following a reorganization of the NSIG group due to its initial public offering, Nabeel Gareeb[1] and Weidong Ren[2] have resigned from their positions as Directors, effective respectively from March 27th and May 7th. The Directors warmly thanked them for their attendance and contribution to the Board's and Committees' works since they have joined them.
In accordance with the Company's shareholders agreement, NSIG Sunrise S.à.r.l. has proposed Kai Seikku and Jeffrey Wang to replace them. After deliberations, the Board of Directors has decided to co-opt them, respectively for the remaining terms of office of Nabeel Gareeb and Weidong Ren, i.e. until the close of the Shareholders' General Meeting which will be convened on July 26th.
Furthermore, Kai Seikku was appointed as a member of the Strategic Committee, the Nomination Committee and the Compensation Committee, while Jeffrey Wang was appointed as a member of the Audit and Risks Committee.
Kai Seikku's biography
Since 2010, Kai Seikku has been the President and Chief Executive Officer of Okmetic Oy, a world-leading silicon wafers supplier specializing in the manufacture of tailored, high-value added silicon wafers for MEMS, sensors, discrete semiconductors and analog circuits.
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Since Okmetic Oy's 2016 takeover by NSIG group, an industry holding company focused on semiconductor material business and its ecosystem development, he has also been an Executive Vice President of NSIG group.
In parallel, he is a director within the Boards of Robit Oyj (since 2018), Inderes Oy (since 2016) and verkkokauppa.com (since 2013). He is also an Industrial Advisor at Intera Partners, a private equity firm (since 2013).
Kai Seikku has 20 years' experience in executive general management and has been a company director for 19 years.
Prior to joining Okmetic Oy, he worked in the food industry as the CEO of HKScan Corporation (from 2005 to 2009), and in the marketing sector as the Country Manager of McCann-Erickson for Finland (from 2002 to 2005) and as CEO of Hasan & Partners (from 1999 to 2005).