ASM International N.V. (Euronext Amsterdam: ASM) announces that Mr. Chuck del Prado, Chief Executive Officer, Chairman of the Management Board and President of the company has notified the Supervisory Board that he wishes to retire from the company at the Annual General Meeting of shareholders to be held in May 2020.
Chuck del Prado (58) joined ASM in 2001 and was appointed to the Management Board in 2006. In 2008, Mr. Del Prado was appointed as CEO, Chairman of the Management Board and President of the company.
Mr. Del Prado has indicated that he wishes to pursue a more family oriented life. Mr. Del Prado commented: “There is never a perfect moment to step down as CEO but given the commercial, financial and technological health of ASM, I believe the company is well positioned to undergo a change of leadership. ASM is part of my DNA. Next year I will have been with the company for almost 20 years and CEO for more than 12 years, in which period ASM has had my full focus and energy. This has not been an easy decision. I’m proud and very thankful to have had the opportunity to contribute to this exceptional company and to work with ASM’s great employees and customers.”
Jan Lobbezoo, Chairman of the Supervisory Board commented: “The Supervisory Board is grateful for the immense contribution of Chuck del Prado to the strong advancement of the company’s position in the semiconductor equipment industry. Under Chuck’s leadership – and building on the legacy of the late Arthur del Prado - ASM has become a globally leading player in semiconductor equipment, delivering excellent benefits to all stakeholders. The Supervisory Board will be sorry to see Chuck go, but we fully understand and respect his decision. He will leave behind a company that is excellently positioned to continue and further expand its leading position in the semiconductor equipment industry.”
A search to find a successor to Mr. Del Prado has started.