SOITEC BOARD ANNOUNCES CEO SUCCESSION PLAN - PIERRE BARNABE TO SUCCEED CEO PAUL BOUDRE AT THE CLOSE OF THE JULY 2022 SHAREHOLDERS MEETING
SOITEC
BOARD
ANNOUNCES CEO SUCCESSION PLAN
PIERRE
BARNAB
E
TO SUCCEED CEO PAUL BOUDRE
AT THE CLOSE OF THE JULY
2022
SHAREHOLDERS MEETING
Bernin
(Grenoble), France, January
19
, 2022
– Soitec (Euronext Paris), a world leader in the design and manufacture of innovative semiconductor materials, today announces that its Board of Directors agreed to appoint Pierre Barnabé to succeed Paul Boudre as Group CEO. Pierre is to join the company on May 1, 2022 on a mission attributed by the Board, and will work closely with Paul Boudre until he assumes the CEO role after the annual shareholder meeting in July 2022, thus ensuring a smooth leadership transition.
Pierre Barnabé, 51, joins Soitec from Atos, a worldwide Information Technology leader, where he has served since 2015 as Senior EVP in charge of Big Data and Cybersecurity. Since 2019, Pierre has also been responsible for Public Sector & Defense and Manufacturing Industry, overseeing multibillion-euro revenues and more than 11,000 employees worldwide. Prior to joining Atos, he was Chief Operating Officer at Bull, acquired by Atos in 2014. Pierre Barnabé is a graduate of NEOMA Business School and CentraleSupélec.
Eric Meurice, Chairman of the Board of Directors, commented: “On behalf of the Board of Directors and employees, I wish to express my deepest appreciation for Paul’s leadership and dedication throughout his 15 years of service to the Company. Paul has led Soitec to great success during his tenure as CEO. Since his appointment in 2015, he has contributed to the Company’s recovery and growth to an expected $975million in revenue for FY2021-22, as guided in our latest financial releases. Paul has also helped position the Company for further growth,enabled by new application segments for Soitec’s ‘Smart Cut’technology.”
“
We had set the bar high in identifying a successor for Paul Boudre
.
W
e are delighted that
Pierre
Barnabé
has
agreed
to join Soitec.
Pierre
will build on this trajectory
and lead Soitec through the next
chapter
of ambitious growth
as
set out
in the
2026 strategic roadmap. He draws upon a remarkable track record that includes a
three
fold revenue increase at
the
Atos
Big Data and Cybersecurity
division in
the space of a
few
years
, in a highly competitive market
requiring deep
cooperation
with the ecosystem
.
His
skill
-
set
naturally
complements
those
of
the
Soitec
management team, as a leader
with
significant
collaborative
experience working with
technology
experts,
partners and customers
.
”
The Board will also propose the nomination of Pierre as a Director at the ordinary shareholders’ meeting of FY2021-22 scheduled for July 2022. Today’s announcement follows a detailed and thorough assessment by the Board and its Nomination and Governance Committee that considered all options within the Company’s established succession planning process.
Pierre Barnabé commented: “I am very excited and proud to join and lead Soitec as its new CEO. I am also conscious of the responsibility: the company’s technology, management and employee talents andstrong relationships with key partners such as the CEA are key assets for the future.Exciting opportunities lie ahead in the fast-growing semiconductor market, and I look forward to working with the teams at Soitec to meet the ambitious goals set by the Board.”
About Pierre
Barnabé
Pierre Barnabé is currently Atos Senior Executive Vice-President, Group Security Officer and Global Head of Big Data and Cybersecurity, which includes the group’s supercomputing business. He was previously Chief Operating Officer at Groupe Bull and General Manager of SFR Business Team. Pierre Barnabé began his career in the venture capital department of Thales before joining Alcatel-Lucent, where he served as CEO for Alcatel-Lucent France and Group EVP Human Resources and Transformation. He is a Knight of the French National Order of Merit and a graduate of NEOMA Business School and CentraleSupélec.
About Soitec
Soitec (Euronext, Tech 40 Paris) is a world leader in the manufacture of innovative semiconductor materials. The company uses its unique technologies to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to meet its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the United States and Asia.
Soitec and Smart Cut are registered trademarks of Soitec.
For more information, please visit www.soitec.com and follow us on Twitter: @Soitec_EN
For more information, please contact:
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Soitec is a French joint-stock corporation with a Board of Directors (Société Anonyme à Conseil
d’administration
) with a share capital of €70,276,054.00, having its registered office located at Parc
Technologique
des
Fontaines
- Chemin des
Franques
- 38190
Bernin
(France), and registered with the Grenoble Trade and Companies Register under number 384 711
909.
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