Board to immediately launch CEO search process; Andreson to assist in CEO transition
Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced that Jeff Andreson and the Board of Directors have agreed to a CEO transition plan, and that the Board of Directors will promptly engage a search firm to identify a successor. Mr. Andreson will continue as CEO until his successor is named, and thereafter serve as Executive Advisor to the company through August of 2026, to assist with a seamless transition.
“Throughout my years at Ichor and since becoming CEO in 2020, we have witnessed a significant transformation of the company into a diversified leader in fluid delivery – as evidenced by our expanded product portfolio, broadened customer base, strengthened IP position, global manufacturing footprint, and market presence now established beyond the semiconductor industry,” said Mr. Andreson. “It has been my privilege to lead Ichor during this transformation, and for that I must thank our amazing employees, who delivered innovative products to our customers while making Ichor a great place to work. Over the next year, I look forward to working with our Board and incoming CEO, to ensure a smooth transition.”
“On behalf of the entire Board of Directors as well as Ichor’s past and present stakeholders and employees, I thank Jeff for his dedication to Ichor for the past eight years,” commented Iain MacKenzie, chairman of Ichor. “Jeff’s financial and operational acumen has been invaluable through the integration of five acquisitions and recapitalization of the company during a challenging business environment. We are grateful that we’ll continue to benefit from Jeff’s experience and perspective throughout this process. As the Board conducts its search for Jeff’s successor, we are focused on identifying a strong leader with a proven track record of operating successfully at scale while defining and executing strategies for growth.”
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