- Christophe Fouquet is formally appointed as the new Chief Executive Officer at ASML’s Annual Meeting without a vote.
- Fouquet has been responsible for the company’s important “EUV” product line and has been with ASML for over 15 years.
- During retiring CEO Peter Wennink’s time at the helm of the company, ASML’s market capitalisation grew to more than $320 billion, making it Europe’s largest technology company.
At its annual meeting in Veldhoven, the Netherlands, ASML formally announced Christophe Fouquet as its new CEO, pledging to continue to drive the company’s leadership in the global semiconductor industry.
Also read: Netherlands pulls licence for China-bound chips, but who benefits?
Background and outlook for the new CEO
Christophe Fouquet was officially inaugurated as CEO at ASML‘s Annual Meeting in Veldhoven, The Netherlands on Wednesday.
Fouquet has more than 15 years of corporate experience, having managed the company’s top “EUV” (extreme ultraviolet radiation) product line. In his inaugural speech, he expressed his pleasure at continuing to create value for shareholders and writing the next chapter of ASML’s history.
Nils Andersen, chairman of the supervisory board, commented:”Christophe is a very experienced leader with a deep understanding of ASML’s technology and the semiconductor industry ecosystem, which he has gained in various roles at ASML and other companies, and has the right leadership qualities and cultural fit.”
Also read: 5 best semiconductor companies
Achievements and handover from previous CEOs
Peter Wennink has served as ASML’s CEO since 2014, leading the company’s market capitalisation to grow more than tenfold to $320 billion.
Wennink said that despite the perception that he is retiring at a time of greatness for the company, he sees the company’s growth as still in the medium term, and Wennink’s successful handover signals ASML’s continued growth and innovation in the global technology and semiconductor industries.
