Trends

ASML, semiconductor maker, appoints Christophe Fouquet as CEO

AuthorBTW Editorial

Reading Time2 min

PublishedApril 25, 2024

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Headline

Context

The Dutch semiconductor-equipment maker ASML Holding N.V. (ASML) announced on Tuesday that its Supervisory Board intends to appoint Christophe Fouquet as president and chief executive officer, subject to notification of the Annual General Meeting of Shareholders on 25 April. Christophe Fouquet, a French national, was born in 1973, a member of the Board of Management since 2018 (term expires in 2026). Christophe joined ASML in 2008 and has held several management positions in marketing and product management.

Evidence

Pending intelligence enrichment.

Analysis

Christophe holds a master’s degree in physics from the Institut Polytechnique de Grenoble. Before ASML, he worked at semiconductor equipment industry peers KLA Tencor and Applied Materials. After being hired for the position in November, Fouquet has been with the company for 15 years and was previously in charge of its top “EUV” product lines. He replaces Peter Wennink, the company’s retiring CEO, who led the company for more than ten years, during which time its share price more than tenfold increased and it grew to become the largest tech company in Europe, valued at more than 300 billion euros ($320 billion). Also read: What is hybrid cloud architecture? Also read: 5 best semiconductor companies

Key Points

ASML, a Dutch semiconductor-equipment maker announces on Tuesday that the company appoints Christophe Fouquet as president and chief executive officer.
Christophe Fouquet is currently chief business officer in charge of its top “EUV” product lines and he replaces retiring CEO Peter Wennink.
No vote was required and chairman Nils Andersen announced the appointment had been approved.