Date Announced: 20 Feb 2018
Takes over responsibility for extreme ultraviolet (EUV) business.
VELDHOVEN, The Netherlands, 20 February 2018 - ASML Holding N.V. (ASML) today announces that its Supervisory Board intends to appoint Christophe Fouquet (44) as Executive Vice President to the Board of Management, subject to notification of the Annual General Meeting of Shareholders on 25 April 2018. With the addition of Christophe Fouquet, the ASML Board of Management will expand from five to six members. Christophe Fouquet will take over responsibility for the Business Line EUV (Extreme Ultraviolet) from Frits van Hout per 1 April 2018.
Frits van Hout has successfully overseen the development of the EUV business over the last 5 years, bringing it to a level where EUV is widely accepted as the next lithography platform for the semiconductor industry. From 1 April 2018, he will focus on strategy and strategic supplier relations. Within the Board of Management he will be responsible for ASML's growth specifically as it relates to the increasing significance of strategic supplier relationships, notably in the context of EUV and High-NA EUV as well as e-beam metrology and optical systems.
Christophe Fouquet, as a new member of the Board of Management, will oversee the introduction of EUV lithography in high volume manufacturing of integrated circuits (ICs) at customer sites. As ASML will continue to make improvements in the availability of the EUV systems and the profitability of the EUV business, Christophe Fouquet will drive the roll-out and industrialization of EUV and in parallel he will oversee the development and introduction of High-NA EUV lithography over coming years. In his current role as leader of Business Line Applications, Christophe Fouquet has established the Applications business as a key pillar under ASML`s Holistic Lithography strategy, overseeing strong organic sales growth and initiating and executing successful M&A through Taiwan-based HMI. Jim Koonmen, currently managing ASML-unit Cymer Light Sources, and before that managing ASML's computational lithography unit, will succeed Christophe Fouquet as the leader of Business Line Applications.
"'We're delighted to welcome Christophe to the Board of Management where he will bring broad and deep technology and business experience. With Frits focusing on the best possible collaboration with our key strategic suppliers, we are confident that we have a great team in place to execute our strategy, achieve our 2020 sales and profit targets and realize further growth of the company beyond 2020," said ASML's President and Chief Executive Officer Peter Wennink.
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