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Date Announced: 12 Apr 2012
Former ANADIGICS VP of Operations to head up concentrated PV efforts at the epiwafer foundry firm.
Cardiff, UK, 12 April 2012: IQE plc (AIM: IQE, "IQE" or the "Group"), a leading global supplier of advanced semiconductor wafer products and services to the semiconductor industry, announced that it has appointed Russ Wagner as Vice President, Global Projects.
Wagner`s initial responsibility will be to drive the recently announced strategic agreement with Solar Junction Corporation (SJC) in support of IQE`s strategy to become a leading global supplier of CPV wafers for solar power markets, which will include the transfer of CPV technology, establishment of wafer manufacturing capability, and subsequent ramp into high volume production, working closely with various teams around the globe.
Mr. Wagner brings twenty years of valuable semiconductor industry experience to the position, most recently as Vice President of Operations at Anadigics, Inc. His previous positions include General Manager of Fairchild Semiconductor`s RF Power Group, VP Business & Strategic Development at Raytheon RF Components, and VP Finance & Corporate Development of Litton Systems Inc.`s Airtron Division. All of which included responsibility for strategic and tactical management of world-wide operations, partnerships, and corporate growth initiatives.
Dr Drew Nelson, IQE`s Chief Executive, comments: "Russ brings extensive industry experience and demonstrated success at creating value-generating partnerships to our team. I am confident that under his leadership IQE and SJC will achieve the goals we have set for our strategic relationship."
Wagner achieved his B.S. degree from the University of Dayton and has pursued post graduate work on the Litton Executive Education program at the Wharton School, University of Pennsylvania and the Raytheon Business Leadership program at the University of Chicago`s Graduate Business School.
Source: IQE
E-mail: investors@iqep.com
Web Site: www.iqep.com
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