ASM International Announces Upcoming Reinstatement of Key Executives at 2026 Annual General Meeting

Renewal of CEO Hichem M’Saad's Mandate

According to the press release, ASM International's Supervisory Board plans to renew Mr. Hichem M’Saad for a second four-year term as a member of the Executive Board and CEO. Mr. M’Saad, who joined the company in 2015, was initially appointed to the Executive Board in 2022 as Chief Technical Officer before becoming CEO in May 2024. The Board is currently evaluating his compensation package to ensure it remains competitive with his peers, and this process will include consultation with investors and proxy advisors before being submitted for approval at the AGM.

Proposal for Renewal of Marc de Jong's Term

ASM International reports that Mr. Marc de Jong, a current member of the Supervisory Board, is also proposed for a two-year renewal. Mr. de Jong, who brings unique skills in technology, sustainability, and finance, was initially elected to the Board in May 2018 and renewed in 2022. His new term would end at the AGM of 2028.

Retirement Plans of Chairwoman Pauline van der Meer Mohr

The Chairwoman of the Supervisory Board, Ms. Pauline van der Meer Mohr, has expressed her intention to retire after the Annual General Meeting of 2027, although she has left some flexibility regarding the exact date of her departure depending on the availability of a suitable successor. Ms. van der Meer Mohr was elected to the Board in 2021 and appointed Chairwoman in 2022.