Soitec’s executive committee criticizes the process for appointing the new CEO

PARIS (Agefi-Dow Jones)–Soitec’s executive committee denounced in a letter addressed to the group’s board of directors the “rush” and “opacity” of the process which led to the appointment of Pierre Barnabé as new general manager, reported Wednesday evening Les Echos and La Tribune.

The semiconductor materials manufacturer announced on Wednesday the appointment of Pierre Barnabé as Chief Executive Officer, effective from the general meeting scheduled for July 2022. Pierre Barnabé, currently in charge of the Big Data and Cybersecurity division at Atos, will take over the succession of Paul Boudre, who has headed Soitec since 2015.

This appointment has provoked the ire of the group’s executive committee, according to La Tribune and Les Echos, which quote a letter sent by the current leaders to the board of directors. According to this missive, the leaders deplore the “opacity” and “the haste” of the succession process.

The executive committee also criticizes “the takeover of Soitec by the chairman of the board of directors for three years, which culminates today with the incomprehensible appointment of a new general manager”.

Also according to this letter quoted by the two media, the current leaders regret that the executive committee was not concerted and that internal applications were not seriously considered.

Contacted, Soitec spokespersons were not immediately available to comment on this information.

-Julien Marion, Agefi-Dow Jones; +33 (0)1 41 27 47 94; [email protected] ed: VLV

Website: a-framework-of-atos-902325.html

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

January 20, 2022 02:58 ET (07:58 GMT)

Source link -91