X-FAB announced that Rudi De Winter, Chief Executive Officer, will step down from his role on February 6, 2026. Rudi De Winter, who has held the roles of Co-CEO since 2011 and CEO since 2014, will continue to serve on the Board of Directors. The Board of Directors has unanimously appointed Damien Macq, currently Chief Operating Officer, as the new CEO starting the same day.

Subject to shareholder approval at the Annual Shareholders' Meeting in April 2026, he will also join the Board of Directors. Rudi De Winter, who has held the roles of Co-CEO since 2011 and CEO since 2014, will continue to serve on the Board of Directors. He will collaborate closely with Damien Macq in the coming months and beyond to facilitate a seamless and successful transition.

Damien Macq joined X-FAB in April 2023 as COO. Under his leadership, the company has strengthened its operational capabilities and expanded its capacities. Damien Macq was born in 1966.

He became X-FAB's Group COO in 2023 overseeing site expansions, sales, quality, and global operations. He previously served as VP & General Manager at Melexis' Sense and Light business unit, serving automotive, smart building, and medical markets. Prior to Melexis, Damien held executive roles in fabless and IDM semiconductor companies across Europe and the USA, delivering market- leading solutions for smartphone connectivity (ST-Ericsson), Power-over-Ethernet (ON Semiconductors/AMIS), and ADSL (GlobespanVirata and Alcatel).

He holds MSEE and PhD degrees from UCLouvain (Belgium) and completed the Stanford Executive Program in 2006. Damien is a Senior Member of IEEE and a former chair of the IEEE Benelux section.