Soitec announced decisions taken by its Board of Directors during its meeting held on Mar. 27, 2019 in Singapore. During this meeting, Eric Meurice has been elected by his peers as Chairman of the Board. He succeeds Thierry Sommelet, who assumed this role during a prolonged 16-month transition period. The latter will continue contributing to the works of the Board as well as to the Committees on which he serves. As for Eric Meurice, he retains his positions of Chairman of the Strategic Committee and Member of the Nomination Committee. It is recalled that Thierry Sommelet was elected Chairman on November 29th, 2017, for a transition period due to expire at the close of the Shareholders' General Meeting convened to approve the financial statements for the fiscal year ending on March 31, 2018. During the Board meeting held on June 13th, 2018, it was decided to extend this transition period beyond its initial term. The Board of Directors acknowledged the resignation of Nabeel Gareeb as a Director of the Company(3), with immediate effect. This comes as a result of a reorganisation within NSIG group. NSIG Sunrise S.à.r.l. has informed the Board of Directors of its intention to propose without delay a candidate who will succeed Nabeel Gareeb by co-optation. A French national, Eric Meurice, 62 years-old, serves as a non-executive director at NXP Semiconductors N.V. since April 2014, IPG Photonics Corp. since June 2014, UMICORE SA since April 2015 and Meyer Burger AG since May 2018.