Soitec : The announcement of Soitec’s leadership succession plan

Bernin (Grenoble), France, January 21, 2022 - The announcement of Soitec's leadership succession plan, on Jan. 19, is the result of a rigorous decision-making process based on a detailed assessment of the Company's needs for its next phase of development. The process, which began in March 2021, was conducted in complete conformity with best-practice governance standards and with the full support of Soitec's main shareholders. The chosen successor of Paul Boudre, Pierre Barnabé, has the necessary skills and experience to lead Soitec as Chief Executive Officer for the next phase of growth towards our ambitious objectives.

Following the rumours that have appeared in the press regarding the Executive Committee's potential views, Eric Meurice, Chairman of the Board of Directors, will take all necessary steps to ensure that governance process issues, if any, are dealt with so as to ensure an effective leadership transition.

Eric Meurice and Paul Boudre, Chief Executive Officer, are committed to working together to ensure a smooth leadership transition enabling successful execution of Soitec's 2026 strategic plan.

About Soitec

Soitec (Euronext, Tech 40 Paris) is a world leader in the manufacture of innovative semiconductor materials. The company uses its unique technologies to serve the electronics markets. With more than 3,500 patents worldwide, Soitec's strategy is based on disruptive innovation to meet its customers' needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the United States and Asia.

Soitec, SmartSiC™ and SmartCut™ are registered trademarks of Soitec.

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