ASM International Announces CEO Succession Plan: Hichem M’Saad to Succeed Benjamin Loh

ASM International has disclosed its CEO succession plan, with CEO Benjamin Loh set to retire and step down at the Annual General Meeting (AGM) on May 13, 2024. Benjamin Loh’s departure will see him succeeded by Hichem M’Saad, the current member of the Management Board and Chief Technology Officer (CTO).
ASM International at a trade showBenjamin Loh, who has served as CEO since 2020, expressed his intention to retire and transition from his role at the AGM in 2024. He has agreed to remain as an advisor for a three-month period post-retirement to facilitate a seamless transition.

During the tenure of Benjamin Loh, ASM witnessed significant growth, doubling its revenue and tripling its market capitalization to over €20 billion. Notable achievements under Benjamin Loh’s leadership include the implementation of a growth-through-innovation strategy, strategic acquisitions, and advancements in sustainability initiatives.

ASM International did not reveal the salary of Hichem M’Saad.

Hichem M’Saad, who joined ASM in 2015, has held leadership positions, including Senior Vice President and General Manager of Thermal Products and, more recently, as CTO and member of the Management Board. His tenure at ASM International has been marked by his instrumental role in product innovation and strong customer engagement.


More like this

Samsung wins AI chip contract from Preferred Networks

Samsung Electronics has won a contract from Preferred Networks,...

iVP Semi to set up chip design centers in Chennai and Bangalore

iVP Semi, a fabless semiconductor startup, announced it will...

Semiconductor sales surge 19% to $49 bn in 2024 May

Semiconductor industry sales hit $49.1 billion in May 2024,...

Nvidia faces French antitrust charges over alleged anti-competitive practices

The French antitrust regulator is preparing to charge U.S.-based...