British semiconductor wafer maker IQE has announced the appointment of Jutta Meier as its new chief financial officer.

Meier, who will join the company next week, joins from Intel where she served as a senior finance director at Intel Foundry Services. In a career spanning over 25 years, the executive has also served as vice president of finance at semiconductor manufacturing leader GlobalFoundries and held various positions at AMD.

The company’s previous finance chief Tim Pullen stepped down from the role in June 2023, with Neil Rummings appointed on an interim basis.

Americo Lemos, chief executive officer of IQE, said: “I am delighted to welcome Jutta as IQE’s CFO. Her skills and experience gained within global semiconductor manufacturing will be an important asset to IQE, enabling her to drive value creation and improve margins and profitability. Jutta’s contributions will be vital to driving IQE’s growth and the continued implementation of our strategic plan.”

Jutta Meier added: “I am thrilled to be joining IQE as chief financial officer. IQE is at the forefront of the global compound semiconductor industry and I am very excited by the market opportunities and the growth potential of the business. I look forward to working with Americo and the team to deliver our ambitious goals.”

---