Street Calls of the Week
Investing.com -- Soitec (EPA:SOITC) stock surged 7.07% after the innovative semiconductor materials company announced that Chief Executive Officer Pierre Barnabé plans to leave the group for personal reasons.
The company said Barnabé has committed to remain in his position until March 31, 2026, the end of the 2025-2026 fiscal year, to ensure a smooth transition. The Board of Directors has initiated the process to appoint a new CEO, considering both internal and external candidates.
Frédéric Lissalde, Chairman of the Board of Directors, expressed confidence in Barnabé’s leadership during the transition period, noting his "commitment and the quality of his work in a complex market environment" since taking office in 2022.
Barnabé stated he remains "fully committed to leading Soitec during this transition period" and highlighted the company’s progress under his leadership, including a diversified customer and product base, a more creative approach to innovation, flexible production, and a strengthened financial structure.
The France-headquartered company, which generated sales of €0.9 billion in fiscal year 2024-2025, serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI.
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