ALMERE, THE NETHERLANDS – ASM International nominated Benjamin Loh as CEO, president and chairman of the management board of ASMI, succeeding Chuck del Prado.
Loh has worked for Oerlikon, Veeco Instruments, FEI, and VAT Vacuum Valves. He holds positions as a nonexecutive director in several companies and was an advisory board member of Semi China.
“The board is very pleased to nominate Benjamin Loh to lead the company in its next growth phase,” said Jan Lobbezoo, chairman of ASMI supervisory board. “Benjamin has a wealth of experience as a business leader and from working in the electronics and semiconductor industry.
“We are very grateful for Chuck’s tremendous contributions to ASM. Under his leadership ASM has grown significantly. He leaves the company in great shape, with a lot of opportunities for further growth.”
Loh’s base salary will be €630,000, combined with a long-term share incentive and a short-term cash incentive, both dependent on realizing certain predefined targets.
ASM shareholders will be asked to appoint Loh as management board member for a four-year term at the annual general meeting of shareholders on May 18.