SOITEC : SOITEC ANNOUNCES THE APPOINTMENT OF RÉMY PIERRE AS GROUP CHIEF FINANCIAL OFFICER

 SOITEC ANNOUNCES THE APPOINTMENT OF RÉMY PIERRE

AS GROUP CHIEF FINANCIAL OFFICER

Bernin (Grenoble), France, May 2, 2016 - Soitec (Euronext), a world leader in manufacturing innovative semiconductor materials, announces the appointment of Rémy Pierre as Chief Financial Officer (CFO). He reports to Paul Boudre, Chairman and Chief Executive Officer (CEO) of the Group. 

Rémy Pierre brings more than 20 years' experience in leading financial positions with groups in various sectors of activities. During his career, he held both strategic corporate functions and more operational responsibilities.

Graduated from ESSEC business school* , Rémy Pierre was CFO of Airbus Defence and Space's Telecommunications and Navigation business unit, before overseeing the Lafarge group's financial strategy as vice president of  finance and then heading up the Alstom group's finance control division.

Prior to joining Soitec's finance department, Rémy was CFO of the Lagardère Active group, Lagardère's Media & Entertainment division.

"Rémy Pierre will focus on continuing to strengthen Soitec's financial position. His role will be to contribute actively to implementing our strategy of delivering profitable and sustainable growth. I am delighted to welcome Remy to our management team," said Paul Boudre. "His experience, renowned managerial talent and ability to work closely with the operational and commercial management teams will be key assets for Soitec, which has promising prospects in the electronics sector."

"I also wish to thank Grégoire Duban for his contribution to our company's transformation. During his advisory mission, which was to oversee Soitec's withdrawal from its non-core businesses, his expertise in refinancing and industrial restructuring proved to be extremely valuable," added Paul Boudre.

Soitec has now refocused on electronics, with products dedicated to consumer applications, mobile devices, communication networks, automobile and the Internet of Things.

* Based in Paris, ESSEC is recognized as one of the leading business schools in the world.

About Soitec

Soitec (Euronext, Paris) is a world leader in manufacturing innovative semiconductor materials. The company uses its unique technologies to serve the electronics market. With 3,600 patents worldwide, Soitec's strategy is based on disruptive innovation to respond to its customers' needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, US and Asia. For more information, please visit www.soitec.com.

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