ASML intends to appoint Wayne Allan to Board of Management

Rhea-AI Summary

ASML plans to appoint Wayne Allan to its Board of Management as Executive Vice President and Chief Strategic Sourcing & Procurement Officer. This decision, aimed at enhancing the importance of the sourcing and supply chain organization, will be subject to notification at the General Meeting on April 26, 2023. Wayne, who has been with ASML since 2018, previously held significant roles at Micron Technology. The appointment expands ASML's Board from five to six members, emphasizing the need for robust supply chain management amid increasing customer demands.

Positive

• Appointment of Wayne Allan to enhance supply chain management.
• Board expansion reflects strategic importance of sourcing and procurement.

Negative

• None.

ASML intends to appoint Wayne Allan to Board of Management

VELDHOVEN, the Netherlands, October 19, 2022 — ASML Holding N.V. (ASML) today announces that its Supervisory Board intends to appoint Wayne Allan as a member of the Board of Management in the position of Executive Vice President and Chief Strategic Sourcing & Procurement Officer. The appointment will be subject to notification of the General Meeting on April 26, 2023.

As Executive Vice President and Chief Strategic Sourcing & Procurement Officer, Wayne will be responsible for the Sourcing & Supply Chain organization. The Supervisory Board has decided to position this role in the Board of Management in view of the fact that the performance of the supply chain is increasingly critical to ASML’s ability to respond to customer demand. ASML is scaling up and we need our supply chain to follow our pace. We need to successfully navigate the short-term challenges and at the same time continue to build strong strategic board-to-board relationships that carry us into the future.

Wayne Allan joined ASML in November 2018 as Executive Vice President Customer Support. ​Prior to this role he served as Senior Vice President of Global Manufacturing Operations and as VP of Wafer Fabs at Micron Technology, Inc., the company where he began his career in 1987 as a production operator. He continued to move into operations roles of increasing leadership in engineering, planning and production.​ In addition to manufacturing operations roles, Wayne also directed the supply chain organization at Micron. ​​

With the appointment of Wayne Allan in April 2023, the ASML Board of Management will expand from five to six members.

“The appointment of Wayne Allan to the Board of Management reflects the importance of our Sourcing & Supply Chain organization in our ability to execute our strategy. We are confident that with the appointment of Wayne, ASML will be well-positioned to continue to build future-proof strategic relationships with our suppliers while at the same time addressing the challenges of the ramp-up,“ said ASML President and Chief Executive Officer Peter Wennink.

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About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across Europe, the US and Asia. Every day, ASML’s more than 37,500 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

Attachment

• Link to press release

FAQ

Who is Wayne Allan and what is his role at ASML?

Wayne Allan is appointed as Executive Vice President and Chief Strategic Sourcing & Procurement Officer, responsible for enhancing ASML's sourcing and supply chain operations.

When will Wayne Allan's appointment to the ASML Board take effect?

Wayne Allan's appointment will be subject to notification at the General Meeting on April 26, 2023.

Why is ASML expanding its Board of Management?

ASML is expanding its Board to include sourcing and procurement due to their increasing importance in responding to customer demand.

What previous roles has Wayne Allan held before joining ASML?

Before joining ASML, Wayne Allan held senior roles at Micron Technology, including Senior Vice President of Global Manufacturing Operations.

What is ASML and what do they provide?

ASML is a leading supplier to the semiconductor industry, providing hardware, software, and services to enable the mass production of microchips.