ASML CEO Eric Meurice accepts extension of contract
Press release - Veldhoven, the Netherlands, March 3, 2008
ASML Holding NV (ASML) announces that its Supervisory Board has agreed with CEO Eric Meurice to extend his contract. Meurice joined ASML on October 1, 2004. Under his leadership, ASML’s management and employees more than doubled the company’s net income and generated cash from operating activities of more than €2 billion, while boosting research and development investments by almost 50% to more than €500 million per year.
The Supervisory Board is pleased to inform the Annual General Meeting of Shareholders (AGM) that it intends to re-appoint Meurice as CEO and chairman of the Board of Management of ASML for a consecutive term of four years.
The essential elements of Meurice's extended contract are available on ASML’s website.
Furthermore, the agenda of the AGM, to be held on April 3, 2008, is also available on the website. Finally, ASML informs its shareholders that the ex-dividend date for the earlier announced 2007 dividend payment of €0.25 per ordinary share is set for April 7, 2008.
ASML is the world's leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and Nasdaq under the symbol 'ASML'. ASML has more than 6,500 employees, serving chip manufacturers in more than 60 locations in 16 countries.
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