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Frits van Hout, Chief Strategy Officer, to retire in April 2021
Carla Smits-Nusteling, Douglas Grose to retire from Supervisory Board
Press release - VELDHOVEN, the Netherlands, January 20, 2021
Today the Supervisory Board announces that Frits van Hout will retire from ASML upon completion of his current appointment term, which will end per the AGM 2021 on April 29, 2021.
Frits van Hout first served with ASML from 1984 to 1992, later rejoining the company in 2001. He was appointed to the Board of Management in 2009 as Chief Marketing Officer. In 2013, he became Chief Program Officer, where he successfully oversaw the development of the EUV business, bringing it to a level where EUV was widely accepted as the next lithography platform for the semiconductor industry. In April 2018, Frits became Chief Strategy Officer, focusing on strategy and strategic supplier relations, which has grown in significance given the rise of EUV and High-NA EUV as well as e-beam metrology and optical systems. The Supervisory Board wants to thank Frits for his significant contribution to ASML’s growth and development.
ASML will not appoint a successor to Frits. As a result, the Board of Management will consist of five members effective per the AGM 2021. His current responsibilities will be taken over by the remaining Board of Management members, securing the uninterrupted execution of ASML’s strategy to reach its stated targets for stakeholders.
The Supervisory Board further announces that Carla Smits-Nusteling and Douglas Grose will retire as members of the Supervisory Board at the end of their current terms. Both have served on the Supervisory Board since 2013. The Supervisory Board extends its thanks to both Carla and Douglas for their valuable contribution over the past eight years, during which the Supervisory Board has greatly benefited from their knowledge and experience.
The Supervisory Board intends to nominate Birgit Conix for appointment as member of the Supervisory Board effective from the AGM 2021. From 2018 until January 1, 2021, Birgit was a member of the Executive Board and Chief Financial Officer of TUI AG. Prior to that, she was the CFO of the Belgian media, cable and telecommunications group Telenet Group NV, and she held various management positions in finance at Johnson & Johnson, Heineken, Tenneco and Reed Elsevier.
With the retirement of Carla Smits-Nusteling and Douglas Grose, as well as the aforementioned intended nomination for Birgit Conix, ASML’s Supervisory Board will consist of eight members effective from the AGM 2021.
ASML is one of the world’s leading manufacturers of chip-making equipment. Our vision is a world in which semiconductor technology is everywhere and helps to tackle society’s toughest challenges. We contribute to this goal by creating products and services that let chipmakers define the patterns that integrated circuits are made of. We continuously raise the capabilities of our products, enabling our customers to increase the value and reduce the cost of chips. By helping to make chips cheaper and more powerful, we help to make semiconductor technology more attractive for a larger range of products and services, which in turn enables progress in fields such as healthcare, energy, mobility and entertainment. ASML is a multinational company with offices in more than 60 cities in 16 countries, headquartered in Veldhoven, the Netherlands. We employ more than 28,000 people on payroll and flexible contracts (expressed in full time equivalents). ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. More information about ASML, our products and technology, and career opportunities is available on www.asml.com.
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