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April 30, 2024 | IMIEstimated reading time: 1 minute
Integrated Micro-electronics, Inc. (IMI) held its virtual 2024 Annual Stockholders Meeting at Fairmont Hotel Makati on Thursday, 25 April 2024.
The year 2023 was a year of championing collaborative partnerships for IMI.
Chairman Alberto M. de Larrazabal and outgoing CEO Arthur R. Tan shared how the company remained bullish and resilient amidst the various headwinds experienced in the past year.
“Through deeper collaboration with major partners to address the uncertainties of the supply chain and the operating landscape, the core businesses of IMI managed to stay profitable for the past three years,” said Larrazabal.
“Despite a challenging year in 2023 with still raised levels of costs of inputs and geopolitical issues affecting global supply chains, the company continued to bring in business with a total sales of US$1.3 billion. With our capabilities, certifications, and management approach which remain a key strategic advantage and long-term value driver, IMI won new projects that have an annual revenue potential of US$291 million mostly in the mobility and industrial segments,” Tan asserted.
Arthur R. Tan is retiring after 22 years as CEO of IMI. Lou Hughes was nominated by the Board to succeed Arthur Tan effective May 1, 2024. Hughes has several years of experience in the industry, with a depth of experience in sales, engineering, sourcing, and operations, and a broad range of executive duties for both private and publicly listed EMS companies.
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