ASMPT Promotes Katie Xu to Executive Vice President

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ASMPT Ltd, the world’s leading provider of integrated hardware and software solutions for semiconductor and electronics manufacturing, announced that Ms Katie Xu Yifan will be promoted to Executive Vice President and Group Chief Financial Officer, effective Dec 1.

As EVP, Katie Xu will also join the ASMPT Executive Office (EO) comprising Group CEO Robin Ng and Group Chief Strategy Officer Guenter Lauber. The EO guides the ASMPT global executive leadership team in the development and execution of ASMPT’s Group Strategy. Katie’s promotion to EVP and appointment to the EO affirms the importance of strong financial leadership in enabling the Group’s success and underscores ASMPT´s commitment to recognizing and nurturing top talent within the organization and ensuring strong leadership.

Katie Xu joined ASMPT in May 2022 as Senior Vice President and Group CFO with more than 20 years’ experience in various professional finance roles. Katie successfully integrated and strengthened the contributions of ASMPT’s Finance teams across the world. She helped drive ASMPT’s financial performance and market positioning, as evidenced by positive shifts in key financial metrics. She also strategically guided key investments in R&D and infrastructure, particularly advanced packaging, and led strategic cost optimization initiatives that enhanced operational efficiency, while helping ASMPT maintain a robust balance sheet with strong net cash values in the face of industry-wide challenges.

Robin Ng, Chief Executive Officer of ASMPT, commented on the promotion: "Katie's financial acumen and strategic insight have been invaluable to ASMPT during a period of both challenge and opportunity in our industry. Her promotion to Executive Vice President is a testament to her exceptional leadership and the critical contributions she has made, and I am very confident that she will be able to help us achieve ongoing success and future growth."

"It has been an honour to be part of the leadership team steering this great company forward," said Katie Xu. " ASMPT plays a crucial role in the semiconductor and electronics manufacturing ecosystem, and we have an immense responsibility to our customers who make the marvels that enable the modern digital world. I'm deeply grateful for this recognition, and the continued opportunity to make a difference, together with the support of my colleagues across ASMPT."