CHANDLER, Ariz.--(BUSINESS WIRE)--Apr. 30, 2013--
Amkor Technology, Inc. (NASDAQ: AMKR) today announced that Stephen D.
Kelley has been appointed to serve as President and Chief Executive
Officer and as a director of the Company, effective May 8, 2013. Mr.
Kelley succeeds Ken Joyce, who previously announced his intention to
retire. Mr. Kelley’s appointment follows a comprehensive, six month
search process conducted by the Board of Directors with the professional
assistance of a global executive recruiting firm.
“We have been investing significant resources in the key packaging and
test technologies that support the rapidly growing market for
smartphones and tablets, and today we are well-positioned to take
advantage of significant growth opportunities in mobile communications
and our other end markets,” said James J. Kim, Amkor’s executive
chairman of the board of directors. “Steve Kelley has a wealth of
experience helping major global semiconductor companies grow revenues
and increase profitability. With his strong record of success, deep
customer knowledge and great drive, Steve is the ideal CEO to lead
Amkor.”
Most recently, Mr. Kelley served as Chief Executive Officer of Scio
Diamond Technology Corporation, an industrial diamond technology
company, and as a senior advisor to Advanced Technology Investment
Company, the Abu Dhabi-sponsored investment company that owns
GLOBALFOUNDRIES, a full service semiconductor foundry. Mr. Kelley, 50,
has more than 25 years of experience in the global semiconductor
industry, including as Executive Vice President and Chief Operating
Officer of Cree, Inc. from 2008 to 2011, as Vice President/General
Manager - Display, Standard Logic, Linear and Military Businesses at
Texas Instruments, Inc. from 2003 to 2008, in various positions with
Philips Semiconductors from 1993 to 2003 including Senior Vice President
and General Manager, and in various positions with National
Semiconductor Corporation and Motorola Semiconductor. Mr. Kelley holds a
B.S. in Chemical Engineering from Massachusetts Institute of Technology
and a J.D. from Santa Clara University.
“I'm very excited to join the Amkor team,” said Mr. Kelley. “Throughout
its history, Amkor has been a pioneer and technology leader, and I look
forward to the opportunity to build on that success.”
Mr. Kim also commented on the retirement of Mr. Joyce, “Ken has had a
remarkable career, including over 15 years of service to Amkor. Today
Amkor is well-positioned for success with industry-leading technology in
our key end markets, and the entire Board of Directors joins me in
thanking Ken for helping to lead us here. We are fortunate that Ken has
agreed to be available to work with Steve over the coming months to
ensure a smooth transition.”
About Amkor
Amkor is a leading provider of semiconductor packaging and test services
to semiconductor companies and electronics OEMs. More information about
Amkor is available from the company’s filings with the Securities and
Exchange Commission and at Amkor’s website: www.amkor.com.
Forward-Looking Statement Disclaimer
This announcement contains forward-looking statements within the meaning
of federal securities laws. All statements other than statements of
historical fact are considered forward-looking statements including,
without limitation, statements regarding the growth of smartphones and
tablets, Amkor's investments, growth opportunities in mobile
communications and other markets, and future success. These
forward-looking statements involve a number of risks, uncertainties,
assumptions and other factors that could affect future results and cause
actual results and events to differ materially from historical and
expected results and those expressed or implied in the forward-looking
statements. Important risk factors that could affect the outcome of the
events set forth in these statements are discussed in Amkor’s Annual
Report on Form 10-K for the year ended December 31, 2012, and in its
subsequent filings with the Securities and Exchange Commission made
prior to or after the date hereof. Amkor undertakes no obligation to
review or update any forward-looking statements to reflect events or
circumstances occurring after the date of this announcement.
Source: Amkor Technology, Inc.
Amkor Technology, Inc.
Joanne Solomon
Executive Vice President
& Chief Financial Officer
480-786-7878
joanne.solomon@amkor.com
or
Greg
Johnson
Senior Director, Corporate Communications
480-786-7594
greg.johnson@amkor.com
