ASML Supervisory Board Intends To Name Christophe Fouquet As President And Chief Executive Officer
Portfolio Pulse from Benzinga Newsdesk
ASML's Supervisory Board plans to appoint Christophe Fouquet as President and CEO, with current Co-Presidents Peter Wennink and Martin van den Brink retiring on April 24, 2024. Jim Koonmen is set to join the Board of Management as Chief Customer Officer.

November 30, 2023 | 8:38 am
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ASML is set for a leadership transition with Christophe Fouquet taking over as President and CEO, and the retirement of current Co-Presidents. Jim Koonmen will join as Chief Customer Officer.
Leadership changes can have mixed effects on stock prices. While new leadership can bring fresh perspectives and strategies, transitions can also lead to uncertainty among investors. The impact is likely neutral in the short term as the transition is planned for 2024, providing ample time for a smooth handover. The appointment of a Chief Customer Officer suggests a continued focus on customer relations, which could be positive for long-term growth.
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