Management and supervision
Our organization is spearheaded by a team of dedicated, committed, and passionate people. Together, they make sure ASM is ever developing. We have a two-tier board structure, with two Management Board members and six Supervisory Board members. In 2022, we set up an Executive Committee to help the Management Board drive and execute ASM's strategy.
Management Board
The Management Board manages and is responsible for defining and executing the strategy, including the sustainable long-term value creation, the risk management framework, management of the operational, organizational and financial objectives, and the sustainability/ESG aspects relevant to ASM. When executing its tasks, it takes into account the interests of ASM’s stakeholders.
The Management Board has its own rules and is also subject to the Articles of Association. ASM’s Management Board has divided the roles in line with the Articles of Association and approval from the Supervisory Board. The Executive Committee assists the Management Board in managing ASM.
Composition
| Name | Position | Nationality | Year of birth | Initial appointment | Term expires |
| Hichem M’Saad | CEO | US and Tunisian | 1965 | 2022 | 2026 |
| Paul Verhagen | CFO | Dutch | 1966 | 2021 | 2025 |
Executive Committee
The Executive Committee consists of the Management Board members and three other senior executive leaders.
The Executive Committee assists the Management Board in managing the company, in particular with the day-to-day management, including driving the strategic agenda, and in respect of compliance, leadership, culture and sustainability/ESG. Its responsibilities are divided based on business and functional areas, each of which will be reviewed regularly. The Management Board may delegate one or more specific tasks and duties to one or more Executive Committee members and the Executive Committee is accountable and reports to the Management Board. The Executive Committee shall be guided by the interests of the company and its affiliates in executing its tasks, taking the interests of all stakeholders into account. The Executive Committee has its own rules.
Composition
| Name | Position | Nationality | Year of birth |
| Hichem M’Saad | CEO | US and Tunisian | 1965 |
| Paul Verhagen | CFO | Dutch | 1966 |
| Hakan Erdemir | Senior Vice President Global Operations | US and Turkish | 1968 |
| Edyta Jakubek | Chief People Officer | Polish | 1974 |
| Paul Ma | Corporate Vice President Thermal ALD and VF | US, New Zealand and Taiwanese | 1976 |
| Steve Reiter | Corporate Vice President Plasma and Epi | US | 1975 |
| Srini Vedula | Senior Vice President Global Sales | US | 1972 |
Supervisory Board and its committees
The Supervisory Board supervises and advises the Management Board and Executive Committee in the execution of their tasks and responsibilities. The members of the Supervisory Board are guided by the interests of the company and its affiliates, through which the interests of the stakeholders are taken into account. The Supervisory Board has its own rules and is also subject to the Articles of Association.
The Supervisory Board has oversight of the Audit Committee, the Nomination, Selection and Remuneration Committee and the Technology Committee, which assist the Supervisory Board in the preparation of its meetings and supervision tasks.
Composition
| Name | Position | Nationality | Year of birth | Initial appointment | Term expires |
| Pauline F.M. van der Meer Mohr | Chair | Dutch | 1960 | 2021 | 2025 |
| Martin van den Brink | Member | Dutch | 1957 | 2024 | 2028 |
| Marc J.C. de Jong | Member | Dutch | 1961 | 2018 | 2026 |
| Stefanie Kahle-Galonske | Member | German and Swiss | 1969 | 2017 | 2025 |
| Didier R. Lamouche | Member | French | 1959 | 2020 | 2028 |
| Tania Micki | Member | Swiss and French | 1971 | 2024 | 2028 |
| Adalio T. Sanchez | Member | United States | 1959 | 2021 | 2025 |
Committees' structure and member information
| Name | Audit Committee | Nomination, Selection, and Remuneration Committee | Supervisory Board | Technology Committee |
| Pauline F.M. van der Meer Mohr | M | M | C | |
| Martin van den Brink | M | M | C | |
| Marc J.C. de Jong | M | M | M | |
| Stefanie Kahle-Galonske | C / FE | M | M | |
| Tania Micki | M / FE | M | ||
| Didier R. Lamouche | C | M | M | |
| Adalio T. Sanchez | M | M | M | |
|
C = Chairperson; M = Member; FE = Financial expert |
||||
Audit Committee
The Audit Committee comprises:
· Stefanie Kahle Galonkse, Chair of the Audit Committee;
· Martin van den Brink, Marc de Jong, Pauline van der Meer Mohr and Tania Micki: members.
The Audit Committee assists the Supervisory Board in its responsibility to oversee, among others, ASM’s financing, financial statements, financial reporting process, cybersecurity, and system of internal business controls and risk management. The Audit Committee also advises the Supervisory Board on the nomination of the external auditor of the company.
The Audit Committee has its own charter (which lists its tasks and responsibilities) and is also subject to the Articles of Association.
Nomination, Selection, and Remuneration Committee
The Nomination, Selection and Remuneration Committee comprises:
· Didier Lamouche, Chair of the Nomination, Selection & Remuneration Committee;
· Stefanie Kahle Galonkse, Pauline van der Meer Mohr and Adalio Sanchez: members.
The Nomination, Selection and Remuneration Committee advises the Supervisory Board on matters relating to the selection and nomination of the members of the Management Board and Supervisory Board. It further monitors and evaluates the remuneration policy for the Management Board and the Supervisory Board.
The Nomination, Selection and Remuneration Committee has its own charter (which lists its tasks and responsibilities) and is also subject to the Articles of Association.
As of 2017 we have integrated our remuneration report into our Annual Report. Consequently, our last standalone remuneration report is from 2016. ASM’s remuneration reports of the last ten years can be found here. The current version of the Remuneration policy of the Management Board can be found here and the Remuneration policy of the Supervisory Board can be found here.
Technology Committee
The Technology Committee comprises:
· Martin van den Brink, Chair of the Technology Committee;
· Adalio Sanchez, Marc de Jong, and Didier Lamouche: members.
The Technology Committee assists the Supervisory Board in its responsibility to oversee, among others, the technology aspects of ASM’s business strategy, i.e. technology trends and investments required, technical resources and operational performance in R&D, as well as ASM’s annual R&D budget and material technology investments brought forward by ASM’s Management Board.
The Technology Committee has its own charter (which lists its tasks and responsibilities) and is also subject to the Articles of Association.