Management Board biographies

The Management Board consists of two members: the CEO and the CFO. Read more on ASM's Management Board biographies below, along with its rules, and the remuneration policy.

Hichem M'Saad - Chairman of the Management Board, President and CEO

Mr. M’Saad was appointed as Chair of the Management Board and Chief Executive Officer on May 13, 2024.   

Hichem joined ASM in 2015 as the senior vice president and general manager of the Thermal Products business unit. From 2019, he held the role of executive vice president and general manager of Global Products, in which he was responsible for developing ASM’s ALD, Epi, VF, and PECVD products.  

An experienced, passionate leader, Hichem has been instrumental in ASM’s innovative, disruptive technologies and products, including the Intrepid ES, Synergis, Previum, and SONORA. 

In 2022, Hichem was appointed as a member of the Management Board for a four-year term and Chief Technology Officer, overseeing ASM’s technical product portfolio, platform group, and future technologies, and has been a key driver in ASM’s ‘Growth through Innovation’ strategy.  

Hichem started his career as a process development engineer on various dielectric CVD applications. He became corporate VP and general manager of the Dielectric Systems and Modules (DSM) and the Chemical Mechanical Polishing (CMP) divisions. He also served as CEO of a start-up in the solar photovoltaic industry for six years.

Hichem received a bachelor’s degree in metallurgical engineering from the Colorado School of Mines, a master’s degree in materials science & engineering from Cornell University, and a PhD in electronic materials science from the Massachusetts Institute of Technology. He has written 57 technical articles and holds nearly 200 granted patents. Hichem is a non-executive director of ASMPT Ltd. He is a US and Tunisian national.    

Paul Verhagen - Member of the Management Board and CFO

Mr Verhagen was appointed as member of the Management Board with effect from June 1, 2021 by the Annual General Meeting of May 17, 2021. Following this appointment, he was appointed as CFO from June 1, 2021 by the Supervisory Board.

Paul has a proven track record and background in Dutch listed companies and the electronics industry. He made a career within Royal Philips – starting in the early 90s and until 2013, he fulfilled numerous executive positions in the Netherlands, the US, Hong Kong, and China. His last two assignments – from 2007 until 2013 – were as executive vice president and CFO of Philips Consumer Lifestyle, and executive vice president and CFO of Philips Lighting. In 2014, he became the CFO and member of the Management Board of the Dutch stock listed company Fugro N.V.

Paul is a non-executive director of ASMPT, a member of the supervisory board (raad van toezicht) of Delft University of Technology and a member of the supervisory board of football club PSV. He is a Dutch national, holds a Master of Business Administration degree, and has a post-graduate degree as Chartered Controller.