Ichor Holdings Announces CEO Succession Plan Amidst Diversified Leadership and Strong Growth

Ichor Holdings has initiated a CEO succession plan, with current CEO Jeff Andreson transitioning to Executive Advisor role in 2026. The company will engage a search firm to identify a new CEO. Under Andreson's leadership, Ichor has expanded its product portfolio and customer base, strengthening its position in the semiconductor capital equipment industry. The board aims to find a leader capable of propelling Ichor's growth and maintaining operational excellence.

FREMONT, Calif. -- Ichor Holdings, Ltd. (NASDAQ: ICHR), a leading provider of critical fluid delivery subsystems and components for semiconductor capital equipment, has announced a CEO succession plan. Current CEO Jeff Andreson will transition to an Executive Advisor role by August 2026, while the company engages a search firm to identify a successor [1].

Under Andreson's leadership, Ichor has undergone significant transformation. The company has expanded its product portfolio, broadened its customer base, and strengthened its intellectual property (IP) position, all while establishing a global manufacturing footprint and extending its market presence beyond the semiconductor industry [1].

The Board of Directors, led by chairman Iain MacKenzie, expressed gratitude to Andreson for his dedication and the company's achievements during his tenure. MacKenzie noted, "Jeff’s financial and operational acumen has been invaluable through the integration of five acquisitions and the recapitalization of the company during a challenging business environment" [1].

Ichor's financial performance in the second quarter of 2025 reflected a modest acceleration in customer demand, with revenues of $240 million, up 18% year-over-year, but gross margin at 12.5%, slightly below expectations due to hiring challenges [2]. The company expects revenues for the third quarter to range between $225 million and $245 million, with gross margins improving to between 12.5% and 13.5% [2].

The board is focused on finding a strong leader with a proven track record of operating at scale and executing growth strategies. The search for a successor is expected to be conducted in a timely manner to ensure a smooth transition [1].

References:
[1] https://www.businesswire.com/news/home/20250804453444/en/Ichor-Announces-CEO-Succession-Plan
[2] https://seekingalpha.com/news/4478043-ichor-outlines-q3-2025-revenue-guidance-of-225m-245m-while-navigating-hiring-margin-pressure