Ichor Holdings Announces CEO Transition Plan and Search for Successor

Ichor Holdings has announced a CEO transition plan, with Jeff Andreson agreeing to step down. Andreson will continue as CEO until a successor is found, with the board promptly engaging a search firm to identify a candidate.

Ichor Holdings, Ltd. (NASDAQ: ICHR), a leading manufacturer of critical fluid delivery subsystems and components for semiconductor capital equipment, has announced a CEO transition plan. Jeff Andreson, who has served as CEO since 2020, has agreed to step down. Andreson will continue in his role until a successor is named and will then serve as Executive Advisor to the company until August 2026.

The board of directors has agreed to a CEO transition plan and will promptly engage a search firm to identify a successor. Andreson will continue to lead Ichor until the new CEO is appointed. In his role as Executive Advisor, Andreson will assist with the transition to ensure a smooth handover.

Andreson's tenure has seen significant transformation within Ichor, with the company expanding its product portfolio, customer base, and global manufacturing footprint. He attributes this success to the company's employees, who have delivered innovative products while making Ichor a great place to work.

Iain MacKenzie, chairman of Ichor, thanked Andreson for his dedication and financial and operational acumen over the past eight years. MacKenzie noted that Andreson's leadership was invaluable during the integration of five acquisitions and the recapitalization of the company during challenging business environments.

The board is focused on identifying a strong leader with a proven track record of operating successfully at scale while defining and executing strategies for growth. The search for a new CEO will be conducted with the aim of ensuring continuity and stability in Ichor's operations.

References:
[1] https://www.businesswire.com/news/home/20250804453444/en/Ichor-Announces-CEO-Succession-Plan
[2] https://www.stocktitan.net/news/ICHR/ichor-announces-ceo-succession-vjofdscoh7gj.html