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Posted 01 May, 2023

MAGNACHIP SEMICONDUCTOR Corp appointed new CEO

CEO Change detected for ticker NYSE:MX in a 8-K filed on 01 May, 2023.


  On April 28, 2023, Shin Young Park, Chief Financial Officer, as well as the principal financial officer and principal accounting officer, of Magnachip Semiconductor Corporation (the "Company"), went on maternity leave. In Ms. Park's absence, the Board of Directors of the Company appointed Mr. Young-Joon Kim, the Company's Chief Executive Officer, to serve as Interim Chief Financial Officer and to assume the duties of principal financial and accounting officer of the Company on a temporary basis, with such appointment effective as of April 28, 2023.  

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Overview of MAGNACHIP SEMICONDUCTOR Corp
Technology • Semiconductors
MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal platform solutions for communications, Internet of Things (IoT) applications, consumer, industrial, and automotive applications. Its products include MOSFETs; IGBTs; AC-DC/DC-DC converters; light-emitting diode (LED) drivers; regulators; power management integrated circuits (PMICs); and industrial applications such as power suppliers, e-bikes, photovoltaic inverters, LED lighting, and motor drives. The company was founded on November 26, 2003 and is headquartered in Cheongju-si, South Korea.
Market Cap
$213M
View Company Details
MAGNACHIP SEMICONDUCTOR Corp by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On April 28, 2023, Shin Young Park, Chief Financial Officer, as well as the principal financial officer and principal accounting officer, of Magnachip Semiconductor Corporation (the "Company"), went on maternity leave. In Ms. Park's absence, the Board of Directors of the Company appointed Mr. Young-Joon Kim, the Company's Chief Executive Officer, to serve as Interim Chief Financial Officer and to assume the duties of principal financial and accounting officer of the Company on a temporary basis, with such appointment effective as of April 28, 2023. We currently expect Ms. Park to return at the end of July or early August 2023, and upon her return from maternity leave, she will return to the position of Chief Financial Officer and the principal financial and accounting officer of the Company, and Mr. Kim will continue in his role as the Company's Chief Executive Officer.

Biographical information for Mr. Kim is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities and Exchange Commission on February 22, 2023, and such information is incorporated herein by reference. Mr. Kim will not receive additional compensation in connection with his role as Interim Chief Financial Officer.