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u-blox AG: u-blox announces CEO transition effective 1 January 2023

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u-blox AG / Key word(s): Personnel

24-May-2022 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Thomas Seiler to step down as CEO on 31 December 2022 after more than 20 years of leading the company; he will remain member of the Board of Directors and as such provide advice leveraging his extensive experience. Stephan Zizala will assume the role of CEO on 1 January 2023.

Thalwil, Switzerland – 24 May 2022 – u-blox Holding AG (SIX:UBXN) (“u-blox” or “the Company”), a global leader in wireless and positioning technologies, today announced that its Board of Directors has appointed Stephan Zizala as the Company’s new CEO, effective 1 January 2023. Mr. Zizala will join u-blox on 1 October 2022 and will take over the CEO responsibilities from Thomas Seiler, u-blox’s current CEO, who will assist with a smooth transition until his retirement on 31 December 2022, following more than 20 years at the helm of u-blox.

Following his retirement, Mr. Seiler will continue to serve as board member of u-blox, providing advice to the company. He will chair a newly formed strategy committee.

Mr. Zizala is an industry expert with more than 20 years of management and engineering experience focused on microcontroller and power semiconductors as well as global customer experience in the industrial and automotive sectors.

Mr. Zizala joins u-blox from Infineon Technologies AG, one of the world's leading providers of semi­conductor solutions. From 2009 to 2014, Mr. Zizala managed the "Industrial and Multimarket Microcontroller" prod­uct area and then took over the management of the "Automotive High Power" business unit, which is responsible for power semiconductors for electric vehicles, among other things. Under Mr. Zizala's leadership, this business unit realized significant growth and gained a leading market position. Mr. Zizala studied and received his doctorate in electrical engineering and information technology at the technical university in Munich.

During his 20 years as CEO of u-blox, Mr. Seiler has transformed the Company into a leading global provider of wire­less communications technology for positioning and connectivity. Under his leadership, u-blox developed into a global organization with subsidiaries in 32 countries and 1,300 employees worldwide. With a distinctive solutions’ approach for industrial and automotive customers, a global market presence, innovative research and development and an active acquisition strategy, u-blox today is strongly anchored in all continents and serves more than 12,000 customers worldwide.

"u-blox has become a leading provider of positioning and connectivity technology for the automotive and industrial markets. Given the strong position with all our stakeholders, I consider the timing ideal to now initiate the succession at the top of u-blox. We are pleased to have Stephan, a highly accomplished executive and a proven leader with an extensive experience in semiconductor technology in both the industrial and automotive markets, joining our team. We are grateful for the outstanding leadership Thomas has provided to u-blox over the years. His initiatives and dedicated leadership are the basis of u‑blox's success and culture. We are grateful that he will continue to support u-blox' strategic development as a member of the Board of Directors and ensure continuity of the transition at the top," said André Müller, Chairman of the Board of u‑blox.

About u‑blox
u‑blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. Their smart and reliable solutions, services and products let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and secure data services and connectivity, u‑blox is uniquely positioned to empower its customers to develop innovative and reliable solutions for the Internet of Things, quickly and cost‑effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. (www.u‑blox.com)

Find us on www.ublox.com, Facebook, LinkedIn, Twitter @ublox and YouTube

ublox investor relations contacts:
Switzerland and Europe:
Doris Rudischhauser, c/o Dynamics Group AG
Phone: +41 79 410 81 88
E‑mail:
doris.rudischhauser@u-blox.com


US:
Serena Liegey, c/o The Equity Group Inc.
Phone: +1 (212) 836-9630
E‑mail:
sliegey@equityny.com


Lena Cati, c/o The Equity Group Inc.
Phone: +1 (212) 836-9611
E‑mail:
lcati@equityny.com


ublox AG
Zürcherstrasse 68
8800 Thalwil
Switzerland
Phone +41 44 722 74 44
Fax +41 44 722 74 47

info@u-blox.com
www.ublox.com


Disclaimer
This release contains certain forward‑looking statements. Such forward‑looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u‑blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group’s products, the potential for the Group’s products to become obsolete, the Group’s ability to defend its intellectual property, the Group’s ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group’s ability to generate revenues and profitability, and the Group’s ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u‑blox is providing the information in this release as of this date and does not undertake any obligation to update any forward‑looking statements contained in it as a result of new information, future events or otherwise.

This press release is published in German and English. Should the German translation differ from the English original, the English version is binding.


Additional features:


File: u-blox announces CEO transition effective 1 January 2023

End of ad hoc announcement

Language:

English

Company:

u-blox AG

Zürcherstrasse 68

8800 Thalwil

Switzerland

Phone:

+41 44 722 74 44

Fax:

+41 44 722 74 47

E-mail:

info@u-blox.com

Internet:

www.u-blox.com

ISIN:

CH0033361673

Listed:

SIX Swiss Exchange

EQS News ID:

1359323


 

End of Announcement

EQS News Service

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