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February 15, 2024
Leadership Transition: IMI Leadership Transition and Announces CEO changes
Integrated Micro-electronics, Inc. (“IMI”) announces that Mr. Arthur R. Tan will no longer continue as the Corporation’s CEO after the expiration of his term on April 25, 2024.
Mr. Tan has been in the IMI leadership role for the past 22 years. He has been the driving force behind IMI’s transformation from a Philippines-based contract manufacturing company catering to largely Japanese OEMs to one of the top 25 Global EMS and top 10 Global Auto EMS players with extensive capabilities and operations serving global tier-1 and OEM customers.
At the special board meeting held on February 13, 2024, IMI’s Board of Directors approved the CEO transition plan, and identified and vetted Mr. Lou Hughes as a candidate for the role. Mr. Hughes, a highly experienced professional with extensive global C-suite experience in sales, engineering, sourcing and operations, will be nominated to succeed Art as CEO of IMI. He was previously a senior manager at General Electric, COO of Universal Electronics, a Nasdaq listed EMS company, and CEO of Beyonics, a contract manufacturer headquartered in Singapore. Subject to his appointment by the IMI Board, Mr. Hughes assumption of office will be effective on May 1, 2024.
IMI’s Board of Directors is confident that Mr. Hughes will lead IMI with the same level of dedication, innovation, and excellence that is expected by our customers and stakeholders and assures its stakeholders of IMI’s commitment to maintaining operational continuity and delivering value during this transition period. IMI will continue to uphold the highest standards of corporate governance and transparency throughout this process.
Integrated Micro-Electronics, Inc. (IMI), the manufacturing arm of AC Industrial Technology Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, is among the leading global technology and manufacturing solutions expert in the world. Based on 2022 revenues, IMI ranks among the top 25 EMS service providers in the world per Manufacturing Market Insider, and is among the top ten automotive EMS companies per New Venture Research.
IMI specializes in highly reliable and quality electronics for long product life cycle segments such as automotive, industrial electronics and more recently, the aerospace market.
From its 20 manufacturing plants across ten countries, IMI provides engineering, manufacturing, and support and fulfillment capabilities to diverse industries globally.
For more information, visit www.global-imi.com.
IMI will always be relevant, if not on the leading edge of the next big thing.
