SINGAPORE, November 28, 2024 – ASMPT Ltd, a global leader in integrated hardware and software solutions for semiconductor and electronics manufacturing, has announced the promotion of Ms Katie Xu Yifan to the role of Executive Vice President and Group Chief Financial Officer, effective 1 December 2024.
In her expanded role, Ms Xu will also join ASMPT’s Executive Office (EO), working alongside Group CEO Robin Ng and Group Chief Strategy Officer Guenter Lauber. The EO plays a pivotal role in shaping and driving the company’s global strategy. Ms Xu’s appointment underscores ASMPT’s commitment to strong financial leadership as a cornerstone for its growth and success, while also highlighting its focus on recognising and developing talent from within the organisation.
Ms Xu joined ASMPT in May 2022 as Senior Vice President and Group CFO, bringing over two decades of experience in financial leadership roles. Since her arrival, she has been instrumental in streamlining and enhancing the contributions of ASMPT’s global finance teams. Her efforts have driven significant improvements in financial performance and operational efficiency, including strategic investments in advanced packaging technologies and cost optimisation initiatives. These contributions helped ASMPT maintain a strong balance sheet and robust net cash values amidst industry-wide challenges.
ASMPT CEO Robin Ng praised Ms Xu’s leadership and expertise, stating, “Katie’s financial acumen and strategic insight have been invaluable during a time of both challenge and opportunity for our industry. Her promotion to Executive Vice President reflects her exceptional contributions to ASMPT, and I am confident she will play a critical role in driving our future success.”
Expressing her gratitude, Ms Xu said, “It has been an honour to be part of the leadership team guiding this remarkable company. ASMPT holds a pivotal role in the semiconductor and electronics manufacturing ecosystem, supporting customers who create the technologies that define our modern digital world. I am deeply grateful for this recognition and look forward to continuing to work with my colleagues to make a meaningful impact.”
ASMPT continues to strengthen its leadership team as it navigates the evolving landscape of semiconductor and electronics manufacturing, reinforcing its position as an industry leader committed to innovation, operational excellence, and sustainable growth.