Verizon names Hans Vestberg as Chairman

Verizon Communications' Board of Directors elected Hans E. Vestberg as chairman, effective March 8, 2019, replacing Lowell C. McAdam, who is retiring. In addition, the Board elected Clarence Otis, Jr., as lead director, effective March 8, 2019. Otis will succeed M. Frances Keeth, who is retiring from the Board in May in accordance with the Board’s mandatory retirement policy. Vestberg has been CEO since Aug. 1, 2018, with responsibility for all...

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ST to acquire Norstel for silicon carbide (SiC) wafers

STMicroelectronics agreed to acquire a majority stake in Norstel AB, a silicon carbide (SiC) wafer manufacturer. Norstel, headquartered in Norrkoping, Sweden, was founded in 2005 as a spinoff of Linköping University. It develops and manufactures advanced 150mm silicon carbide bare and epitaxial wafers. ST said the deal enables it to control the entire supply chain for a portion of its SiC devices at a time of constrained global capacity and positions...

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Lumentum appoints CFO

Lumentum announced the appointment of Wajid Ali as Executive Vice President and Chief Financial Officer (CFO), replacing Christopher Coldren who had been serving as the company's Interim Chief Financial Officer since June 2018. Ali joins Lumentum from Synaptics, where he served as Senior Vice President and Chief Financial Officer.  Prior to that, he was Vice President and Controller of Teledyne Technologies, after having served as Chief Financial...

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