Chief strategy officer Frits van Hout will retire from ASML upon completion of his current appointment term, which ends 29 April 2021. The Veldhoven company didn’t appoint a successor, distributing Van Hout’s responsibilities over the remaining five management board members.
After serving with ASML intermittently from 1984, Van Hout was appointed to the board of management in 2009 as chief marketing officer. In 2013, he became chief program officer to the development of the EUV business, bringing it to a level where EUV was widely accepted. In April 2018, he assumed the role of chief strategy officer, focusing on strategy and strategic supplier relations.
ASML further announced that Carla Smits-Nusteling and Douglas Grose will retire as members of the supervisory board at the end of their current terms. The supervisory board intends to nominate only one successor: Birgit Conix, who most recently served as CFO of travel company TUI.