Ichor Holdings, Ltd. (NASDAQ: ICHR), a key supplier of fluid delivery subsystems for semiconductor equipment, announced Monday that Chief Executive Officer Jeff Andreson will step down following the appointment of his successor. The Board of Directors will initiate an external search to identify a new CEO.
Andreson, who has led the company since 2020 and joined in 2016, will remain in his current role until a successor is appointed. He will then serve as Executive Advisor to Ichor through August 2026 to support a smooth leadership transition.
“Throughout my years at Ichor and since becoming CEO, we have transformed into a diversified leader in fluid delivery,” said Andreson. “From an expanded product portfolio to a broader customer base and entry into new markets, the progress reflects the dedication of our employees.”
Under Andreson’s leadership, Ichor has strengthened its intellectual property, expanded its manufacturing footprint globally, and extended its presence beyond the semiconductor industry. He also played a central role in integrating five acquisitions and recapitalizing the business during a period of market volatility.
Board Chairman Iain MacKenzie expressed appreciation for Andreson’s leadership, highlighting his strategic and operational contributions. “Jeff’s impact has been significant, and we are pleased he will continue to support the company during this transition,” MacKenzie said. “Our focus now is to identify a new CEO with a strong track record of scaling operations and driving growth.”
Ichor did not provide a timeline for naming the new chief executive but emphasized its commitment to a seamless transition and continued strategic execution.
