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BE SEMICONDUCTOR : Besi Announces Supervisory Board Nomination

03/13/2012 | 02:32am US/Eastern
Corporate News 13 Mar 2012 Besi Announces Supervisory Board Nomination

Duiven, the Netherlands, March 13, 2012, BE Semiconductor Industries N.V. ("the Company" or "Besi") (Euronext: BESI; OTCQX: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced the nomination of Ms Mona ElNaggar for appointment as Supervisory Board member at the Annual General Meeting of Shareholders to be held on April 25, 2012 in Duiven, the Netherlands.

Ms ElNaggar (44) has extensive experience in the area of international finance with particular expertise in asset management, technology investment banking, international mergers and acquisitions, and securitized products. Ms ElNaggar is currently Managing Director and Head of the London office for The Investment Fund for Foundations (TIFF), a fund-of-funds manager working exclusively with American charities, endowments and foundations. Ms ElNaggar previously founded and ran a private importer of Middle Eastern jewelry. Prior to that, she was an Executive Director at Morgan Stanley where she worked in Technology Corporate Finance, Mergers and Acquisitions and Securitized Products. As a technology banker, Ms ElNaggar's expertise was in advising semiconductor and semiconductor capital equipment clients, including ARM, ASML and STMicroelectronics. Ms ElNaggar, a US and UK citizen, has a B.A. in Economics from the University of Chicago and an MBA from Stanford University Graduate School of Business. Ms ElNaggar replaces Mr Kin Wah Loh who will resign his Supervisory Board position at the next Annual General Meeting of Shareholders as announced previously.

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