Qorvo, a leading global provider of connectivity and power solutions, has announced the results of its board refreshment process, appointing Richard L. Clemmer and Christopher R. Koopmans as new independent members of its board of directors. Additionally, David H. Y. Ho, who was not standing for reelection at the company’s 2025 annual meeting of stockholders, will retire from the board, resulting in an increase in the number of independent directors on Qorvo's board to eight out of nine.
The newly appointed directors bring significant industry and operating experience to the board. Richard L. Clemmer, a global leader in the semiconductor, electronics, and software industries, has an impressive track record of shareholder value creation. Christopher R. Koopmans, on the other hand, is a seasoned executive with 25 years of experience in the technology industry, currently serving as the Chief Operating Officer of Marvell Technology, a publicly-traded semiconductor company.
In the press release, Dr. Walden C. Rhines, Chairman of Qorvo’s board of directors, expressed confidence in the valuable additions of Clemmer and Koopmans to the board, highlighting their respective and complementary insights that will serve Qorvo and its shareholders well as the company continues executing its growth and diversification strategy.
The changes to the board reflect Qorvo’s commitment to refreshing the board with new independent directors who bring the necessary skillsets to oversee the company’s strategic direction. Notably, with these appointments, three out of nine directors will have joined the Qorvo board within the last six months, indicating a significant shift in the composition of the board.
The retirement of David H. Y. Ho from the board was also acknowledged with gratitude by Dr. Rhines, who extended appreciation for Ho's years of service, expertise, and perspectives.
These changes in the board composition come at an important time for Qorvo as it continues to focus on executing its growth and diversification strategy to expand margins, generate strong free cash flow, and increase value for its shareholders. The market has reacted to these announcements by moving the company's shares 0.1% to a price of $59.02. Check out the company's full 8-K submission here.
