SAN JOSE, Calif. ASM International N.V.'s subsidiary, ASM Pacific Technology Ltd., has announced that Patrick Lam, managing director and chief executive, is officially retiring from ASM Pacific and ASMI by year's end.
W.K. Lee, currently managing director of ASM Pacific's southern region, will assume the position of CEO of the backend-equipment supplier, effective January 1.
ASMI (Bilthoven, the Netherlands), which also announced its results, has a 54 percent stake in ASM Pacific. Effective January 1, ASM Pacific's executive office will be composed of Peter Lo, vice chairman; Lee, CEO; and James Chow, COO.