Leadership Shift at Ultra Clean Holdings Aims to Navigate Market Challenges

Ultra Clean Holdings has appointed a new Chief Executive Officer amid a period of significant operational headwinds. James Xiao, a seasoned executive with over twenty years of experience in the semiconductor, solar, and display industries, assumed the role on Monday. He joins the company from Applied Materials, where he managed multi-billion dollar business units. This leadership transition occurs as the semiconductor equipment supplier contends with profit declines and a stock depreciation exceeding 40% since the start of the year.

Clarence Granger, Chairman of the Board at Ultra Clean, highlighted Xiao’s proven expertise in executing large-scale expansion initiatives, suggesting these skills are precisely what the company requires for its turnaround. In a complementary move to strengthen its executive team, the firm also appointed Chris Cook to the position of Read more...