Kulicke and Soffa Industries, Inc. Announces the Retirement of Executive Vice President & General Manager, K&S Products & Solutions

Rhea-AI Summary

Kulicke and Soffa (NASDAQ: KLIC) announced that Chan Pin Chong, Executive Vice President & General Manager, K&S Products & Solutions, will retire effective December 1, 2025 to spend more time with family.

Effective immediately, Ivy Qin, Vice President & General Manager of Wire Bonding, and John Molnar, Vice President & General Manager of Advanced Solutions, will report directly to CEO Fusen Chen. Both have over two decades of service and will take on expanded reporting responsibilities.

Positive

• Planned retirement date announced: December 1, 2025
• Two internal leaders promoted to report directly to CEO immediately
• Successors each have over 20 years of company experience

Negative

• Departure of an executive vice president could create short-term leadership gap

SINGAPORE, Oct. 14, 2025 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company") today announced that Chan Pin Chong, Executive Vice President & General Manager of K&S Products & Solutions, will retire effective December 1, 2025, to dedicate more time to his family.

Fusen Chen, President and Chief Executive Officer, shared, "On behalf of everyone at K&S, I sincerely thank Chan Pin for his exceptional leadership and steadfast dedication during his years with us. He has been instrumental in advancing innovation and achieving operational excellence in our portfolio. His vision and commitment have made a significant and lasting difference to our company and people. We wish him the very best as he begins his well-earned retirement."

Additionally, the Company today announced that effective immediately, Ivy Qin, Vice President & General Manager of Wire Bonding, and John Molnar, Vice President & General Manager of Advanced Solutions, will report directly to Fusen. Dr. Qin and Mr. Molnar have dedicated over two decades to K&S, progressing from innovative development roles to their current segment leadership positions.

Dr. Chen continued, "Ivy and John are seasoned strategic leaders that each have deep understandings of our products, our markets and the needs of our customers. I look forward to working even more closely with them as we deliver high-quality innovative solutions that help our customers across our key markets overcome dynamic process challenges."

About Kulicke & Soffa

Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.

Contacts

Kulicke & Soffa
Marilyn Sim
Public Relations
+65-6880 9309 
msim@kns.com

Kulicke & Soffa
Joseph Elgindy 
Finance 
+1-215-784-7500 
investor@kns.com

View original content:https://www.prnewswire.com/news-releases/kulicke-and-soffa-industries-inc-announces-the-retirement-of-executive-vice-president--general-manager-ks-products--solutions-302583551.html

SOURCE Kulicke & Soffa Industries, Inc.

FAQ

Who is retiring from Kulicke and Soffa (KLIC) and when is the retirement effective?

Chan Pin Chong, Executive Vice President & General Manager of K&S Products & Solutions, will retire effective December 1, 2025.

Which Kulicke and Soffa executives will report directly to CEO Fusen Chen after October 14, 2025?

Effective immediately, Ivy Qin (Wire Bonding) and John Molnar (Advanced Solutions) will report directly to CEO Fusen Chen.

What experience do Ivy Qin and John Molnar have at Kulicke and Soffa (KLIC)?

Both Ivy Qin and John Molnar have each served for over two decades in development and segment leadership roles at the company.

Will Kulicke and Soffa (KLIC) name a replacement for Chan Pin Chong before December 1, 2025?

The announcement specifies Chan Pin Chong’s retirement date and that Ivy Qin and John Molnar now report to the CEO; no replacement timeline was provided.

How might Chan Pin Chong’s retirement affect KLIC shareholders in the near term?

The company presented internal succession and continued leadership reporting; the announcement did not provide financial guidance or operational targets.