ON Semiconductor Announces New CEO
Hassane El-Khoury, the former chief executive officer and president of Cypress Semiconductor, has been named the new CEO and president of ON Semiconductor.
Arizona-based semiconductor manufacturer ON Semiconductor announced last week that Hassane El-Khoury has been named its new president and CEO. El-Khoury also joined ON Semiconductor’s board of directors.
El-Khoury previously served as president and CEO of Cypress Semiconductor, which was acquired by German semiconductor giant Infineon earlier this year.
Hassane El-Khoury is the new president and CEO of ON Semiconductor, appointed in December 2020. (Photo source: ON Semiconductor)
The announcement comes three months after longtime ON Semi president and CEO Keith Jackson announced his retirement in September. Jackson, who had been ON Semi’s CEO since 2002, will continue as an advisor to ON Semi until May 2021, assisting with the leadership transition.
In the announcement, El-Khoury praised ON Semi’s broad product portfolio, with “essential silicon building blocks to enable customer solutions in its target markets.” He added, “I’m passionate about enabling customer success and excited to build on the company’s foundation to provide superior systems solutions spanning the automotive, industrial, cloud power and IoT markets, while enhancing financial performance.”
Alan Campbell, chairman of ON Semi’s board of directors, wrote in the announcement that El-Khoury’s appointment followed an internal and external search to find “an experienced CEO who understands the transformation underway within our industry and to expand our leadership position in target secular growth markets, accelerate revenue, gross margin and earnings growth, and enhance stakeholder value.”
Image courtesy of ON Semiconductor.
Campbell said El-Khoury emerged as the clear leader to serve ON Semi’s customers, partners, employees and other stakeholders.
El-Khoury first joined California-based Cypress Semiconductor in 2007 as an application engineer, then rising through the ranks through a series of leadership roles, including senior business development manager, automotive business unit director, and executive vice president of the programmable systems division. Cypress appointed him president, CEO and member of the board of directors in August 2016.
Under El-Khoury’s tenure, Cypress was acquired by Infineon in a $9.9 billion deal to boost the German semiconductor manufacturer’s automotive chip segment. The acquisition was announced in 2019 and passed final regulatory approval in April 2020.
Before joining Cypress, El-Khoury was a senior design engineer at auto electronics supplier Continental Automotive Systems from 1999 to 2007. There, El-Khoury was responsible for North American manufacturing in electronics brake system designs.