Soitec: Paul Boudre Hands Over CEO Role to Pierre Barnabé

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The three-month transition has ended. Pierre Barnabé has succeeded Paul Boudre as the new CEO of Soitec.

www.eetasia.com, Aug. 02, 2022 – 

Pierre Barnabé has become the new CEO of Soitec on Tuesday, July 26. He succeeds Paul Boudre, in place since 2015.

The three-month transition has ended. Boudre has handed over the reins of Soitec to Barnabé, former senior executive vice president, group security officer, and global head of big data and cybersecurity at Atos, to continue the company's growth trajectory.

At a recent press conference in Paris, Barnabé said his leadership will be built around three missions:

R&D and innovation

Industry

Value creation and growth

Vision

Under Barnabé's leadership and vision, Soitec expects to open the next chapter of growth as set out in the 2026 strategic roadmap.

Soitec CEO Pierre Barnabé

In June 2021, Soitec unveiled the group's financial objectives for 2026, "which are a tangible reflection of its robust, profitable, and sustainable growth trajectory begun five years ago."

Basically, Soitec predicted that growth on its addressable markets would continue to accelerate, from about 3 million substrates to over 7 million substrates by 2026. And by continuing to strengthen its foothold on the mobile, automotive, and industry markets, the Bernin-based group said it expects to triple its revenue to about US$2.3 billion and an EBITDA margin target of about 40% by fiscal year 2026.

To support its growth and strategic priorities, Soitec has defined a five-year capital expenditure program of approximately €1.1 billion.

"The defined strategy is the right one," said Barnabé during the press conference. "There have been some remarkable acquisitions, notably in silicon carbide, which have enabled us to be ahead [of competition]. We will pursue acquisitions to strengthen the strategy."

Barnabé joined Atos in 2015 as senior EVP, in charge of big data and cybersecurity. From 2019 to May 2022, he was responsible for the public sector & defense and manufacturing industry, overseeing multibillion-euro revenues and more than 11,000 employees worldwide. Prior to joining Atos, he was COO at Bull, acquired by Atos in 2014.

"I have 20 years of experience in the telecom, defense, civil, and service markets, as well as 10 years in electronics," said Barnabé. "When I arrived at Bull, we ranked fifth or sixth worldwide in the supercomputer business. Today, we rank second in the world."

Boudre and Barnabé have different backgrounds and experiences. "I come from the industry and bring complementarity, more in the electronic processors part than in the substrate part," said Barnabé. "One of Soitec's great specialties is to talk with customers, with the world of applications, and to understand what the needs are to add more intelligence to substrates and make them more energy-efficient."

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