Magnachip Semiconductor Corporation announced the retirement of Director Ilbok Lee from the Company's Board of Directors.
Dr. Lee has served on the Board since August 2011, contributing significantly to strategic, operational, and governance matters.
His retirement will be effective at the next scheduled Board meeting on January 14, 2026.
Dr. Ilbok Lee's Retirement
Dr. Lee, a respected Board member since 2011, is retiring due to personal reasons, leaving a notable impact on Magnachip.
Contributions to the Board
Dr. Lee played key roles, including Chair of the Nominating and Corporate Governance Committee, bringing valuable insight to discussions.
Company Acknowledgement
Magnachip's Chairman praised Dr. Lee's lasting contributions, guidance, and integrity during his 14-year tenure.
- Dr. Ilbok Lee's retirement marks a significant change in Magnachip's Board composition and leadership structure.
- The Company will need to fill Dr. Lee's roles and find a new member with similar expertise to maintain governance standards.
Dr. Ilbok Lee's retirement signals a shift in leadership at Magnachip Semiconductor Corporation, highlighting the valuable contributions of a longtime Board member.