The president and chief operations officer of microchip assembly and test company Amkor Technology Inc. will become CEO later this year, as part of a succession plan the company announced Monday.
The Chandler, Ariz.-based company said Ken Joyce will become CEO and president effective Oct. 1. He will also join the company's board of directors.
The company's current founder, chairman and CEO, James Kim, will become executive chairman of the board of directors.
Joyce joined Amkor in 1997 and worked as executive vice president and chief financial officer for eight years until becoming chief administrative officer in 2007. He became chief operating officer in February 2008, and president in May 2008.
Company officials did not immediately return calls seeking comment.
Shares rose 19 cents, or 4.21 percent, to close at $4.70 for the day.
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