CHARTERED PROMOTES MIKE REKUC TO SVP, WORLDWIDE SALES AND MARKETING, STRENGTHENING CUSTOMER RELATIONSHIP FOCUS
30-year industry veteran and respected customer advocate to drive expansion of worldwide customer base
SINGAPORE and MILPITAS, Calif. - August 19, 2003 - Chartered Semiconductor Manufacturing
(NASDAQ: CHRT and SGX-ST: Chartered), one of the world's top three dedicated silicon foundries, today announced
the promotion of Mike Rekuc to senior vice president of worldwide sales and marketing. He reports directly to
Chia Song Hwee, president and CEO, and is in the process of relocating to Singapore. Rekuc replaces Bruno Guilmart,
who left Chartered to take a chief executive position with another company.
In his new role, Rekuc oversees Chartered's worldwide sales, marketing, services, customer support and regional
business operations. His organization also has responsibility for definition of the company's design solutions -
including its EDA, IP and design services offerings. Rekuc will focus on strengthening customer relationships and
expanding the customer base, while executing on Chartered's stated strategy of winning more "first source" business
by capitalizing on the progress Chartered has made at the leading edge. Rekuc previously served as president of
Chartered's Americas region, which represents approximately 60 percent of the company's business.
"As we continue to execute on our near-term and long-term priorities, Chartered is fortunate to have a leader like
Mike with a proven track record of winning business and building strong, lasting customer relationships," said
Chia. "Mike truly understands the needs and challenges of today's customers. Under Mike's leadership, Chartered
Americas has achieved some significant customer wins, and he is well regarded for his work with our customers.
Mike has been an integral part of the senior management team that has set the strategy for transforming Chartered
from being a process-only company to a manufacturing partner that provides complete and flexible solutions. I look
forward to seeing him continue to drive our organization to the next level."
Rekuc draws on more than 30 years of semiconductor industry experience across all facets of the semiconductor
supply chain, from wafer fabrication to process engineering and design. Rekuc began his semiconductor career in
1971 as a semiconductor specialist working as a civilian for the United States Navy. Five years later, Rekuc
joined Motorola Inc. as a technical components engineer. During his 22-year career with Motorola, he held
various positions in sales and management in the Semiconductor Product Sector, including worldwide responsibilities
as global sales director for wireless subscriber systems and vice president and sales director for PC, computing
and peripherals. Rekuc joined Chartered in January 1999.
"This is an exciting time for Chartered. We continue to gain momentum at the leading edge and leverage our strategic
alliances for key technologies resulting in strong value propositions for our customers," said Rekuc. "Being located
in Singapore, I can assure the strongest possible communication of our customers' needs to Chartered's executive team,
at the point where the key decisions are made. My new role affords me an opportunity to have a profound impact on the
way Chartered works with our customers and addresses their needs."
About Chartered
Chartered Semiconductor Manufacturing, one of the world's top three dedicated silicon foundries, is forging a customized
approach to outsourced semiconductor manufacturing by building lasting and collaborative partnerships with its customers.
The Company provides flexible and cost-effective manufacturing solutions for customers, enabling the convergence of
communications, computing and consumer markets. In Singapore, Chartered operates five fabrication facilities and has a
sixth fab, which will be developed as a 300mm facility.
A company with both global presence and perspective, Chartered is traded on both the Nasdaq Stock Market (Nasdaq: CHRT)
and on the Singapore Exchange (SGX-ST: CHARTERED). Chartered's 3,500 employees are based at 11 locations around the
world. Information about Chartered can be found at www.charteredsemi.com.
Chartered Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including without limitation, statements relating strengthening of customer relationships and expanding the customer base, winning more first source business and the transformation of Chartered from being a process-only company to a manufacturing partner are subject to certain risks and uncertainties, which could cause actual results to differ materially. Among the factors that could cause actual results to differ materially are changes in market outlook, trends and customer demands. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained. In addition to the foregoing factors, a description of certain other risks and uncertainties which could cause actual results to differ materially can be found in the section captioned "Risk Factors" in our Annual Report on Form 20-F and our First Quarter 2003 Quarterly Report on Form 6-K filed with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
