AEM CEO Amy Leong resigns a year after appointment

Semiconductor testing equipment manufacturer AEM Holdings announced on July 27 the resignation of its chief executive Amy Leong on the same day.

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Ms Leong, who held the post for slightly more than a year, was replaced by Mr Samer Kabbani, the group's president and chief technology officer, from July 28.

In a regulatory filing on the night of July 27, AEM cited "board-led leadership realignment for growth" as the reason for Ms Leong's resignation.

The filing indicated that there are no unresolved differences in opinion on material matters between Ms Leong and the board of directors, including matters that would have a material impact on the group or its financial reporting.

To assist with the transition, Ms Leong will continue as a senior adviser to AEM, the company said in the filing.