Diodes Incorporated, an electronic parts supplier who’s U.S. corporate headquarters are based in Plano, announced today has promoted Gary Yu to CEO and chairman of the board of directors effective Jan. 2 as part of a multi-year CEO succession plan.
In his position as president, Yu will work closely with current president and CEO Keh-Shew Lu, who has held the positions since 2020 and 2005, respectively. Lu will continue overseeing the company, strategic direction and acting as primary liaison between the company and board of directors until at least May 31, 2027 per his current employment agreement, while all executive officers and regional presidents will report to Yu, according to a press release.
“Gary has been an integral part of the Diodes’ organization since joining in 2008 from Lite-On Semiconductor and has risen in rank and responsibility since that time. He has been a reliable and trusted partner for the executive team and myself related to the strategic and operational decisions at the Company,” Lu said in a press release. “Over his tenure, Diodes has evolved significantly from a product-focused company to a total solutions sales approach, reaching $2 billion in revenue last year. His extensive and in-depth knowledge of Diodes’ business, customers and manufacturing operations provides a valuable foundation for his expanded roles as a key executive leader.”
Yu has been serving as chief operating officer of the company since February 2023 and working for the company since 2008. Before coming to Diodes Incorporated, he spent over 10 years at Lite-On Semiconductor as vice president of worldwide sales after working at Texas Instruments. Yu holds a bachelor’s degree from Fu-Jen University in Taiwan, a master’s degree in telecommunication engineering from Southern Methodist University and an MBA from University of Dallas.
“I am honored and excited to have the opportunity to lead our talented global team in this new capacity. Building on the Company’s strong foundation of operational excellence, I am passionate about developing a broad portfolio of innovative products to enable customer success in the various markets we serve,” Yu said in a press release. “Together with the team, we are energized by the opportunities ahead of us and are committed to driving the next stage of growth, financial performance and value creation for all of our shareholders, employees, customers and partners alike.”