04:15 AM EDT, 10/29/2025 (MT Newswires) -- Kulicke & Soffa Industries (KLIC) said late Tuesday that Fusen Chen will be retiring as president and chief executive, effective Dec. 1, due to health reasons.

Effective immediately, the board has appointed Lester Wong, the company's chief financial officer, as its interim CEO. Chen will serve as a board adviser for 12 months following the effective date, the company said.

The board will look at internal and external candidates to identify the next permanent CEO.

Shares of the company were 1.4% lower in recent premarket activity on Wednesday.

Price: 40.40, Change: -0.59, Percent Change: -1.44