Alpha and Omega Semiconductor Limited announced that its Board of Directors approved a leadership transition plan in which Dr. Mike Chang, currently Chief Executive Officer and Chairman of the Board, will serve as Executive Chairman of AOS, and he will transition the role of Chief Executive Officer to Mr. Stephen Chang, currently the President of AOS. The leadership transition will be effective on March 1, 2023. Dr. Chang founded AOS more than 22 years ago and has led a dedicated and talented team to create and expand one of the most successful and well-recognized fast-growing power semiconductor companies in the world.

As a full-time Executive Chairman, Dr. Chang will continue to be deeply involved in AOS by focusing more on strategic matters such as key relationships with critical partners and customers of AOS and technology development essential to ensure sustained and long-term growth. Dr. Chang will also continue to serve as Chairman of the Board. Stephen Chang will be appointed Chief Executive Officer and continue to lead AOS to realize and achieve its business and financial objectives.

As Chief Executive Officer, Stephen will take on additional management responsibilities for all aspects of AOS's business operations, including finance, human resources, and legal compliance. Stephen will continue to execute strategies that have resulted in the many accomplishments of AOS in recent years, including successes in product diversification, technology development, Tier 1 customer partnerships and supply-chain management.