 MagnaChip Semiconductor Corporation MagnaChip or Company NYSE: MX today announced the appointment of Camillo Martino as its new nonexecutive Chairman of the Board of Directors the Board, effective June 11, 2020, immediately following MagnaChips upcoming Annual Meeting of Stockholders. Mr. Martino succeeds Nader Tavakoli as the Companys Chairman. Mr. Tavakoli will remain a director on the Companys Board and continue to serve as a member of the Audit, Compensation and Risk Committees. Mr. Tavakoli joined MagnaChips Board in 2009 and has served as its nonexecutive Chairman since late 2018, shortly before the Companys announcement that it would undertake a strategic review. 