Following his retirement, Mr. Seiler will continue to serve as board member of u-blox, providing advice to the company. He will chair a newly formed strategy committee.

Mr. Zizala is an industry expert with more than 20 years of management and engineering experience focused on microcontroller and power semiconductors as well as global customer experience in the industrial and automotive sectors.

Mr. Zizala joins u-blox from Infineon Technologies AG. From 2009 to 2014, Mr. Zizala managed the "Industrial and Multimarket Microcontroller" prod¬uct area and then took over the management of the "Automotive High Power" business unit, which is responsible for power semiconductors for electric vehicles, among other things. Under Mr. Zizala's leadership, this business unit realized significant growth and gained a leading market position. Mr. Zizala studied and received his doctorate in electrical engineering and information technology at the technical university in Munich.

During his 20 years as CEO of u-blox, Mr. Seiler has transformed the Company into a leading global provider of wire¬less communications technology for positioning and connectivity. Under his leadership, u-blox developed into a global organization with subsidiaries in 32 countries and 1,300 employees worldwide. With a distinctive solutions’ approach for industrial and automotive customers, a global market presence, innovative research and development and an active acquisition strategy, u-blox today is strongly anchored in all continents and serves more than 12,000 customers worldwide.

"u-blox has become a leading provider of positioning and connectivity technology for the automotive and industrial markets. Given the strong position with all our stakeholders, I consider the timing ideal to now initiate the succession at the top of u-blox. We are pleased to have Stephan, a highly accomplished executive and a proven leader with an extensive experience in semiconductor technology in both the industrial and automotive markets, joining our team. We are grateful for the outstanding leadership Thomas has provided to u-blox over the years. His initiatives and dedicated leadership are the basis of u blox's success and culture. We are grateful that he will continue to support u-blox' strategic development as a member of the Board of Directors and ensure continuity of the transition at the top," said André Müller, Chairman of the Board of u blox.