ASML Names Peter Wennink as New CEO, Announces Share Buyback

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ASML Holding NV, Europe’s largest semiconductor-equipment supplier, named finance director Peter Wennink chief executive officer as it announced a 1 billion-euro buyback and first-quarter profit that beat estimates.

Eric Meurice, 56, whose contract as CEO was set to end next year, will give up that job July 1 and become chairman, the Veldhoven, Netherlands-based company saidBloomberg Terminal today.