Sancode Technologies has appointed industry veteran Jerry A. Agnes as CEO of its subsidiary, Sancode Semi, effective October 15, 2026. Agnes is tasked with leading the setup of the company's new OSAT semiconductor facility in Bhubaneswar, Odisha. With over 35 years of experience, including founding roles in major OSAT projects, his appointment signals a strategic push to accelerate the firm's greenfield manufacturing ambitions.
Sancode Technologies Appoints Semiconductor Veteran as Sancode Semi CEO
- Appointment: Jerry A. Agnes named CEO of Sancode Semi Private Limited.
- Effective Date: October 15, 2026.
Reader Takeaway: Experienced leadership bolsters semiconductor ambitions, though execution of the Odisha greenfield project remains the primary operational hurdle.
What just happened
Sancode Technologies Limited has officially appointed Jerry A. Agnes as the Chief Executive Officer of its subsidiary, Sancode Semi Private Limited. This leadership change is specifically designed to drive the company’s strategic expansion into the semiconductor manufacturing space. Mr. Agnes assumes his role on October 15, 2026, with a clear mandate to lead the establishment and operational launch of the company’s new Outsourced Semiconductor Assembly and Test (OSAT) facility. This facility is slated to be located at Info Valley - II in Bhubaneswar, Odisha.
Why this matters
The appointment is a significant move for Sancode as it enters the complex semiconductor manufacturing sector. By bringing in a leader with deep industry roots, the company aims to reduce execution risks associated with greenfield projects. The Odisha facility is a cornerstone of the firm's growth strategy, and having a CEO with dedicated OSAT experience is intended to provide the necessary expertise to navigate construction, regulatory requirements, and operational ramp-up.
The professional background
Mr. Agnes brings over 35 years of experience in the global semiconductor landscape. His track record includes serving as the founding CEO of CG Semi Private Limited, where he led the development of a major Indian OSAT facility. His background also includes a stint as Country Manager and President of Amkor Technology Philippines Inc., where he managed operations generating over USD 700 million in annual revenue with a workforce of 10,000 employees. He has also held key positions at global technology firms including Advanced Micro Devices and Analog Devices Inc.
What to track next
Investors should monitor the timeline for the Bhubaneswar project, specifically the construction milestones and the procurement of necessary technology infrastructure for the OSAT facility. The ability of the new leadership team to meet project deadlines will be a key performance indicator for shareholders in the coming quarters.