On August 6, 2025, Ultra Clean Holdings, Inc. announced the appointment of Jinsong Xiao as the new CEO effective September 2, 2025, succeeding Clarence Granger who will become the Chairperson. Xiao's compensation includes a $710,000 salary, $600,000 sign-on bonus, and $5,000,000 in equity, while also promoting Christopher Cook to Chief Business Officer with a salary of $595,000.