2 April 2024
Filtronic
plc
("Filtronic")
Directorate
Change
Filtronic plc announces
appointment of Nat Edington as CEO following the retirement of
Richard Gibbs
Filtronic plc (AIM: FTC), the
designer and manufacturer of products for the aerospace, defence,
space and telecoms infrastructure markets, announces that Richard
Gibbs, the Company's Chief Executive Officer ("CEO"), has informed
the Company of his decision to step down from executive
responsibilities at the end of the current financial year. Richard
will relinquish his role of CEO and board member with effect from
13 May 2024 but will continue to be available to support the growth
ambitions of the Company until November 2024.
Following the conclusion of a
rigorous selection process by the Nomination Committee, the Company
is pleased to announce that Nathaniel ("Nat") Edington has been
appointed as the Group's new Chief Executive. Nat will assume the
role of CEO and join the Board on 13 May 2024. In the meantime, he
will work closely with Richard to ensure an orderly
handover.
Nat brings a wealth of experience of
both public and private technology companies. He has held a number
of senior executive positions in the high technology and
semiconductor industry, and was latterly CEO at Dukosi Ltd, where
he led the business from early stage to global technology leader.
Previously, Nat was CEO of Cambridge CMOS Sensors, and has held
executive leadership positions at AMS AG and Wolfson
Microelectronics, where he led the businesses through periods of
rapid growth as well as a non-executive position at AIM-listed
Concurrent Technologies plc. Nat has considerable knowledge and
experience of the sector and the markets in which Filtronic operate
and has demonstrated excellent leadership qualities aligned with
Filtronic's people-focused culture, and drive for
growth.
Jonathan Neale, Chair of Filtronic, said:
"On behalf of the Board, I would like to thank
Richard for his significant contribution over the last three and a
half years. His passion and dedication will be missed by everyone
at Filtronic, and we wish him the very best as he transitions to
the next phase of his career. I am delighted to be able to announce
Nat's appointment as CEO. During our selection process it was clear
that Nat's understanding of Filtronic, its markets and potential,
make him the ideal leader to replace Richard. We are confident that
he will work, together with the excellent Executive Team, to lead
Filtronic through the next phase of its growth
trajectory."
Enquiries:
|
Filtronic plc
|
Tel. 01740 618800 or investor.relations@filtronic.com
|
|
Richard Gibbs (Chief Executive
Officer)
|
|
|
Michael Tyerman (Chief Financial
Officer)
|
|
|
Cavendish Capital Markets Limited
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Tel. 020 7220 0500
|
|
Jonny Franklin-Adams/George
Dollemore (Corporate Finance)
|
|
Sunila de Silva (ECM)
|
|
|
Walbrook PR Limited
|
Tel. 020 7933 8780 or filtronic@walbrookpr.com
|
|
Paul Vann
Joe Walker
|
Mob. 07768 807 631
|
The information communicated in this announcement is inside
information for the purposes of Article 7 of EU Regulation
596/2014.
As required under Schedule Two,
Paragraph (g) of the AIM Rules for Companies, further disclosures
on Nathaniel Edington are as follows:
|
Full Name
|
Nathaniel Edington
|
|
Age
|
54
|
|
Current beneficial shareholding in
the Group
|
None
|
|
Current Directorships
|
Former Directorships (previous five years)
|
|
Ceres Holographics
Limited
Concurrent Technologies
plc
|
Dukosi Limited
|