Alphawave IP Group PLC ALPHAWAVE IP GROUP PLC ANNOUNCES CFO TRANSITION (3443Y)
04 Mayo 2023 - 1:00AM
UK Regulatory
TIDMAWE
RNS Number : 3443Y
Alphawave IP Group PLC
04 May 2023
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ALPHAWAVE IP GROUP PLC ANNOUNCES CFO TRANSITION
LONDON, United Kingdom and TORONTO, Ontario, Canada 04 May 2023
- Alphawave IP Group Plc (LSE: AWE, the "Company" or "Alphawave
Semi") today announces that its Chief Financial Officer (CFO),
Daniel Aharoni will step down from the Company.
The Board has agreed with Daniel Aharoni that he will step down
as CFO and as an Executive Director of the Company following the
publication of the audited results of the Company for FY 2022,
anticipated to be on or before 12 May 2023. The Board will now
begin the search for his successor. In the interim, Christian
Bowsher, Senior Director of Finance at Alphawave Semi, will serve
as acting CFO to support John Lofton Holt and Tony Pialis to enable
an orderly transition. Christian is an experienced member of
Alphawave Semi's finance organisation, and he will be further
supported by Raj Mahadevan, co-Founder and SVP of Operations, who
managed the finance function from 2017 to 2021. Further updates
will be provided in due course.
John Lofton Holt, Executive Chairman of Alphawave Semi, said:
"Daniel has been a key part of our journey since our IPO in 2021
and during the three transformational acquisitions we undertook in
2022. On behalf of the Board, I would like to thank Daniel for his
contributions and wish him all the best for the future."
Supplementary information
Daniel Aharoni will be treated in accordance with Alphawave
Semi's shareholder approved Directors' Remuneration Policy. He will
not be eligible for a bonus or long-term incentive award for the
2023 financial year. Any outstanding deferred bonuses will continue
to be payable in accordance with their terms. All long-term
incentive awards will lapse in full. Daniel Aharoni will be subject
to post-employment shareholding requirements as set out in the
Director's Remuneration Policy, and as approved by shareholders.
Full details will be disclosed in the Directors' Remuneration
Report for the financial year ended 31 December 2023.
About Alphawave Semi (LSE: AWE)
Alphawave Semi is a global leader in high-speed connectivity for
the World's technology infrastructure. Faced with the exponential
growth of data, Alphawave Semi's technology services a critical
need: enabling data to travel faster, more reliably and with higher
performance at lower power. We are a vertically integrated
semiconductor company, and our IP, custom silicon, and connectivity
products are deployed by global tier-one customers in data centres,
compute, networking, AI, 5G, autonomous vehicles, and storage.
Founded in 2017 by an expert technical team with a proven track
record in licensing semiconductor IP, our mission is to accelerate
the critical data infrastructure at the heart of our digital world.
To find out more about Alphawave Semi, visit: awavesemi.com.
Alphawave Semi and the Alphawave Semi logo are trademarks of
Alphawave IP Group plc. All rights reserved.
Contact Information
Alphawave Semi John Lofton Holt, Executive ir@awavesemi.com
Chairman +44 (0) 20 7717 5877
Jose Cano, Head of IR
---------------- ---------------------------- -----------------------------
Brunswick Group Simone Selzer alphawave@brunswickgroup.com
Sarah West +44 (0) 20 7404 5959
---------------- ---------------------------- -----------------------------
Gravitate PR Lisette Paras alphawave@gravitatepr.com
Siddarth Nigam +1 415 528 0468
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