Surface Transforms PLC Appointment of new Chief Operating Officer (8618A)
30 Mayo 2023 - 1:00AM
UK Regulatory
TIDMSCE
RNS Number : 8618A
Surface Transforms PLC
30 May 2023
30 May 2023
Surface Transforms plc
("Surface Transforms" or the "Company" )
Appointment of new Chief Operating Officer
Surface Transforms (AIM:SCE) manufacturers of carbon fibre
reinforced ceramic automotive brake discs, is pleased to announce
the appointment of Stephen Easton as the new (non-board) Chief
Operating Officer, effective 4 September 2023. Stephen joins the
Company from SGL Carbon where he is currently UK Managing
Director.
During his 16-year tenure at SGL Carbon, a graphite and fibre
manufacturing company, he has held various leadership positions
both in the UK and US, specialising in carbon and oxidised fibre.
Prior to this, he worked in a number of different operational roles
for Brand-Rex, a cable manufacturing company. He holds an honours
degree in Manufacturing Engineering & Management from the
University of Dundee.
Stephen's appointment is a further step in the strengthening of
the Company's senior management team to ensure the Company
successfully delivers its current manufacturing expansion plan and
financial transformation into a high revenue growth and profitable
business. This includes the delivery of its GBP290m (lifetime
value) order book and GBP393m (lifetime value) prospective contract
pipeline.
Kevin Johnson, CEO of Surface Transforms said "We are delighted
to welcome Stephen to this senior role in the Company. In
particular the combination of his extensive manufacturing
engineering experience, his highly relevant expertise in building
and operating high temperature manufacturing plants and his people
management skills are well suited to our current and future
requirements. We look forward to working with Stephen as the
Company executes it growth plans."
For enquiries, please contact:
Surface Transforms plc
David Bundred, Chairman
Kevin Johnson, CEO +44 151 356 2141
Zeus (Nominated Advisor and Joint Broker)
David Foreman / Dan Bate / James Edis (Investment
Banking)
Dominic King (Corporate Broking) +44 203 829 5000
finnCap Ltd (Joint-Broker)
Ed Frisby / Abigail Kelly (Corporate Finance)
Andrew Burdis / Barney Hayward (ECM) +44 20 7220 0500
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develop and produce
carbon--ceramic material automotive brake discs. The Company is the
UK's only manufacturer of carbon--ceramic brake discs, and only one
of two mainstream carbon ceramic brake disc companies in the world,
serving customers that include major OEMs in the global automotive
markets.
The Company utilises its proprietary next generation Carbon
Ceramic Technology to create lightweight brake discs for
high--performance road and track applications for both internal
combustion engine and electric vehicles. While competitor
carbon--ceramic brake discs use discontinuous chopped carbon fibre,
Surface Transforms interweaves continuous carbon fibre to form a 3D
matrix, producing a stronger and more durable product with improved
heat conductivity compared to competitor products; this reduces the
brake system operating temperature, resulting in lighter and longer
life components with superior brake performance. These benefits are
in addition to the benefits of all carbon--ceramic brake discs vs.
iron brake discs: weight savings of up to 70%, longer product life,
consistent performance, reduced brake pad dust and corrosion
free.
For additional information please visit
www.surfacetransforms.com
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END
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