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RNS Number : 3913G Velocity Composites PLC 11 March 2024
11 March 2024
Velocity Composites plc
("Velocity" or the "Company")
Appointment of Chief Financial Officer
Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market, is pleased to announce the
appointment of Robert (Rob) Smith to the Board of the Company as Group Chief
Financial Officer (CFO) and Company Secretary, with effect from 3 June 2024.
Rob is a chartered management accountant with significant experience in
leadership roles in a number of AIM quoted technology companies, where he has
been instrumental in leading growth strategies and improving operational
efficiencies. Rob has a proven track record in advanced manufacturing at both
CFO and CEO level, including manufacturing systems implementation and
international commercial leadership. Most recently Rob served as Group CFO at
Biome Technologies plc and prior to that, in the CFO and CEO roles at
Filtronic plc between 2014 and 2020, an electronics designer and manufacturer
of advanced filters, antennas and transceivers.
Rob was Finance Director of APC Technology Group, a specialist distributor and
manufacturer of electronic components and semiconductor products with a focus
on green technology industries between 2010 and 2014.
The Board would like to thank Andrew Hebb for his significant contribution as
the Company's Interim Chief Financial Officer since August 2023.
Andy Beaden, Chairman, commented:
"We are delighted to have Rob join the board, as our new permanent CFO. Like
Andrew Hebb, Rob has very significant experience as a seasoned CFO of AIM
listed businesses. Rob comes with extensive knowledge of advanced
manufacturing and international finance, especially in North America and
Continental Europe. This enables him to support our growth strategy and lead
development of our finance function as we continue our international
expansion."
Regulatory Disclosures
In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies,
Robert St John Smith (aged 59) is, or has been within the last five years, a
director or partner in the following companies and partnerships:
Current directorships/partnerships Directorships/partnerships held within the last five years
Aquasol Limited Autocore Limited
Biome Bioplastics Limited Filtronic plc
Biome Technologies plc Filtronic Broadband Limited
Biome Bioplastics Inc. Filtronic Holdings UK Limited
Ingel Technologies Limited Filtronic Wireless Limited
Stanelco RF Technologies Limited Filtronic Wireless Inc
Kaelus Antennas AB (formerly Filtronic Wireless AB)
Filtronic Wireless Suzhou
Isotek Limited
Isotek (Holdings) Limited
Isotek Hong Kong Holdings Limited
Isotek Suzhou Limited
Remanufactured Systems Limited
Mr Smith does not currently hold any ordinary shares in the Company.
Enquiries:
Velocity Composites plc +44 (0) 1282 577577
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer
Andrew Hebb, Interim Chief Financial Officer
Cavendish Capital Markets Limited
Nominated Adviser and Joint Broker +44 (0) 20 7220 0500
Katy Birkin
Ben Jeynes
George Lawson
Dowgate Capital Limited
Joint Broker +44 (0) 20 3903 7715
Russell Cook
Nick Chambers
SEC Newgate
Financial Communications +44 (0)7540 106 366
Robin Tozer velocity@secnewgate.co.uk (mailto:velocity@secnewgate.co.uk)
George Esmond
Harry Handyside
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