REG - CML Microsystems PLC - Directorate Change

CML MicrosystemsAnnouncement

18/02/2021 13:45

RNS Number : 6193P
  
CML Microsystems PLC
  
18 February 2021
  
 

CML Microsystems Plc
(the "Group")
 
Directorate Change
 
CML Microsystems Plc, announces that, after almost seven years with the Group, Hugh Rudden, Group Sales & Marketing Director, has today advised the Board of his decision to retire. He will step down from the Board on 31 May 2021.
 
Chris Gurry, Group Managing Director said:
"On behalf of the Board, I wish to thank Hugh, he has made a very valuable contribution to the business throughout his tenure for which the Board expresses its heartfelt thanks and good wishes for a long and happy retirement".
 



CML Microsystems Plc
Chris Gurry, Group Managing Director
Nigel Clark, Group Chairman & Financial Director
 


www.cmlmicroplc.com

Tel: +44 (0) 1621 875 500




Shore Capital
Edward Mansfield
James Thomas
Fiona Conroy - Corporate Broking
 


Tel: +44 (0) 20 7408 4090




SP Angel Corporate Finance LLP
Jeff Keating
 


Tel: +44 (0) 203 463 2260




Alma PR
Josh Royston
Caroline Forde
Robyn Fisher
 


Tel: +44 (0) 20 3405 0205
 



 
About CML Microsystems PLC
CML develops mixed-signal, RF and microwave semiconductors for global communications markets. The Group utilises a combination of outsourced manufacturing and in-house testing with trading operations in the UK, Asia and USA. CML targets sub-segments within Communication markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading commercial and industrial product manufacturers. 
The spread of its customers and diversity of the product range largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the appetite for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure around the world and the growing prevalence of private commercial wireless networks for voice and/or data communications linked to the industrial internet of things (IIoT). 
The Group is cash-generative, has no debt and is dividend paying.
 

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