REG - Concurrent Tech. - Board Changes

Concurrent TechnologiesAnnouncement

12/05/2021 09:00

RNS Number : 2860Y
  
Concurrent Technologies PLC
  
12 May 2021
  
 

This announcement contains inside information as stipulated under the UK version of the Market Abuse Regulation No 596/2014 which is part of English Law by virtue of the European (Withdrawal) Act 2018, as amended. On publication of this announcement via a Regulatory Information Service, this information is considered to be in the public domain
 
12 May 2021
 
Concurrent Technologies Plc
 
Board Changes
 
Concurrent Technologies Plc (AIM: CNC), a world leading specialist in the design and manufacture of high-performance embedded computer boards for critical applications, is pleased to announce the appointment of Dr Miles Adcock as Chief Executive Officer and as an executive director of the Company with effect from 21 June 2021. 
 
The Company also announces today that Jane Annear, Managing Director, has given notice of her retirement after 36 years of outstanding service to the Company. Jane will work to support Miles in her remaining time with the Company in order to ensure an orderly transition and will continue as an executive director of the Company during that time.
 
Dr Miles Adcock is currently President of Space Imaging at Teledyne Technologies Inc. Prior to joining Teledyne, Miles held senior roles at QinetiQ Group plc including as Managing Director of its Cyber, Information & Training business unit and as Group Engineering Director. He has previously worked at BAE Systems and GEC Marconi. A Chartered Engineer and a Chartered Physicist, he received his PhD in Adaptive Optics from Imperial College, London.
 
Mark Cubitt, Non-executive Chairman of Concurrent Technologies, commented:
 
"We are delighted to welcome Miles as Chief Executive Officer of Concurrent Technologies. His experience in growing international based technology companies will help drive forward the Company to take the next steps in our development as a leading player in the high performance embedded market. It is also important we recognise today the significant role Jane has played in the growth of the Company, which she has served since she joined as our second employee on incorporation in 1985."
 
Dr Miles Adcock commented:
 
"I am very pleased to take up this role. Concurrent Technologies is a fantastic organisation. We have great people and technological capabilities and a competitive customer offering. I look forward to leading Concurrent Technologies in its next phase of growth and creating value for all our stakeholders."
 
Jane Annear, Managing Director, commented:
 "It has been a privilege to lead the team at Concurrent Technologies for the last 2 years and I would like to thank all of our employees for their commitment and support during that time.  I am pleased to welcome Miles to the role of Chief Executive Officer in a new and exciting era for the Company."
 
 
 
 
Enquiries:
 



Concurrent Technologies Plc
Jane Annear, Managing Director


 
+44 (0)1206 752626














Newgate (Financial PR)
Bob Huxford
Isabelle Smurfit


 
+44 (0)20 7653 9848

+44 (0)20 3757 3411














Cenkos Securities Plc (NOMAD)
Neil McDonald
Peter Lynch




+44 (0)131 220 9771
+44 (0)131 220 9772



 
The following information regarding the appointment of Dr Miles Adcock (aged 48) is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:
 



Full Name:


Miles John Adcock
 




Current Directorship / Partnerships:


South East LEP Limited
Teledyne e2v Ltd
Teledyne UK Limited
 




Previous Directorship / Partnerships:


BJ Trustee Limited
Bolden James Limited
Cuesim Limited
Gyldan 11 Limited
Leading Technology Limited
Qinetiq Special Project Inc.



 
There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies.
 
Note to Editors:
 
About Concurrent Technologies Plc
 
Concurrent Technologies Plc develops and manufactures high-end embedded computer products for use in a wide range of high performance, long life cycle applications within the telecommunications, defence, security, telemetry, scientific and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel® processors, including the latest 9th generation embedded Intel® Core™ processors, Intel® Xeon® and Intel Atom® processors. The products are designed to be compliant with industry specifications and support many of today's leading embedded Operating Systems.  The products are sold world-wide.
 
For more information on Concurrent Technologies Plc and its products please visit www.gocct.com.
 
All trademarks, registered trademarks and trade names used in this announcement are the property of their respective owners.
 

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