REG - Concurrent Tech. - Board change

Concurrent TechnologiesAnnouncement

Mon 07:02

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RNS Number : 1484A  Concurrent Technologies PLC  13 April 2026

13 April 2026

Concurrent Technologies Plc

(the "Company" or the "Group")

 

Board change

 

Concurrent Technologies Plc (AIM: CNC), a designer and manufacturer of
leading-edge computer products, systems, and mission-critical solutions used
in high-performance markets by some of the world's major OEMs, announces that
Kim Garrod, Chief Financial Officer (CFO), has informed the Board of her
intention to retire and step down from her position. Kim will remain in her
role until the end of 2026 to ensure there is a smooth transition process, and
she and the rest of the executive team remain fully focused on the delivery of
Concurrent's strategy.

 

The Board has begun an external recruitment process to identify Kim's
successor, and a further announcement will be made when appropriate.

 

Miles Adcock, Chief Executive Officer, commented: "Over the past four years,
Kim has made a significant contribution to Concurrent, providing disciplined
financial leadership and supporting the execution of our strategic priorities,
including the successful completion and integration of the Phillips
acquisition. She has been instrumental in the Group's growth, establishing a
strong financial foundation for continued progress. While we will be sorry to
see Kim leave, we fully respect her decision to retire. On behalf of the
Board, I thank Kim for her commitment and professionalism and wish her every
success in the future."

 

Kim Garrod, CFO, said: "I have decided to retire from corporate life to spend
more time with my family and pursue personal interests, confident that
Concurrent has a strong financial foundation and a clear strategy for future
growth. It has been a privilege to contribute to the Company's development
over the past four years, and I look forward to continuing to support the
business through 2026, ensuring a smooth transition to my successor."

 

Enquiries:

 Concurrent Technologies Plc                                                    +44 (0)1206 752626

Miles Adcock - CEO

 Kim Garrod - CFO

 Alma Strategic Communications                                                  +44 (0)20 3405 0205

Hannah Campbell / Josh Royston / Will Merison

 Investec Bank plc (Financial Adviser, Nominated Adviser and Corporate Broker)  +44 (0)20 7597 5970

Nick Prowting / Virginia Bull / Arnav Kapoor / Tommy Jackson

 

About Concurrent Technologies Plc

Concurrent Technologies Plc develops and manufactures high-end embedded
plug-in cards and systems 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 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.concurrent.tech.

 

 

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