REG - Filtronic PLC - Directorate Change

FiltronicAnnouncement

02/04/2024 07:15

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RNS Number : 9014I  Filtronic PLC  02 April 2024

 

 

 

2 April 2024

Filtronic plc

("Filtronic")

 

Directorate Change

 

Filtronic plc announces appointment of Nat Edington as CEO following the
retirement of Richard Gibbs

 

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the
aerospace, defence, space and telecoms infrastructure markets, announces that
Richard Gibbs, the Company's Chief Executive Officer ("CEO"), has informed the
Company of his decision to step down from executive responsibilities at the
end of the current financial year. Richard will relinquish his role of CEO and
board member with effect from 13 May 2024 but will continue to be available to
support the growth ambitions of the Company until November 2024.

 

Following the conclusion of a rigorous selection process by the Nomination
Committee, the Company is pleased to announce that Nathaniel ("Nat") Edington
has been appointed as the Group's new Chief Executive. Nat will assume the
role of CEO and join the Board on 13 May 2024. In the meantime, he will work
closely with Richard to ensure an orderly handover.

 

Nat brings a wealth of experience of both public and private technology
companies. He has held a number of senior executive positions in the high
technology and semiconductor industry, and was latterly CEO at Dukosi Ltd,
where he led the business from early stage to global technology leader.
Previously, Nat was CEO of Cambridge CMOS Sensors, and has held executive
leadership positions at AMS AG and Wolfson Microelectronics, where he led the
businesses through periods of rapid growth as well as a non-executive position
at AIM-listed Concurrent Technologies plc. Nat has considerable knowledge and
experience of the sector and the markets in which Filtronic operate and has
demonstrated excellent leadership qualities aligned with Filtronic's
people-focused culture, and drive for growth.

 

Jonathan Neale, Chair of Filtronic, said: "On behalf of the Board, I would
like to thank Richard for his significant contribution over the last three and
a half years. His passion and dedication will be missed by everyone at
Filtronic, and we wish him the very best as he transitions to the next phase
of his career. I am delighted to be able to announce Nat's appointment as CEO.
During our selection process it was clear that Nat's understanding of
Filtronic, its markets and potential, make him the ideal leader to replace
Richard. We are confident that he will work, together with the excellent
Executive Team, to lead Filtronic through the next phase of its growth
trajectory."

 

 

 

Enquiries:

 Filtronic plc                                Tel. 01740 618800 or investor.relations@filtronic.com
                                              (mailto:investor.relations@filtronic.com)
 Richard Gibbs (Chief Executive Officer)
 Michael Tyerman (Chief Financial Officer)
 Cavendish Capital Markets Limited            Tel. 020 7220 0500
 Jonny Franklin-Adams/George Dollemore (Corporate Finance)
 Sunila de Silva (ECM)
 Walbrook PR Limited                          Tel. 020 7933 8780 or filtronic@walbrookpr.com
                                              (mailto:filtronic@walbrookpr.com)
 Paul Vann                                    Mob. 07768 807 631

 Joe Walker

 

The information communicated in this announcement is inside information for
the purposes of Article 7 of EU Regulation 596/2014.

 

As required under Schedule Two, Paragraph (g) of the AIM Rules for Companies,
further disclosures on Nathaniel Edington are as follows:

 Full Name                                     Nathaniel Edington
 Age                                           54
 Current beneficial shareholding in the Group  None
 Current Directorships                         Former Directorships (previous five years)

 Ceres Holographics Limited                    Dukosi Limited

 Concurrent Technologies plc

 

 

 

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