REG - Oxford Metrics PLC - Change in CFO

Oxford MetricsAnnouncement

19/03/2024 07:00

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RNS Number : 3230H  Oxford Metrics PLC  19 March 2024

19 March 2024

Oxford Metrics plc

 

("Oxford Metrics", or the "Group")

 

Change in CFO

 

Oxford Metrics plc (LSE: OMG), the smart sensing and software company
servicing life sciences, entertainment and engineering markets, is pleased to
announce that Zoe Fox is to be appointed as the Group's CFO effective from 1
July 2024.

 

David Deacon, the current CFO, informed the Board of his desire to move away
from a full-time executive role to pursue family and other interests once the
right successor had been found. David will work closely with Zoe when she
assumes her role to deliver a smooth and orderly transition process over the
coming months.

 

Zoe Fox joins Oxford Metrics from AIM listed FireAngel Safety Technology plc
where she has been its Chief Finance Officer since 2021. Zoe brings a wealth
of international and manufacturing experience having worked both as an AIM CFO
and within international corporations. Prior to her appointment as CFO of
FireAngel, from 2010 she held the position of Finance Director with
responsibilities for running and improving finance operations. Before that Zoe
worked for Jarden Corporation, a US-based business, where she managed the BRK
Brands business in Europe, as Finance Director (2006 - 2010) and Financial
Controller (2003-2006) and Coleman UK as Financial Controller (2001 - 2003).
She qualified as a Chartered Accountant in 2004.

 

Roger Parry, Non-Executive Chair, said: "On behalf of shareholders and Oxford
Metrics I want to express great thanks to David Deacon who has done an
outstanding job as our CFO since 2008.  Over the last 15 years, Oxford
Metrics has grown and prospered and under his leadership, has earned a
justified reputation for prudent financial management and accurate reporting.
David has been at the heart of our M&A activity, most recently overseeing
the transformative disposal of Yotta and our recent entry into smart
manufacturing with the acquisition of Industrial Vision Systems. David leaves
us with a very strong balance sheet and in a solid position to pursue many
exciting opportunities. We wish him all the best.

 

"I am delighted to welcome Zoe Fox to Oxford Metrics. Zoe joins us having
worked as both an AIM CFO and within a global corporation. She has valuable
experience and knowledge of manufacturing, supply chain and the integration of
hardware and technology; the right skill set, financial rigour and tenacity
that will drive forward the growth journey we are on."

 

Imogen Moorhouse, Oxford Metrics CEO, said: "I would like to add my own thanks
to David who has been invaluably supportive over the years and especially
since I became CEO of Oxford Metrics. I wish him the very best for the future.

 

"I am very much looking forward to having Zoe as part of my executive team.
Culturally, she is absolutely the right fit with the right financial
stewardship and skill set to take us forward. She's really excited to join us
at a pivotal moment in our five-year plan and as we execute on our clear
roadmap to unlock growth and new market opportunities. We look forward to
introducing Zoe in due course."

 

David Deacon, Oxford Metrics CFO, said: "During the last 15 years it has been
an absolute pleasure working alongside the fantastic people at Oxford Metrics.
In my 45-year career Oxford Metrics has certainly been the most memorable and
exciting period. We have accomplished a great deal and I would especially like
to thank my finance team who have supported me and relished all the challenges
and opportunities. With a strong balance sheet and the appetite to pursue
M&A opportunities, I am confident the business will move onto achieve even
greater things. I wish Imogen and Zoe the best of luck in taking Oxford
Metrics forward."

 

Zoe Fox, Oxford Metrics CFO Designate, said: "I am thrilled to be joining
Oxford Metrics at this stage in its growth journey - in year three of
delivering against its five-year strategy. With a clear roadmap and strong
foundations for future growth, I look forward to leveraging my skillset and
working with Imogen and the talented team at Oxford Metrics on the
opportunities ahead."

 

 

Additional information:

 

Zoe Anne Fox (formerly Zoe Anne Wagstaff), aged 51, has held the following
directorships within the last 5 years:

·      FireAngel Safety Technology Limited (former)

·      FireAngel Safety Technology Group plc (former)

 

There are no further disclosures to be made under Schedule 2(g) of the AIM
Rules for Companies.

 

For further information please contact:

 

 Oxford Metrics                                          +44 (0) 1865 261860
 Imogen Moorhouse, CEO
 David Deacon, CFO

 Deutsche Numis                                          +44 (0)20 7260 1000
 Simon Willis / Hugo Rubinstein / Tejas Padalkar

 FTI Consulting                                          +44 (0)20 3727 1000
 Matt Dixon / Emma Hall / Jamille Smith / Jemima Gurney

 

 

About Oxford Metrics

 

Oxford Metrics is a smart sensing and software company that enables the
interface between the real world and its virtual twin. Our smart sensing
technology helps over 10,000 customers in more than 70 countries, including
all of the world's top 10 games companies and all of the top 20 universities
worldwide. Founded in 1984, we started our journey in healthcare, expanded
into entertainment, winning an OSCAR® and an Emmy®, moved into defence,
engineering and smart manufacturing. We have a strong track record of creating
value by incubating, growing and then augmenting through acquisition, unique
technology businesses.

 

The Group trades through its market-leading division Vicon and, recently
acquired, Industrial Vision Systems. Vicon is a world leader in motion
measurement analysis to thousands of customers worldwide, including Red Bull,
Imperial College London, Dreamscape Immersive, Industrial Light & Magic,
and NASA. Industrial Vision Systems is a specialist in machine vision software
and technology for high precision, automated quality control systems trusted
by blue-chip, smart manufacturing companies across the globe including BD,
DePuy, Jaguar Land Rover, Johnson & Johnson, Zytronic and Alkegen.

 

The Group is headquartered in Oxford with offices in California, Colorado,
Auckland, and Kempten. Since 2001, Oxford Metrics (LSE: OMG), has been a
quoted company listed on AIM, a market operated by the London Stock Exchange.
For more information about Oxford Metrics, visit www.oxfordmetrics.com
(https://eu-west-1.protection.sophos.com?d=oxfordmetrics.com&u=aHR0cDovL3d3dy5veGZvcmRtZXRyaWNzLmNvbQ==&i=NTUxMTU3ZTFlNGIwNmI0MGYxNWM1NDIw&t=ZW9DdlJoQ1JudHJDcENxREEraW9UUGdaSVRRTXN4T2YxekJnd3kvWmpaZz0=&h=bc130282db4042e1a8b0df6335b24c94&s=AVNPUEhUT0NFTkNSWVBUSVbTZyfthxptPRtYSU83nM7RGDVpUM1i75Chn7m0OnTIIQ)

 

 

 

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