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Raspberry PI HoldingsAnnouncement

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RNS Number : 5840F  Raspberry Pi Holdings PLC  31 October 2025

The Company considers that the information contained in this announcement is
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014 (MAR).

 

31 October 2025

Raspberry Pi Holdings plc

 

("Raspberry Pi" or the "Company")

 

Board Update

 

Raspberry Pi, a leader in low-cost, high-performance computing, announces that
Richard Boult has informed the Board that in the second half of 2026, after
seven years including two years post listing, he intends to step down from his
role as Chief Financial Officer ("CFO") so that he can explore new challenges
and enable the Company to put in place a team for its next period of growth.

 

A formal search process has been initiated and Richard is committed to assist
in this process to ensure an orderly succession.

 

Martin Hellawell, Chair, said:

 

"Richard joined Raspberry Pi as CFO in 2019 and has been a key part of the
team that has delivered tremendous growth in the Company. Since joining, he
has played a central role in establishing relationships with a number of key
strategic and financial shareholders, together with wider banking
relationships, which were pivotal to the Company's admission to the Main
Market of the London Stock Exchange in June 2024.

 

"The Board would like to thank Richard for his outstanding contribution and
constructive approach which allows us to search, recruit and induct the best
replacement to support the growth plans of the Company in a measured way
whilst retaining all his experience and knowledge. In the meantime, it's
business as usual whilst the search is underway."

 

Eben Upton, CEO, said:

 

"Since he joined us in 2019, Richard has been instrumental in building out a
mature finance function at Raspberry Pi and has made an invaluable
contribution to the growth and development of the Company during a period of
significant change in our industry. His deep insights and experience were key
to our successful IPO in June 2024. It has been a privilege to work with him
as we have told the Raspberry Pi story to a broader investment audience in the
run-up to the IPO, and in the year and a half since.

 

"I look forward to working with Richard through the transition process, as we
position Raspberry Pi for the next phase of its growth journey."

 

Richard Boult, CFO, said:

 

"It has been an amazing experience, and I am proud to have been part of
everything that Raspberry Pi has achieved since I joined in 2019. It has been
a great privilege to work with such a talented group of people in the Company
and the Board. I look forward to supporting Raspberry Pi over the next year
and to enabling a smooth transition to a new CFO."

 

Enquiries:

 Raspberry Pi Holdings plc

 Martin Hellawell, Independent non-executive Chair

 Eben Upton, Chief Executive Officer

 Richard Boult, Chief Financial Officer

 Carol Copland, General Counsel and Company Secretary
 Andy Bryant, IR                                        investors@raspberrypi.com (mailto:investors@raspberrypi.com)

 Alma Strategic Communications                          T: +44 (0)203 405 0205
 Josh Royston, Caroline Forde, Hannah Campbell          raspberrypi@almastrategic.com (mailto:raspberrypi@almastrategic.com)

 

About Raspberry Pi

Headquartered in Cambridge, UK, Raspberry Pi's mission is to put
high-performance, low-cost, general-purpose computing platforms in the hands
of enthusiasts and engineers all over the world.

 

Raspberry Pi is a full-stack engineering organisation, with research and
development capabilities spanning the entire value chain, from semiconductor
IP development, through semiconductor and electronic product design to
software engineering and regulatory compliance. The high performance, low
cost, and physical robustness of Raspberry Pi products make them suitable for
a wide range of applications, across three distinct markets: Industrial and
Embedded, Enthusiast and Education, and Semiconductors. To date, over 70
million units have been sold.

 

 

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