REG - Saietta Group PLC - Directorate Change

SaiettaAnnouncement

06/12/2022 07:00

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RNS Number : 6749I  Saietta Group PLC  06 December 2022

6 December 2022

Saietta Group plc

("Saietta", "the Company" or "the Group")

Board Appointment

 

Saietta (AIM: SED), the multi-national business which designs, engineers and
manufactures complete Light-duty and Heavy-duty e-drive systems for electric
vehicle, is pleased to announce the appointment of Devyani Vaishampayan as a
Non-Executive Director. Devyani has over 35 years of executive experience as a
Board Director and Senior Executive in international and multi-sector listed
companies with particular responsibilities for Human Resources, including a
wealth of experience in leading large, diverse and multibillion complex
organisations through transformational change.

As a Thought Leader, Devyani speaks regularly at global forums on varied
topics such as the Board's responsibility around culture; ESG; the impact of
Artificial Intelligence and Digital on the Future of Work; Change and
Transformation; and Leadership and Diversity.

Devyani is currently Audit Chair and Non-Executive Director at Norman
Broadbent Plc and an Independent Board Director at the Law Society.

Devyani is a trained Behavioural Scientist, holding a BSc in Physics and
Electronics and an MBA from Bombay University and a Chevening Scholar at Leeds
University.

Anthony Gott, Executive Chairman of Saietta, commented:

"The Board is delighted that Devyani has agreed to join Saietta. Her wealth of
Board experience across HR strategy, risk, performance and organisational
development overseeing international businesses undergoing rapid growth will
be invaluable to the Company as we enter the exciting and transformative next
chapter in our evolution."

Further Information

Devyani Himanshu Vaishampayan (nee Padalkar), aged 58, holds or has held the
following directorships or partnerships in the past five years:

 Current directorships or partnerships  Previous directorships or partnerships
 Norman Broadbent PLC                   The British Quality Foundation
 The Law Society

 

There are no other matters which are required to be disclosed in accordance
with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

-ENDS-

 

 

 

For any further enquiries, please contact:

 

 Saietta Group                                      via FTI

 Wicher (Vic) Kist, Group Chief Executive Officer

 Steven Harrison, Group Chief Financial Officer

 Canaccord Genuity (Nomad and Broker)               Tel: +44 (0) 207 523 8000

 Henry Fitzgerald-O'Connor

 Patrick Dolaghan

 FTI Consulting (Financial PR advisor)              Tel: +44 (0) 20 3727 1000

 Ben Brewerton                                      saietta@fticonsulting.com

 Dhruv Soni

 

About Saietta:

Saietta is an AIM-quoted, multi-national business which designs, engineers and
manufactures complete Light-duty and Heavy-duty e-drive systems for electric
vehicles on land from scooters to buses (Vehicle categories L, M, N and T) as
well as marine applications.

 

Saietta has engineered breakthrough electric motor technology including
proprietary AFT (Axial Flux Technology) and RFT (Radial Flux Technology) which
can be combined with in-house power electronics, powertrain controls,
mechanical axles and transmissions. The designs are unique and modular,
delivering both high and low voltage electric drive solutions.  Saietta's
difference lies in its ability to conceive powertrain solutions tailored to
deliver competitive advantage and its turnkey engineering services designed to
fast-track electric vehicle manufacturers from concept to start of production.

 

To demonstrate the outstanding attributes of the AFT technology and the
company also founded it's own next-generation marine propulsion division
Propel (www.propel.me (http://www.propel.me) ) which delivers solutions for
boating in the electric era that support the transition to decarbonization and
clean mobility on waterways.

 

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