REG - Sondrel (Holdings) - Chief Financial Officer Succession

Sondrel (Holdings)Announcement

18/07/2024 07:15

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RNS Number : 8406W  Sondrel (Holdings) plc  18 July 2024

18 July 2024

 

Sondrel (Holdings) plc

("Sondrel", the "Company" and together with its subsidiaries the "Group")

 

Chief Financial Officer Succession

 

Sondrel (AIM: SND), a leading provider of ultra-complex chips for leading
global technology brands, announces the intended appointment of Siobhan Martin
as Chief Financial Officer Designate.

 

Siobhan has held senior finance roles in various international businesses
including RPS Group Plc and Inchcape Plc and is currently COO of Hawarden and
Glen Dye Estates, a UK based leisure business. She will join Sondrel on 30
September 2024 and is expected to be appointed to the Board shortly
thereafter.

 

The Group's current Interim CFO, Nick Stone, will leave Sondrel later this
month, following the release of the Group's accounts earlier today.

 

Additionally, following the announcement on 22 May 2024, John Chubb has now
been appointed as Chief Executive Officer.

 

David Mitchard, Chairman of Sondrel plc, said:

 

"On behalf of the Board, I'd like to thank Nick for his contribution to
Sondrel since he assumed the position of Interim CFO in September 2023.
Siobhan has worked with our incoming CEO, John Chubb, in the past and brings a
wealth of operational and finance experience. I look forward to welcoming her
to Sondrel when she joins shortly."

 

 

For further information:

 

 Sondrel (Holdings) plc                                        Via Buchanan
 John Chubb, CEO                                               Tel: +44 (0) 20 7466 5000
 Nick Stone, Interim CFO

 Cavendish Capital Markets Limited                             Tel: +44 (0) 20 7220 0500
 Ben Jeynes / Katy Birkin / George Lawson - Corporate Finance
 Michael Johnson / Charlie Combe - Sales and ECM

 Burson Buchanan                                               Tel: +44 (0) 20 7466 5000
 Chris Lane                                                    sondrel@buchanan.uk.com (mailto:sondrel@buchanan.uk.com)

 Stephanie Whitmore
 Jack Devoy
 Abby Gilchrist

 

Disclosures relating to Rule 17 or paragraph (g) of Schedule 2 of the AIM
Rules for Companies

 

The directorships and partnerships currently held by John James Chubb, aged
59, and over the five years preceding the date of his appointment, are as
follows:

 

 Current directorships / partnerships  Previous directorships / partnerships
 DFLADVISORY LTD                       RPS Heritage Holdings Limited
                                       RPS Heritage Limited
                                       RPS Ireland Limited
                                       RPS Consulting Services Limited
                                       RPS Group Limited
                                       RPS Consulting Engineers Limited
                                       RPS Environmental Consultancy Limited

 

About Sondrel

Sondrel is a UK-based fabless semiconductor company specialising in high end,
complex digital Application Specific Integrated Circuits (ASICs) and System on
Chips (SOCs). It provides a full turnkey service in the design, prototyping,
testing, packaging and production of ASICs and SoCs.

 

The Company is one of only a few companies capable of designing and supplying
the higher-spec chips built on the most advanced semiconductor technologies,
selling into a range of hyper growth end markets such as high-performance
computing, automotive, artificial intelligence, VR/AR, video analytics, image
processing, mobile networking and data centres.  Sondrel designs have enabled
products by leading technology brands including Apple (iPhone), Sony
(PlayStation), Meta's (Oculus), Samsung, Google and Sony smartphones, JVC
(prosumer camcorders), Tesla and Mercedes-Benz cars.

 

Sondrel is well-established, with a 20-year track record of successful
delivery, supported by long standing ecosystem partnerships including Arm,
TSMC and Samsung. Headquartered in the UK, Sondrel has a global presence with
offices in UK, USA, China, India and Morocco.

 

For more information please visit: ir.sondrel.com
(http://www.ir.sondrel.com/) .

 

 

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