REG - Surface Transforms - Appointment of new Chief Finance Officer

Surface TransformsAnnouncement

19/06/2023 07:00

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RNS Number : 0766D  Surface Transforms PLC  19 June 2023

19 June 2023

Surface Transforms plc

("Surface Transforms" or the "Company")

Appointment of new Chief Finance Officer

Surface Transforms plc (AIM:SCE) manufacturers of carbon fibre reinforced
ceramic automotive brake discs, is pleased to announce the appointment
of Isabelle Maddock as Chief Financial Officer ("CFO") and an Executive
Director of the Board. Isabelle will join the Company on 4 September 2023.

Isabelle joins Surface Transforms from James Cropper plc, where she was CFO
for the past nine years. Isabelle has 30 years of experience in finance across
a variety of sectors and is a fellow of the Chartered Institute of Management
Accountants. During her 17-year tenure at James Cropper plc, an advanced
materials and paper products manufacturing group, she held senior financial
positions before promotion to their board of directors in 2014.

Isabelle's appointment to Surface Transforms strengthens both the Company's
senior management team and the Board as the Company continues to focus on
delivering its current expansion plan and financial transformation. This
includes converting its £290m (lifetime value) order book into sales
and its £393m (lifetime value) prospective contract pipeline into further
new orders.

Isabelle Maddock currently holds no shares in the Company. Her directorships,
over the past five years, which all relate to James Cropper plc and its
subsidiaries are listed below.

Kevin Johnson, CEO of Surface Transforms said "We are delighted to welcome
Isabelle to the board of Surface Transforms, her drive and financial
leadership along with the strategic, governance and manufacturing experience
she brings are well suited to our current and anticipated rapid growth.  We
look forward to working with Isabelle as the Company executes its plans."

Isabelle Maddock said "I am thrilled to be joining Surface Transforms. I have
been following the Company's progress for some time and I am very impressed
with its environmentally cleaner, lighter, more durable, high performance
braking technologies, and strong growth potential. My experience in finance
and manufacturing can help Surface Transforms to continue to achieve its goals
and I look forward  to working with the rest of the management
team and talented workforce to build a successful future."

Isabelle Maddock (aged 55) holds or has held the following directorships or
partnerships in the last five years:

 Current  Last five years
 -         James Cropper plc
          TFP Hydrogen Products Limited
          James Cropper Germany GMBH
          James Cropper Overseas Trading Limited
          James Cropper 3D Products Limited
          Melmore Company Limited
          James Cropper Paper Limited
          Technical Fibre Products Limited
          The Paper Mill Shop Company
          James Cropper Speciality Papers Limited
          James Cropper Converting Limited
          Tech Fibres Inc
          Technical Fibre Products Inc
          Electro Fibre Technologies LLC
          Metal Coated Fibres Inc
          James Cropper (Guangzhou) Trading Co Ltd

 

Save as disclosed above, there are no further disclosures to be made in
accordance with Rule 17 or Schedule 2(g) of the AIM Rules for Companies.

For enquiries, please contact:

 Surface Transforms plc                                            +44 151 356 2141

 David Bundred, Chairman

 Kevin Johnson, CEO

 Zeus (Nominated Advisor and Joint Broker)                         +44 203 829 5000

 David Foreman / Dan Bate / James Edis (Investment Banking)

 Dominic King (Corporate Broking)

 finnCap Ltd (Joint-Broker)                                        +44 20 7220 0500

 Ed Frisby / Abigail Kelly (Corporate Finance)

Andrew Burdis / Barney Hayward (ECM)

 

About Surface Transforms

Surface Transforms plc. (AIM:SCE) develops and produces carbon‐ceramic
material automotive brake discs. The Company is the UK's only manufacturer
of carbon‐ceramic brake discs, and only one of two
mainstream carbon ceramic brake disc companies in the world, serving
customers that include major OEMs in the global automotive markets.

The Company utilises its proprietary next generation Carbon Ceramic
Technology to create lightweight brake discs for high‐performance road and
track applications for both internal combustion engine and electric vehicles.
While competitor carbon‐ceramic brake discs use discontinuous chopped
carbon fibre, Surface Transforms interweaves long strand carbon fibre to
form a 3D matrix, producing a stronger and more durable product with improved
heat conductivity compared to competitor products; this reduces the brake
system operating temperature, resulting in lighter and longer life components
with superior brake performance. These benefits are in addition to the
benefits of all carbon‐ceramic brake discs vs. iron brake discs: weight
savings of up to 70%, longer product life, consistent performance, reduced
brake pad dust and corrosion free.

For additional information please visit www.surfacetransforms.com
(https://protect-eu.mimecast.com/s/McyZC9QJ0Ck147yhE14Ux?domain=surfacetransforms.com)

 

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