REG - Thruvision Group PLC - Appointment of Chief Executive Officer

ThruvisionAnnouncement

30/12/2024 07:00

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RNS Number : 5682R  Thruvision Group PLC  30 December 2024

30 December 2024

Thruvision Group plc

Appointment of Chief Executive Officer

 

The Board of Directors of Thruvision Group plc (AIM: THRU, "Thruvision" or
"the Group") (the "Board"), the leading international provider of walk-through
security technology, is pleased to announce the appointment of Victoria
Balchin, currently Chief Financial Officer, as Chief Executive Officer with
effect from 2 January 2025.

 

Following the departure of Colin Evans in October 2024, working closely with
Executive Chairman Tom Black, Victoria has been instrumental in ensuring that
the business continues to be managed highly effectively with a view to
returning Thruvision to growth in the second half of the financial year. The
Board has carefully considered whether a broader search should be undertaken
and has unanimously decided that this internal appointment is in the best
interests of the Company and all its stakeholders.

 

Victoria joined the Group as Chief Financial Officer on 1 October 2022 and
will retain this role for the foreseeable future, supported by Hannah Platt
who is the full time Company Secretary and a qualified accountant. Tom Black
will remain as Executive Chairman and will retain a strong involvement in
day-to-day matters, particularly the sales function which is currently the
subject of an internal review.

 

Tom Black, Executive Chairman, commented:

 

"I am delighted that Victoria is stepping up to Chief Executive. Having worked
with her for two years now and particularly closely over the past three
months, I am certain that she is the right person to lead the Thruvision team
as we enter a crucial phase on our journey to profitability."

 

 

For further information please contact:

 

 Thruvision Group plc                        +44 (0) 1235 425400

 Tom Black, Executive Chairman

 Victoria Balchin, Chief Executive Officer
 Investec (Corporate Broker and NOMAD)       +44 (0) 20 7597 5970

 James Rudd

 Patrick Robb

 

About Thruvision (www.thruvision.com (http://www.thruvision.com) )

Thruvision is the leading developer, manufacturer and supplier of advanced
AI-based walkthrough security technology internationally. Its technology is
deployed in more than 20 countries around the world by government and
commercial organisations in a wide range of security situations, where large
numbers of people need to be screened quickly, safely and efficiently.
Thruvision's patented technology is uniquely capable of detecting concealed
objects in real time using advanced AI-based detection algorithms. The Group's
offices are near Oxford and Washington DC.

Important information

This announcement may include statements that are, or may be deemed to be,
'forward-looking statements' (including words such as 'believe', 'expect',
'estimate', 'intend', 'anticipate' and words of similar meaning). By their
nature, forward-looking statements involve risk and uncertainty since they
relate to future events and circumstances, and actual results may, and often
do, differ materially from any forward-looking statements. Any forward-looking
statements in this announcement reflect management's view with respect to
future events as at the date of this announcement. Save as required by
applicable law, the Company undertakes no obligation to publicly revise any
forward-looking statements in this announcement, whether following any change
in its expectations or to reflect events or circumstances after the date of
this announcement

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