REG - TT Electronics PLC - NED Appointments

TT electronicsAnnouncement

09/01/2023 07:00

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RNS Number : 0150M  TT Electronics PLC  09 January 2023

 

 

9 January 2023

 

TT Electronics plc

 

NED Appointments

 

TT Electronics plc ("TT", "the Company"), a global provider of engineered
electronics for performance critical applications, today announces that Wendy
McMillan and Michael ("Mick") Ord will join the Board as Non-Executive
Directors on 16 January 2023.  Both will serve on the Nominations Committee,
Wendy on the Audit Committee and Mick on the Remuneration Committee.

 

Wendy McMillan is Chief Executive of the Safety Sector at Halma plc, and a
member of its Executive Committee. Wendy has previously held executive
positions at Dyson, BT plc and Bain & Company. She has an MBA from INSEAD
and an M.Eng in Engineering, Economics and Management from Oxford University.

 

Mick Ord is Group Chief Executive of Chemring Group plc. Mick has previously
held senior positions at BAE Systems plc, GKN Aerospace and the Royal Navy. He
is a Chartered Engineer and holds a B.Eng (Hons) in Aeronautical Systems
Engineering from Plymouth University.

 

Commenting on the announcement, the Company's Chairman, Warren Tucker, said:
"The Board carefully considered its composition and future succession needs
and as a result, we are delighted to welcome Wendy and Mick to TT. I am sure
their experience will be invaluable as we execute our organic growth plan and
our strategic development."

 

The Company confirms that there is no further information to be disclosed
under the requirements of Listing Rule 9.6.13R in relation to either of these
appointments.

 

 For further information please contact:

 TT Electronics plc                       Tel: +44 (0)1932 825300

 Warren Tucker, Chairman

 Richard Tyson, Chief Executive Officer

 Mark Hoad, Chief Financial Officer

 Kate Moy, Head of Investor Relations

 MHP Communications                       Tel: +44 (0)20 3128 8100
 Tim Rowntree / Ollie Hoare

About TT Electronics

TT Electronics is a global provider of engineered electronics for performance
critical applications.

The company operates in industries where there are structural growth drivers,
working with market-leading customers primarily in the industrial, medical,
aerospace and defence sectors. Products designed and manufactured include
sensors, power management devices and connectivity solutions. TT has design
and manufacturing facilities in the UK, US, Sweden and Asia.

The company has three divisions. The Power and Connectivity division designs
and manufactures power application products and connectivity devices which
enable the capture and wireless transfer of data. We collaborate with our
customers to develop innovative solutions to optimise their electronic
systems. The Global Manufacturing Solutions division provides manufacturing
services and engineering solutions for our product divisions and to customers
that often require a lower volume and higher mix of different products. We
manufacture complex integrated product assemblies for our customers and
provide engineering services including designing testing solutions and
value-engineering. The Sensors and Specialist Components division works with
customers to develop standard and customised solutions including sensors and
power management devices. Our solutions improve the precision, speed and
reliability of critical aspects of our customers' applications.

Notes

Halma plc is a FTSE 100 business that is a global group of life-saving
technology companies.  The group comprises around 45 companies that provide
innovative products and services that help solve many of the key problems
facing the world today.  At the time of this announcement, the company has a
market capitalisation of circa £7.6 billion and turnover of circa £1.5
billion.

Chemring Group plc is a FTSE 250 manufacturer of advanced technology products
and services to the aerospace, defence and security markets.  At the time of
this announcement, the company has a market capitalisation of circa £900
million and turnover of circa £443 million.

 

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