REG - TT Electronics PLC - Appointment of Chief Financial Officer

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RNS Number : 9009Z  TT Electronics PLC  10 April 2026

10 April 2026

TT Electronics plc

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

Appointment of Chief Financial Officer

 

TT Electronics plc (LSE: TTG) is pleased to announce the appointment of Ian
Ashton as Chief Financial Officer and Executive Director of the Company.

Ian will bring significant financial leadership and operational experience to
the Group.  He is currently CFO of SIG plc, a role he has held since July
2020. Prior to joining SIG, Ian served as CFO at Low & Bonar plc until its
acquisition by the Freudenberg Group, and before that he was CFO of Labviva
LLC, a US-based technology company.  He also served in several senior
financial roles at Smith & Nephew plc, working at different times in the
UK, US and Asia.

Ian will join the Company following the completion of his current notice
period of up to a maximum of six months.  A further announcement will be made
in due course confirming the date of appointment.

Ian will succeed Richard Webb, who has been TT's Interim Chief Financial
Officer since 12 May 2025. Richard will continue as Interim Chief Financial
Officer until Ian joins TT and will support an orderly handover. The Board
would like to express gratitude to Richard for the significant contributions
made during his tenure.

Eric Lakin, Chief Executive Officer of TT Electronics, commented:

"We are delighted to announce Ian's appointment as CFO. He brings a strong
combination of financial expertise, operational insight and leadership
experience, which will support the Group in building on the positive progress
achieved over the past 12 months in creating a clearer strategic direction and
a stronger platform for growth.

I would like to thank Richard for his support, and I look forward to working
with him to ensure a smooth transition. Ian is an excellent fit for TT and I'm
excited about working closely with him."

Ian Ashton commented:

"I'm delighted to have been appointed CFO of TT. The Group has a huge amount
of potential, with strong market positions and a clear strategy in place, and
I am excited at what lies ahead. I greatly look forward to working alongside
Eric and the rest of the management team to help deliver further operational
and financial progress."

There are no further matters that require disclosure under LR 6.4.8R of the UK
Listing Rules in relation to his appointment.

 

For further information, please contact:

TT Electronics

Eric Lakin, Chief Executive Officer

Matthew Lee, Investor
Relations
Email: ttelectronics@equitory.com

Jack Bradshaw, Investor
Relations
Tel: +44 (0)1932 827 779

Berenberg

Harry Nicholas / Ciaran Walsh
 
Tel: +44 (0) 2032 077 800

 

MHP

Tim Rowntree / Ollie
Hoare
Tel: +44 (0) 7817 458804

 

 

 

 

About TT Electronics

 

TT Electronics is a global provider of electronics for performance critical
applications. TT engineers and manufactures electronic solutions enabling a
safer, healthier and more sustainable world. TT benefits from enduring
megatrends in structurally high-growth markets including Healthcare,
Aerospace, Defence, Automation and Electrification. TT invests in R&D to
create designed-in products where reliability is mission critical. Products
designed and manufactured include sensors, power management and connectivity
solutions. TT has design and manufacturing facilities in the UK, North
America, and Asia.

 

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