RCS - Velocity Composites - Appointment of Chief Operations Officer

Velocity CompositesAnnouncement

04/02/2025 07:15

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RNS Number : 7467V  Velocity Composites PLC  04 February 2025

Reach

04 February 2025

 

Velocity Composites plc

("Velocity" or the "Company")

 

Appointment of Chief Operations Officer

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market, announces the appointment of
Oliver Smalley to the role of Chief Operations Officer ("COO").

In this non-Board role, Oliver will be focused on driving business process
improvements, digital transformation, new product introduction and optimising
operational efficiency as Velocity builds on the high levels of growth
reported in the Company's results announced on 29 January 2025 and looks to
capture new opportunities in the US and Europe.

With more than 20 years of experience in manufacturing, engineering and
operational leadership spanning both composites and metallics, Oliver's career
has included senior positions with Buoyancy Aerospace, BAE Systems and
Brookhouse Aerospace.

In his previous roles he has also helped to develop greenfield factories
across the UK and Europe and was responsible for the operational structure of
the sites, overseeing manufacturing, engineering, quality control, health and
safety, procurement and commercial functions.

In addition to his aerospace expertise, Oliver has led multiple manufacturing
businesses, overseeing and driving business process improvements, digital
transformation, engineering excellence, new product introduction (NPI), and
standardising business practices to optimise operational efficiency and
enhance EBITDA.

His previous responsibilities have included equipment installation, new
product introduction, process development, staff recruitment, and team
building ensuring the creation of high-performing teams.

Jon Bridges, CEO of Velocity Composites, said: "Oliver adds a wealth of
operational experience across aerospace and related sectors, and he is a
welcome addition to our senior team as we grow our international capability.
On behalf of the whole team at Velocity we wish Oliver well in his new role
and thank Kevin Hickey for all his support since he temporarily rejoined the
Company in August 2023 as he returns to his retirement after a hand over to
Oliver."

Oliver Smalley said: "Velocity Composites is fast becoming known as a trusted
leader in the supply of composite kits globally, and it's exciting to be part
of that. As a process-driven and data-centric leader, I'm committed to
enabling teams to thrive in their roles and empowering individuals whilst
maintaining a clear focus on the organisation's goals. I believe in
collaboration and continuous improvement, ensuring both individual and
organisational success as we deliver our commitments to all stakeholders."

 

Enquiries:

 Velocity Composites plc             +44 (0) 1282 577577
 Andy Beaden, Chairman
 Jon Bridges, CEO
 Rob Smith, Chief Financial Officer

 Canaccord Genuity Limited           +44 (0) 20 7523 8000
 Nominated Adviser and Joint Broker
 Max Hartley
 George Grainger

 Dowgate Capital Limited             +44 (0) 20 3909 7715
 Joint Broker
 Russell Cook
 Nick Chambers

 SEC Newgate                         +44 (0)7540 106 366
 Financial Communications            velocity@secnewgate.co.uk
 Robin Tozer
 George Esmond
 Harry Handyside

 

About Velocity Composites plc

Based in Burnley, UK, Velocity is the leading supplier of composite material
kits to aerospace and other high-performance manufacturers, that reduce costs
and improve sustainability.  Customers include Airbus, Boeing, and GKN.

By using Velocity's proprietary technology, manufacturers can also free up
internal resources to focus on their core business.  Velocity has significant
potential for expansion, both in the UK and abroad, including into new market
areas, such as wind energy, urban air mobility and electric vehicles, where
the demand for composites is expected to grow.

 

 

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