REG - Velocity Composites - Board Change

Velocity CompositesAnnouncement

23/04/2026 07:00

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RNS Number : 6394B  Velocity Composites PLC  23 April 2026

23 April 2026

Velocity Composites plc

("Velocity" or the "Company")

Board Change

 

Velocity Composites plc (AIM: VEL), the leading supplier of advanced composite
material kits to the aerospace market, today announces that Rob Smith has
informed the Board of his intention to retire from the role of Chief Financial
Officer and from the Board by 31 October 2026, subject to a suitable
replacement taking office.

 

Rob was appointed Chief Financial Officer in 2024 and, since that time, has
helped oversee the Company's progress through a period of significant
operational and commercial development.

 

Rob Smith will continue to serve as Chief Financial Officer until the end of
the current financial year, while supporting a comprehensive handover to his
eventual successor. Following his retirement from the Board, he will remain
with the Company in his capacity as Company Secretary, ensuring continuity and
ongoing support.

 

The Board has commenced a process to identify a successor Chief Financial
Officer with assistance from a specialist recruitment agency and will make a
further announcement in due course.

 

Andy Beaden, Chairman, Velocity, said: "Rob has made a substantial
contribution to Velocity since his appointment, providing steady financial
leadership during a period of important development for the Company. We are
grateful for his commitment in remaining with the business through to the end
of the financial year and for agreeing to continue as Company Secretary, which
will greatly assist the transition and ensure continuity for the Company."

 

Enquiries:

 

 Velocity Composites plc                    +44 (0) 1282 577577

 Jon Bridges, Chief Executive Officer

 Rob Smith, Group Chief Financial Officer

 Canaccord Genuity Limited                  +44 (0) 20 7523 8000

 Nominated Adviser and Joint Broker

 Max Hartley

 George Grainger

 Singer Capital Markets                     +44 (0) 20 3903 7715

 Joint Broker

 Russell Cook

 Dan Ingram

 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 the aerospace industry, 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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