REG - Velocity Composites - Directorate Change

Velocity CompositesAnnouncement

08/06/2022 07:00

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RNS Number : 0690O  Velocity Composites PLC  08 June 2022

8 June 2022

 

Velocity Composites plc

("Velocity" or the "Company")

 

Directorate Change

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced
composite material kits to the aerospace market and other high-performance
manufacturers, announces that Chris Williams will step down from his position
as Group Finance Director and will leave the Company at the end of December
2022, to pursue other business and personal interests.

 

The Company will commence a process to identify and appoint a new Group
Finance Director shortly and further announcements will be made, as
appropriate. Mr Williams remains committed to the Group until his departure
and will provide an orderly handover to the Company's new Group Finance
Director.

 

 

Enquiries:

 

 Velocity Composites plc                +44 (0) 1282 577577

 Andy Beaden, Chairman

 Jon Bridges, Chief Executive Officer

 Cenkos Securities plc                  +44 (0) 20 7397 4000

 Nominated Adviser and Broker

 Katy Birkin

 Ben Jeynes

 George Lawson

 SEC Newgate                            +44 (0)7540 106 366

 Financial PR                           velocitycomposites@secnewgate.co.uk

 Robin Tozer / Richard Bicknell

About Velocity Composites

Based in Burnley, UK, Velocity Composites 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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