REG - Windar Photonics PLC - Directorate change

Windar PhotonicsAnnouncement

Tue 07:00

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RNS Number : 7225N  Windar Photonics PLC  06 January 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

6 January 2026

 

("Windar" or the "Company")

Directorate Change

 

Windar Photonics plc (AIM: WPHO), the technology group behind the
LiDAR-assisted monitoring and optimisation solution for multiple wind turbine
platforms, announces that Jørgen Korsgaard Jensen will step down from the
Board and his role as Chief Executive Officer with immediate effect.

Non-Executive Chairman, David Lis, has been appointed Interim Executive
Chairman and will lead the search to find a new Chief Executive Officer.  On
a permanent basis, Søren Belmar, Chief Financial Officer, will expand his
role to also now become Chief Operating Officer of the Company.

As previously announced, during 2025 Windar made significant progress,
strengthening the Company's sales team, with the appointment of new Vice
Presidents of Sales in the Americas and Europe, alongside significantly
expanding manufacturing capacity. Accordingly, the Board believes there will
be no change to the trading position of the business, and remains confident in
the Company's strong growth prospects going into 2026.

David Lis, Interim Executive Chairman, said:

"We have accepted Jørgen's decision to step away from the business at this
point and allow the team under new leadership to drive the process of scaling
the business to fulfil its clear potential. As the founder and creative force
behind Windar, Jorgen has been the catalyst for the Company's success and on
behalf of the Board, I would like to thank Jørgen for all he has done.

The Board believes the Company's growth trajectory remains very positive and
that the successful securing of new test project orders in North America and
Germany provide a strong foundation for 2026 and beyond. The search for a new
Chief Executive Officer is already underway, and we look forward to updating
shareholders on our progress in due course."

For further information, please contact:

 Windar Photonics plc
 David Lis, Interim Executive Chairman  Via Novella

 Søren Belmar, CFO / COO                Tel:  +45 53527276

 Zeus (Nominated Adviser and Broker)
 David Foreman / James Bavister         Tel: +44 (0) 20 3829 5000

 Novella Communications
 Tim Robertson / Safia Colebrook        Tel: +44 (0) 20 3151 7008

 

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