REG - Xaar PLC - Board changes

XaarAnnouncement

20/11/2024 07:00

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RNS Number : 8668M  Xaar PLC  20 November 2024

20 November 2024

 

Xaar plc

 

Board changes

 

Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing
technology group, announces that Ian Tichias has resigned as Chief Financial
Officer ("CFO") and Executive Director to pursue other opportunities.

 

The Company has commenced its search for a permanent CFO and will provide
updates in due course.

 

Until a permanent CFO is appointed, Paul James has been appointed as Interim
CFO and Executive Director. He has extensive experience having been Group CFO
of Biffa from September 2023 until October 2024 and Group CFO of Genuit Group
plc from March 2018 to September 2023. Mr James has held senior financial
roles with Dixons Carphone plc, Inchcape plc, British American Tobacco plc and
Ernst and Young.

 

Andrew Herbert, Chairman, commented:

 

"I would like to thank Ian for his contribution and commitment to the Board of
Xaar as Chief Financial Officer since 2020. He has played a significant role
in delivering a re-invigorated strategy and leaves Xaar with a healthy balance
sheet ensuring that the business is well-positioned to capitalise upon the
significant market opportunities that lay ahead of it. We wish him the very
best for the future.

 

We are pleased to have someone of Paul's calibre as interim CFO and his
experience will help us maximise the Group's significant opportunity."

 

Notes:

 

The Company confirms there is no further information to be disclosed under the
requirements of Listing Rule 6.4.8R in relation to the appointment of Paul
James.

 

With the agreement of the Board, Mr Tichias' resignation will take effect
immediately.

 

Enquiries:

 

 Xaar plc                             +44 (0) 1223 423 663

 John Mills, Chief Executive Officer

 Andrew Herbert, Chairman

 Julia Crane, Company Secretary
                                      +44 (0) 207 353 4200

 Teneo

 Giles Kernick

 Olivia Lucas

 

 

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