Xaar PLC Appointment of Chief Financial Officer (8715U)

TIDMXAR

RNS Number : 8715U

Xaar PLC

24 January 2017

24 January 2017

Xaar plc

Appointment of Chief Financial Officer

Xaar plc ("Xaar", "the Group" or "the Company"), the digital inkjet printing technology Group headquartered in Cambridge, UK, is pleased to announce the appointment of Lily Liu as Chief Financial Officer, Company Secretary and Director of the Board from Tuesday 2 May 2017.

Lily has spent the past four years at FTSE 100 Smiths Group PLC, where she has held a number of senior financial and management roles. Most recently, from 2014 to 2016, Lily was CFO of the Smiths Detection Division, with reported revenues of GBP526m for financial year 2016. Prior to this, Lily was Director of Financial Planning and Performance Analysis at the Group level, reporting to the Group Chief Financial Officer.

From 2005 to 2012 and before joining Smiths, Lily was with Edwards Ltd. Edwards, the world leader in the manufacture and supply of industrial vacuum systems, was part of the FTSE 100 BOC Group Plc until 2007, when it was acquired by private equity firm, CCMP. In 2012, Edwards had revenues of over GBP500m and listed on Nasdaq. From 2007 to 2012, Lily was the Finance Director for Global Operations, reporting to the Group Chief Financial Officer. Prior to that Lily held a number of other finance and management roles across the Edwards business and in the BOC Group.

Lily has an MBA from the Australian Graduate School of Management and a BA in Economics from Shanghai University of International Business and Economics. Lily is a chartered management accountant.

Doug Edwards, Chief Executive, commented:

"The Board is delighted that Lily chose to join Xaar. Lily's experience in fast moving Business to Business environments and her expertise in M&A, Operations and R&D means she brings a fantastic range of skills and experiences with her. We are confident she will make a valuable contribution as Xaar continue its progress toward the vision of generating annual revenues of GBP220m by 2020."

There are no other disclosures to be made pursuant to Listing Rule 9.6.13.

Contacts

 
 Xaar plc 
 Doug Edwards, CEO          [phone] 
                                  www.xaar.com 
 
 Tulchan Communications 
 James Macey White         [phone] 
 

This information is provided by RNS

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January 24, 2017 02:00 ET (07:00 GMT)