Filtronic PLC Appointment of new CEO (0567V)

TIDMFTC

RNS Number : 0567V

Filtronic PLC

04 August 2020

4 August 2020

Filtronic plc

Appointment of Chief Executive Officer ('CEO')

Filtronic plc (AIM: FTC), the designer and manufacturer of products for the critical communications, wireless telecoms and defence & aerospace markets, is pleased to announce the appointment of Richard Gibbs as CEO. Richard's formal start date with the Company will be 1 September 2020.

Richard is an experienced director who has led a number of business operations supplying semiconductor, RF and electronics subsystems to the telecoms, aerospace, defence, medical and oil & gas markets. Richard joins us from Micross Components Ltd, a PE owned company, where he has been Managing Director since 2016. Prior to his time at Micross, Richard spent nine years at E2V Technologies, where he was Group Sales & marketing Director and President of the RF Product and Hi-Reliability Semiconductors Divisions, and 20 years with Honeywell, of which 10 years were spent managing overseas operations.

Reg Gott, Chairman, commented:

"I am delighted to welcome Richard to the Company. He brings a wealth of relevant experience, technology and sector credentials to Filtronic and this combined with his strong track record of business growth & development position him well to provide the leadership required to deliver the next phase of our strategy."

Richard Gibbs said:

"Filtronic has an unrivalled reputation as a provider of state-of-the-art RF products and innovative telecom solutions and I am delighted to have the chance to join them for the next stage in their development. I very much look forward to building on the established technology platforms and deep engineering knowledge to expand the current customer base and reach new and adjacent markets."

Enquiries:

 
 Filtronic plc                               Tel. [phone] or [e-mail] 
 Reg Gott (Executive Chairman) 
 Michael Tyerman (Chief Financial Officer) 
 
 
 finnCap Ltd                                 Tel. [phone] 
 Jonny Franklin-Adams / Hannah Boros / Kate Washington (Corporate Finance) 
 Alice Lane / Sunila de Silva (ECM) 
 
 Walbrook PR Limited                         Tel. [phone] or [e-mail] 
 Paul Vann                                   Mob. [phone] 
 

Notes:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Additional Information

The following disclosers are made in accordance with the AIM Rules for Companies. Other than this information, there is no further information required to be disclosed under paragraph (g) of Schedule Two of the AIM Rules for Companies:

 
 Full Name                          Richard William Gibbs 
 Age                                61 
                                   --------------------------------- 
 Current beneficial shareholding    None 
  in the Group 
                                   --------------------------------- 
 Current Directorships              Former Directorships (previous 
                                     five years) 
                                   --------------------------------- 
 G2 Technologies LTD                Micross Components Limited 
                                     Micross Components Holdings LTD 
                                     Micross UK Solutions Limited 
                                     Eltek Semi-Conductors Limited 
                                     Tru-Form Limited 
                                     Die Technology Limited 
                                     Mintech Semiconductors Limited 
                                     TS2 Micro Limited 
                                   --------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

BOADZLBBBVLFBBL

(END) Dow Jones Newswires

August 04, 2020 04:00 ET (08:00 GMT)