LightwaveRF PLC Board Changes (8626Q)

TIDMLWRF

RNS Number : 8626Q

LightwaveRF PLC

11 June 2018

11 June 2018

LightwaveRF plc

(AIM: LWRF)

Board Changes

LightwaveRF plc ("LightwaveRF" or the "Company"), the leading smart homes solutions provider, announces the following board changes.

Andrew Pearson has stepped down from the role of Chief Executive and has left the Company. He is being replaced as Chief Executive by Jason Elliott who is expected to join the Company no later than mid-September 2018. In the interim, the Company's Chief Financial Officer, Kevin Edwards, will be acting Chief Executive with immediate effect.

Jason Elliott is currently Chief Sales Officer for Onzo Ltd, which provides energy data analytics to major utilities, and through which he has gained first-hand experience of the smart home market. He was previously Divisional Managing Director of SafetyBank, the safety management software company, a wholly owned subsidiary of Olive Communications Solutions Limited. Prior to that, he held a number of senior sales roles at Azzurri Communications Limited, the cloud hosting and data management provider, now part of Maintel Holdings plc. He has a strong technical grounding, from a seven-year term at the start of his career, serving as an engineer in the Royal Navy Submarine Service.

Commenting on the board changes, Barry Gamble, Chairman, said:

"I would like to thank Andrew Pearson for the contribution he has made and wish him well in his future career.

"We look forward to welcoming Jason Elliott who brings with him a strong sales track record and a good understanding of the energy and related markets, which the Company is seeking to address. His experience in fast moving technology businesses and the smart home market is highly relevant to LightwaveRF at this time.

"Kevin Edwards has a good commercial understanding of the business and his appointment as acting CEO will ensure strong interim leadership in the period before Jason assumes his new role."

There is no information to disclose in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies in relation to the appointment of Jason Gary Elliott, aged 48.

For further information:

 
 LightwaveRF plc                              www.lightwaveRF.com 
  Barry Gamble, Chairman                       [phone] 
  Kevin Edwards, Acting CEO 
 Stockdale Securities Limited                 www.stockdalesecurities.com 
  Tom Griffiths/Edward Thomas                  [phone] 
                                             ---------------------------- 
 Yellow Jersey PR                             www.yellowjerseypr.com 
  Charles Goodwin/Abena Affum/Katie Bairsto    [phone] 
                                             ---------------------------- 
 

About LightwaveRF

LightwaveRF plc ("LightwaveRF" or the "Company") pioneered smart home automation with the introduction of the market's first Internet enabled devices in 2008. Today the Company markets a complete smart home system for lighting, heating, power and security.

LightwaveRF offers a cloud platform and an extensive range of retrofitted LightwaveRF designed and manufactured sockets, dimmers, relays, thermostats, heating, energy, sensing, monitoring and control devices. These devices are operated by conventional manual control, handheld remote, smartphone and tablet based apps. The LightwaveRF system can also be operated using Google Assistant and Amazon Alexa voice control, is Apple HomeKit compatible and provides users with dashboards to manage their smart home.

We are dedicated to making everyone's lives easier and more fulfilled through world leading smart home technology.

For further information and to sign up for investor news alerts please visit:

www.lightwaverf.com/corporate/

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June 11, 2018 02:00 ET (06:00 GMT)