Xaar PLC Appointment of CFO and Company Secretary (9572E)

TIDMXAR

RNS Number : 9572E

Xaar PLC

24 October 2018

24 October 2018

Xaar plc

Appointment of Chief Financial Officer and Company Secretary

Xaar plc ("Xaar", "the Group" or "the Company"), the digital inkjet printing and 3D technology Group headquartered in Cambridge, UK, is pleased to announce the appointment of Shomit Kenkare as Chief Financial Officer and Director of the Board from 15 November 2018.

Shomit initially joined Xaar as Head of Corporate Development in June 2018 from Kodak, the NYSE-listed technology firm, where he held a number of senior global financial and management roles in a career spanning twenty years.

Shomit's final nine years at Kodak were spent in the Commercial Printing industry. His most recent role was CFO and VP of Finance for Kodak's Enterprise Inkjet, Software and Solutions, and Advanced Materials and Micro 3D Printing divisions, where he was responsible for developing and implementing the financial strategy of businesses in both growth and maturity phases. Prior to this, Shomit was Divisional CFO for the Digital Printing and Enterprise division and before that Finance Director for the EMEA region.

Since joining Xaar, Shomit has led the Group's strategic partnerships and M&A activities, including supporting the joint investment partnership with Stratasys, while playing an active role in the Board's strategic review of the Printhead business.

Camila Cottage, Corporate Reporting Manager, is named Company Secretary in addition to her current responsibilities, effective 15 November 2018. Camila is responsible for corporate compliance and reporting across the Group. She became ACCA qualified in 2008, while working at Ernst & Young LLP in Audit for 6 years, and joined Xaar in 2011 as the Financial Accountant.

Doug Edwards, Chief Executive, commented:

"With his extensive global industry experience and exceptional financial credentials, I have no doubt that Shomit's knowledge and strategic insight will be of immense value to the Group. Shomit has made a significant, positive impression in the short time he has been at the business, and I look forward to working closely with him as we continue with our business transformation."

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 
  David Ison 
  Deborah Roney            [phone] 
 

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October 24, 2018 02:00 ET (06:00 GMT)