2 April 2024
Filtronic plc
("Filtronic")
Directorate Change
Filtronic plc announces appointment of Nat Edington as CEO following the retirement of Richard Gibbs
Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, announces that Richard Gibbs, the Company's Chief Executive Officer ("CEO"), has informed the Company of his decision to step down from executive responsibilities at the end of the current financial year. Richard will relinquish his role of CEO and board member with effect from 13 May 2024 but will continue to be available to support the growth ambitions of the Company until November 2024.
Following the conclusion of a rigorous selection process by the Nomination Committee, the Company is pleased to announce that Nathaniel ("Nat") Edington has been appointed as the Group's new Chief Executive. Nat will assume the role of CEO and join the Board on 13 May 2024. In the meantime, he will work closely with Richard to ensure an orderly handover.
Nat brings a wealth of experience of both public and private technology companies. He has held a number of senior executive positions in the high technology and semiconductor industry, and was latterly CEO at Dukosi Ltd, where he led the business from early stage to global technology leader. Previously, Nat was CEO of Cambridge CMOS Sensors, and has held executive leadership positions at AMS AG and Wolfson Microelectronics, where he led the businesses through periods of rapid growth as well as a non-executive position at AIM-listed Concurrent Technologies plc. Nat has considerable knowledge and experience of the sector and the markets in which Filtronic operate and has demonstrated excellent leadership qualities aligned with Filtronic's people-focused culture, and drive for growth.
Jonathan Neale, Chair of Filtronic, said: "On behalf of the Board, I would like to thank Richard for his significant contribution over the last three and a half years. His passion and dedication will be missed by everyone at Filtronic, and we wish him the very best as he transitions to the next phase of his career. I am delighted to be able to announce Nat's appointment as CEO. During our selection process it was clear that Nat's understanding of Filtronic, its markets and potential, make him the ideal leader to replace Richard. We are confident that he will work, together with the excellent Executive Team, to lead Filtronic through the next phase of its growth trajectory."
Enquiries:
Filtronic plc | Tel. 01740 618800 or investor.relations@filtronic.com |
Richard Gibbs (Chief Executive Officer) | |
Michael Tyerman (Chief Financial Officer) | |
Cavendish Capital Markets Limited | Tel. 020 7220 0500 |
Jonny Franklin-Adams/George Dollemore (Corporate Finance) | |
Sunila de Silva (ECM) | |
Walbrook PR Limited | Tel. 020 7933 8780 or filtronic@walbrookpr.com |
Paul Vann Joe Walker | Mob. 07768 807 631 |
The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.
As required under Schedule Two, Paragraph (g) of the AIM Rules for Companies, further disclosures on Nathaniel Edington are as follows:
Full Name | Nathaniel Edington |
Age | 54 |
Current beneficial shareholding in the Group | None |
Current Directorships | Former Directorships (previous five years)
|
Ceres Holographics Limited Concurrent Technologies plc | Dukosi Limited |
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