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04 February 2025

Velocity Composites plc

("Velocity" or the "Company")

Appointment of Chief Operations Officer

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, announces the appointment of Oliver Smalley to the role of Chief Operations Officer ("COO"). 

In this non-Board role, Oliver will be focused on driving business process improvements, digital transformation, new product introduction and optimising operational efficiency as Velocity builds on the high levels of growth reported in the Company's results announced on 29 January 2025 and looks to capture new opportunities in the US and Europe.

With more than 20 years of experience in manufacturing, engineering and operational leadership spanning both composites and metallics, Oliver's career has included senior positions with Buoyancy Aerospace, BAE Systems and Brookhouse Aerospace.

In his previous roles he has also helped to develop greenfield factories across the UK and Europe and was responsible for the operational structure of the sites, overseeing manufacturing, engineering, quality control, health and safety, procurement and commercial functions.

In addition to his aerospace expertise, Oliver has led multiple manufacturing businesses, overseeing and driving business process improvements, digital transformation, engineering excellence, new product introduction (NPI), and standardising business practices to optimise operational efficiency and enhance EBITDA.

His previous responsibilities have included equipment installation, new product introduction, process development, staff recruitment, and team building ensuring the creation of high-performing teams.

Jon Bridges, CEO of Velocity Composites, said: "Oliver adds a wealth of operational experience across aerospace and related sectors, and he is a welcome addition to our senior team as we grow our international capability. On behalf of the whole team at Velocity we wish Oliver well in his new role and thank Kevin Hickey for all his support since he temporarily rejoined the Company in August 2023 as he returns to his retirement after a hand over to Oliver."

Oliver Smalley said: "Velocity Composites is fast becoming known as a trusted leader in the supply of composite kits globally, and it's exciting to be part of that. As a process-driven and data-centric leader, I'm committed to enabling teams to thrive in their roles and empowering individuals whilst maintaining a clear focus on the organisation's goals. I believe in collaboration and continuous improvement, ensuring both individual and organisational success as we deliver our commitments to all stakeholders."

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About Velocity Composites plc

Based in Burnley, UK, Velocity is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability.  Customers include Airbus, Boeing, and GKN.

By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business.  Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.