Source - LSE Regulatory
RNS Number : 3913G
Velocity Composites PLC
11 March 2024
 

11 March 2024

 

Velocity Composites plc

("Velocity" or the "Company")

 

Appointment of Chief Financial Officer

 

Velocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market, is pleased to announce the appointment of Robert (Rob) Smith to the Board of the Company as Group Chief Financial Officer (CFO) and Company Secretary, with effect from 3 June 2024. 

 

Rob is a chartered management accountant with significant experience in leadership roles in a number of AIM quoted technology companies, where he has been instrumental in leading growth strategies and improving operational efficiencies. Rob has a proven track record in advanced manufacturing at both CFO and CEO level, including manufacturing systems implementation and international commercial leadership. Most recently Rob served as Group CFO at Biome Technologies plc and prior to that, in the CFO and CEO roles at Filtronic plc between 2014 and 2020, an electronics designer and manufacturer of advanced filters, antennas and transceivers.

 

Rob was Finance Director of APC Technology Group, a specialist distributor and manufacturer of electronic components and semiconductor products with a focus on green technology industries between 2010 and 2014. 

 

The Board would like to thank Andrew Hebb for his significant contribution as the Company's Interim Chief Financial Officer since August 2023.  

 

Andy Beaden, Chairman, commented:

 

"We are delighted to have Rob join the board, as our new permanent CFO. Like Andrew Hebb, Rob has very significant experience as a seasoned CFO of AIM listed businesses.  Rob comes with extensive knowledge of advanced manufacturing and international finance, especially in North America and Continental Europe.  This enables him to support our growth strategy and lead development of our finance function as we continue our international expansion." 

 

Regulatory Disclosures 

 

In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, Robert St John Smith (aged 59) is, or has been within the last five years, a director or partner in the following companies and partnerships: 

 

Current directorships/partnerships

Directorships/partnerships held within the last five years

Aquasol Limited

Biome Bioplastics Limited

Biome Technologies plc

Biome Bioplastics Inc.

Ingel Technologies Limited

Stanelco RF Technologies Limited

 

Autocore Limited

Filtronic plc

Filtronic Broadband Limited

Filtronic Holdings UK Limited

Filtronic Wireless Limited

Filtronic Wireless Inc

Kaelus Antennas AB (formerly Filtronic Wireless AB)

Filtronic Wireless Suzhou

Isotek Limited

Isotek (Holdings) Limited

Isotek Hong Kong Holdings Limited

Isotek Suzhou Limited

Remanufactured Systems Limited

 

 

 

 

Mr Smith does not currently hold any ordinary shares in the Company.

 

Enquiries:

 

Velocity Composites plc

Andy Beaden, Chairman

Jon Bridges, Chief Executive Officer

Andrew Hebb, Interim Chief Financial Officer

 

 

+44 (0) 1282 577577

Cavendish Capital Markets Limited

Nominated Adviser and Joint Broker

Katy Birkin

Ben Jeynes

George Lawson

 

 

 

+44 (0) 20 7220 0500

Dowgate Capital Limited

Joint Broker

Russell Cook

Nick Chambers

 

           

+44 (0) 20 3903 7715

 

SEC Newgate

Financial Communications

Robin Tozer

George Esmond

Harry Handyside

 

 

+44 (0)7540 106 366

velocity@secnewgate.co.uk

 

 

 

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