20 November 2024
Xaar plc
Board
changes
Xaar plc ("Xaar" or "the Group" or
"the Company"), the leading inkjet printing technology group,
announces that Ian Tichias has resigned as Chief Financial Officer
("CFO") and Executive Director to pursue other opportunities.
The Company has commenced its search
for a permanent CFO and will provide updates in due
course.
Until a permanent CFO is appointed,
Paul James has been appointed as Interim CFO and Executive
Director. He has extensive experience having been Group CFO of
Biffa from September 2023 until October 2024 and Group CFO of
Genuit Group plc from March 2018 to September 2023. Mr James has
held senior financial roles with Dixons Carphone plc, Inchcape plc,
British American Tobacco plc and Ernst and Young.
Andrew Herbert, Chairman, commented:
"I
would like to thank Ian for his contribution and commitment to the
Board of Xaar as Chief Financial Officer since 2020. He has played
a significant role in delivering a re-invigorated strategy and
leaves Xaar with a healthy balance sheet ensuring that the business
is well-positioned to capitalise upon the significant market
opportunities that lay ahead of it. We wish him the very best for
the future.
We
are pleased to have someone of Paul's calibre as interim CFO and
his experience will help us maximise the Group's significant
opportunity."
Notes:
The Company confirms there is no
further information to be disclosed under the requirements of
Listing Rule 6.4.8R in relation to the appointment of Paul
James.
With the agreement of the Board, Mr
Tichias' resignation will take effect immediately.
Enquiries:
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Xaar
plc
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+44 (0) 1223 423 663
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John Mills, Chief Executive
Officer
Andrew Herbert, Chairman
Julia Crane, Company
Secretary
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Teneo
Giles Kernick
Olivia Lucas
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+44 (0) 207 353 4200
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