Filtronic PLC, a designer and manufacturer of products for aerospace, defense, space, and telecoms infrastructure markets, has announced the retirement of Richard Gibbs, the current Chief Executive Officer (CEO). Gibbs will step down from executive responsibilities at the end of the current financial year, with his role and board membership ending on 13 May 2024. However, he will continue to support the company's growth ambitions until November 2024.
Following a rigorous selection process, Nathaniel ("Nat") Edington has been appointed as the new CEO and will join the Board on 13 May 2024. Edington brings a wealth of experience in the high technology and semiconductor industry, having held senior executive positions in various technology companies. His previous roles include CEO at Dukosi Ltd and Cambridge CMOS Sensors, as well as executive leadership positions at AMS AG and Wolfson Microelectronics. He also held a non-executive position at AIM-listed Concurrent Technologies plc.
Jonathan Neale, Chair of Filtronic, expressed gratitude to Richard for his significant contribution and announced Nat's appointment as CEO, stating that Nat's understanding of Filtronic, its markets, and potential make him the ideal leader to replace Richard. The Board is confident that Edington, together with the Executive Team, will lead Filtronic through the next phase of its growth trajectory.
As required under Schedule Two, Paragraph (g) of the AIM Rules for Companies, further disclosures on Nathaniel Edington are provided, including his full name, age, current beneficial shareholding in the Group, current directorships, and former directorships in the previous five years.
For further information, investors and interested parties can contact Filtronic plc or its representatives at Cavendish Capital Markets Limited and Walbrook PR Limited.
The information communicated in the announcement is considered inside information for the purposes of Article 7 of EU Regulation 596/2014.