13 February 2025
Carclo plc
("the Company")
Appointment of Chief Financial
Officer
The Board of Carclo plc is pleased to announce
the appointment of Ian Tichias as Chief Financial Officer and
Executive Director.
As stated in the Company's interim results
announced in December 2024, Eric Hutchinson had informed the Board
of his intention to retire in 2025. Ian will join the Company and
the Board with effect from 1 April 2025 following Eric's retirement
on 31 March 2025. Ian will be supported by the Company's
experienced finance team developed by Eric during his
tenure.
Ian was previously the Chief Financial Officer
at Xaar PLC where he drove a financial turnaround and significant
systems and controls improvements over a period of over four years.
Ian brings strong experience as a finance leader in both listed and
private businesses. His experience spans both small, agile
international multi-site manufacturing operations and larger
companies with best-in-class systems and processes. Ian is a fellow
of the Institute of Chartered Accountants in England and Wales
having qualified with MacIntyre Hudson in 1996.
Joe Oatley, Chair, commented:
"I would like to express my sincere
thanks to Eric for his significant contribution to Carclo both as a
Board member and, latterly, as CFO. Eric stepped up to be CFO
from his position as a non-Executive Director when the Group was at
a critical point and he has been an integral part of driving the
turnaround, bringing both stability and improved performance to the
Group. We wish Eric well in his retirement.
I am delighted to welcome Ian Tichias
onto the Board and as CFO. He brings a wealth of finance
experience and expertise in a manufacturing environment, and we
look forward to him joining the team as we build on our turnaround
and deliver sustainable earnings growth into the
future."
Ian was a director of Xaar PLC from 1 March
2020 to 20 November 2024. The Company confirms that there is no
further information required to be disclosed pursuant to LR 6.4.8R
of the UK Listing Rules of the Financial Conduct Authority in
connection with Ian's appointment.
About Carclo
plc
Carclo plc is a public company whose shares are
quoted on the Main Market of the London Stock Exchange. The Carclo
Group is a global leader in
high-precision components with comprehensive, end-to-end
manufacturing capabilities. With expertise spanning mould design,
automation, production, assembly, and
printing, Carclo supports critical growth sectors,
particularly life sciences, aerospace, and optics, with tailored,
precision solutions.
LEI: 21380078MEM399JPI956
Enquiries:
Carclo
plc
+44 (0) 20 8685 0500
Frank Doorenbosch - Chief Executive
Officer
