CML Microsystems PLC Directorate Change (6193P)
February 18 2021 - 07:45AM
UK Regulatory
TIDMCML
RNS Number : 6193P
CML Microsystems PLC
18 February 2021
CML Microsystems Plc
(the "Group")
Directorate Change
CML Microsystems Plc, announces that, after almost seven years
with the Group, Hugh Rudden, Group Sales & Marketing Director,
has today advised the Board of his decision to retire. He will step
down from the Board on 31 May 2021.
Chris Gurry, Group Managing Director said :
"On behalf of the Board, I wish to thank Hugh, he has made a
very valuable contribution to the business throughout his tenure
for which the Board expresses its heartfelt thanks and good wishes
for a long and happy retirement".
CML Microsystems Plc www.cmlmicroplc.com
Chris Gurry, Group Managing Director Tel: +44 (0) 1621 875 500
Nigel Clark, Group Chairman & Financial
Director
Shore Capital Tel: +44 (0) 20 7408 4090
Edward Mansfield
James Thomas
Fiona Conroy - Corporate Broking
SP Angel Corporate Finance LLP Tel: +44 (0) 203 463 2260
Jeff Keating
Alma PR Tel: +44 (0) 20 3405 0205
Josh Royston
Caroline Forde
Robyn Fisher
About CML Microsystems PLC
CML develops mixed-signal, RF and microwave semiconductors for
global communications markets. The Group utilises a combination of
outsourced manufacturing and in-house testing with trading
operations in the UK, Asia and USA. CML targets sub-segments within
Communication markets with strong growth profiles and high barriers
to entry. It has secured a diverse, blue chip customer base,
including some of the world's leading commercial and industrial
product manufacturers.
The spread of its customers and diversity of the product range
largely protects the business from the cyclicality usually
associated with the semiconductor industry. Growth in its end
markets is being driven by factors such as the appetite for data to
be transmitted faster and more securely, the upgrading of telecoms
infrastructure around the world and the growing prevalence of
private commercial wireless networks for voice and/or data
communications linked to the industrial internet of things
(IIoT).
The Group is cash-generative, has no debt and is dividend
paying.
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END
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