Concurrent Technologies PLC Board Changes (2860Y)
May 12 2021 - 3:00AM
UK Regulatory
TIDMCNC
RNS Number : 2860Y
Concurrent Technologies PLC
12 May 2021
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain
12 May 2021
Concurrent Technologies Plc
Board Changes
Concurrent Technologies Plc (AIM: CNC), a world leading
specialist in the design and manufacture of high-performance
embedded computer boards for critical applications, is pleased to
announce the appointment of Dr Miles Adcock as Chief Executive
Officer and as an executive director of the Company with effect
from 21 June 2021.
The Company also announces today that Jane Annear, Managing
Director, has given notice of her retirement after 36 years of
outstanding service to the Company. Jane will work to support Miles
in her remaining time with the Company in order to ensure an
orderly transition and will continue as an executive director of
the Company during that time.
Dr Miles Adcock is currently President of Space Imaging at
Teledyne Technologies Inc. Prior to joining Teledyne, Miles held
senior roles at QinetiQ Group plc including as Managing Director of
its Cyber, Information & Training business unit and as Group
Engineering Director. He has previously worked at BAE Systems and
GEC Marconi. A Chartered Engineer and a Chartered Physicist, he
received his PhD in Adaptive Optics from Imperial College,
London.
Mark Cubitt, Non-executive Chairman of Concurrent Technologies,
commented:
"We are delighted to welcome Miles as Chief Executive Officer of
Concurrent Technologies. His experience in growing international
based technology companies will help drive forward the Company to
take the next steps in our development as a leading player in the
high performance embedded market. It is also important we recognise
today the significant role Jane has played in the growth of the
Company, which she has served since she joined as our second
employee on incorporation in 1985."
Dr Miles Adcock commented:
"I am very pleased to take up this role. Concurrent Technologies
is a fantastic organisation. We have great people and technological
capabilities and a competitive customer offering. I look forward to
leading Concurrent Technologies in its next phase of growth and
creating value for all our stakeholders."
Jane Annear, Managing Director, commented:
"It has been a privilege to lead the team at Concurrent
Technologies for the last 2 years and I would like to thank all of
our employees for their commitment and support during that time. I
am pleased to welcome Miles to the role of Chief Executive Officer
in a new and exciting era for the Company."
Enquiries:
Concurrent Technologies Plc
Jane Annear, Managing Director +44 (0)1206 752626
Newgate (Financial PR)
Bob Huxford +44 (0)20 7653 9848
Isabelle Smurfit +44 (0)20 3757 3411
Cenkos Securities Plc (NOMAD)
Neil McDonald +44 (0)131 220 9771
Peter Lynch +44 (0)131 220 9772
The following information regarding the appointment of Dr Miles
Adcock (aged 48) is required to be disclosed under Schedule 2(g) of
the AIM Rules for Companies:
Full Name: Miles John Adcock
Current Directorship / South East LEP Limited
Partnerships: Teledyne e2v Ltd
Teledyne UK Limited
Previous Directorship / BJ Trustee Limited
Partnerships: Bolden James Limited
Cuesim Limited
Gyldan 11 Limited
Leading Technology Limited
Qinetiq Special Project Inc.
There are no further disclosures to be made under Schedule 2(g)
of the AIM Rules for Companies.
Note to Editors:
About Concurrent Technologies Plc
Concurrent Technologies Plc develops and manufactures high-end
embedded computer products for use in a wide range of high
performance, long life cycle applications within the
telecommunications, defence, security, telemetry, scientific and
aerospace markets, including applications within extremely harsh
environments. The processor products feature Intel(R) processors,
including the latest 9th generation embedded Intel(R) Core(TM)
processors, Intel(R) Xeon(R) and Intel Atom(R) processors. The
products are designed to be compliant with industry specifications
and support many of today's leading embedded Operating Systems. The
products are sold world-wide.
For more information on Concurrent Technologies Plc and its
products please visit www.gocct.com.
All trademarks, registered trademarks and trade names used in
this announcement are the property of their respective owners.
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END
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