Velocity Composites PLC Directorate Change (0690O)
June 08 2022 - 1:01AM
UK Regulatory
TIDMVEL
RNS Number : 0690O
Velocity Composites PLC
08 June 2022
8 June 2022
Velocity Composites plc
("Velocity" or the "Company")
Directorate Change
Velocity Composites plc (AIM: VEL.L), the leading supplier of
advanced composite material kits to the aerospace market and other
high-performance manufacturers, announces that Chris Williams will
step down from his position as Group Finance Director and will
leave the Company at the end of December 2022, to pursue other
business and personal interests.
The Company will commence a process to identify and appoint a
new Group Finance Director shortly and further announcements will
be made, as appropriate. Mr Williams remains committed to the Group
until his departure and will provide an orderly handover to the
Company's new Group Finance Director.
Enquiries:
Velocity Composites plc
Andy Beaden, Chairman
Jon Bridges, Chief Executive Officer +44 (0) 1282 577577
Cenkos Securities plc
Nominated Adviser and Broker
Katy Birkin
Ben Jeynes
George Lawson +44 (0) 20 7397 4000
SEC Newgate +44 (0)7540 106 366
Financial PR velocitycomposites@secnewgate.co.uk
Robin Tozer / Richard Bicknell
About Velocity Composites
Based in Burnley, UK, Velocity Composites is the leading
supplier of composite material kits to aerospace and other
high-performance manufacturers, that reduce costs and improve
sustainability. Customers include Airbus, Boeing, and GKN.
By using Velocity's proprietary technology, manufacturers can
also free up internal resources to focus on their core business.
Velocity has significant potential for expansion, both in the UK
and abroad, including into new market areas, such as wind energy,
urban air mobility and electric vehicles, where the demand for
composites is expected to grow.
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END
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