TIDMXAR

RNS Number : 5995P

Xaar PLC

30 May 2018

Xaar plc

Board Change

Xaar plc, ("Xaar" or the "Company") the world leader in industrial inkjet technology, announces that Lily Liu, Chief Financial Officer, has decided to leave the Company to take up the position of Chief Financial Officer at Essentra, a FTSE 250 Company.

Lily will remain with the Company until 14 November 2018, ensuring a smooth and orderly handover of responsibilities. A formal process to recruit her successor has commenced.

Should any gap arise between the date of Lily's departure and the appointment of a new CFO, Shomit Kenkare who was recently recruited by Xaar to lead its corporate development, joining on 1 June 2018, has agreed to assume the role of Interim CFO. Shomit was previously Divisional CFO and VP of Finance at Kodak.

Doug Edwards, CEO, commented:

"On behalf of the Board I would like to thank Lily for the contribution she has made during her tenure and wish her all the best for the future."

Enquiries:

 
Xaar plc Lily Liu, CFO        +44 (0)1223 423 663 
  Doug Edwards, CEO    www.xaar.com 
 
Tulchan Communications James Macey White    +44 (0) 207 353 4200 
  Deborah Roney 
  David Ison

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END

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May 30, 2018 02:01 ET (06:01 GMT)

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