30 May 2024
Xaar plc
Board
changes
Xaar plc ("Xaar" or "the Group" or
"the Company"), the leading inkjet printing technology group, is
pleased to announce the appointment of Dr Inken Braunschmidt as
Independent Non-Executive Director.
Inken joins the Board with effect
from 1 June 2024 and on appointment will be a member of the Audit,
Remuneration and Nomination Committees.
As previously disclosed, Alison
Littley had notified the Board of her intention to step down as a
Non-Executive Director of the Company during 2024. It is now
confirmed that Alison will leave the Board on 30 June 2024. Inken
will be appointed as Chair of Remuneration Committee on 1 July
2024.
Richard Amos, Non-Executive Director,
will replace Alison Littley as the Company's Senior Independent
Director on 1 July 2024.
Inken Braunschmidt is currently a
non-executive director of James Fisher and Sons plc, listed on the
London Stock Exchange, and Chair of its Remuneration Committee as
well as a member of the Audit and Nomination Committees. She was
Chief Innovation and Digital Officer and member of the Executive
Board of Halma plc until 2023. Prior to joining Halma plc in 2017,
Inken spent 13 years at RWE AG, the German energy giant, and its
renewables subsidiary innogy SE, where she held various
international leadership roles focusing on strategy, innovation,
digital transformation and change management. Inken studied
Business Administration, Innovation & Technology Management at
Kiel University and did her PhD thesis in Technology Management.
Inken is member of the Digital Programme Board of the Royal Academy
of Engineering.
Andrew Herbert, Chairman, commented:
"We
are delighted to welcome Inken to the Board and her expertise and
experience in international electronic engineering and digital
innovation and transformation are very relevant to the
opportunities and challenges that face Xaar. I would like to thank
Alison for her contribution and commitment to the Board of Xaar as
a director since 2020 and wish her the very best for the
future."
The Company confirms there is no
further information to be disclosed under the requirements of
Listing Rule 9.6.13R in relation to the appointment of Inken
Braunschmidt.
Enquiries:
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Xaar
plc
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+44 (0) 1223 423 663
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Ian Tichias, Chief Financial
Officer
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John Mills, Chief Executive
Officer
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Teneo
Giles Kernick
Olivia Lucas
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+44 (0) 207 353 4200
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