TT Electronics PLC Directorate Change (1842W)

TIDMTTG

RNS Number : 1842W

TT Electronics PLC

09 December 2019

9 December 2019

TT Electronics plc

Directorate change

TT Electronics ("TT"), the global provider of engineered electronics for performance critical applications, announces that Neil Carson has informed the Board of his intention to step down as Chairman of TT due to his increasing external commitments.

Neil, who is also non-executive chairman of Oxford Instruments plc and non-executive director of Royal Dutch Shell plc, joined TT as Chairman in May 2015 and has led the Board during a period of significant transformation. During Neil's chairmanship TT has become a higher quality and better-balanced business.

The formal process to find and appoint Neil's replacement has begun and Neil will continue as Chairman until a successor is appointed.

 
 For further information please 
  contact: 
 TT Electronics plc                 Tel: +44 (0)1932 825 300 
 Richard Tyson, Chief Executive Officer 
  Mark Hoad, Chief Financial Officer 
  Emma Darke, Head of Investor Relations and Communications 
 
 MHP                                Tel: +44 (0)20 3128 8100 
 Tim Rowntree / Guy Featherstone

About TT Electronics

The company operates in industries where there are structural growth drivers, working with market-leading customers in industrial, medical, aerospace and defence, and transportation sectors. Products designed and manufactured include sensors, power management devices and connectivity solutions. TT has design and manufacturing facilities in the UK, North America, Sweden and Asia.

The company has three divisions. The Sensors and Specialist Components division works with customers to develop standard and customised solutions including sensors and power management devices. Our solutions improve the precision, speed and reliability of critical aspects of our customers' applications. The Power and Connectivity division designs and manufactures power application products and connectivity devices which enable the capture and wireless transfer of data. We collaborate with our customers to develop innovative solutions to optimise their electronic systems. The Global Manufacturing Solutions division provides manufacturing services and engineering solutions for our product divisions and to customers that often require a lower volume and higher mix of different products. We manufacture complex integrated product assemblies for our customers and provide engineering services including designing testing solutions and value-engineering.

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