Kromek Group PLC Appointment of Non-executive Director (4438B)
October 08 2020 - 2:00AM
UK Regulatory
TIDMKMK
RNS Number : 4438B
Kromek Group PLC
08 October 2020
8 October 2020
Kromek Group plc
("Kromek" or the "Group")
Appointment of Non-executive Director
Kromek (AIM: KMK), a worldwide supplier of detection technology
focusing on the medical, security screening and nuclear markets,
announces the appointment of Mr Rakesh Sharma OBE as a
Non-executive Director of the Group with immediate effect.
Mr Sharma, aged 59, is a former FTSE 250 CEO with 20 years'
experience in running international hi-tech engineering and
manufacturing businesses. He was instrumental in the growth of
Ultra Electronics Holdings plc, the LSE-listed group that
specialises in providing engineering solutions for mission-critical
systems in the defence, security, critical detection and control
markets. Having joined at its formation in 1993, Mr Sharma presided
over significant revenue and profit growth across multiple
director-level and divisional roles, including in North America,
latterly serving for six years as CEO. He began his career in 1983
in the military radio division of Marconi Communication Systems
Ltd. In 1989, he joined Dowty Group as a chief engineer before it
was acquired by TI Group in 1992, which a year later became Ultra
Electronics Holdings following a management buy-out.
Since 2017, Mr Sharma has sat on the Board of LSE-listed
PayPoint plc, a provider of omnichannel payments solutions and
EPoS-enabled technologies, where he serves as Senior Independent
Director. He also supports a range of small businesses and
entrepreneurs in a non-executive capacity. Mr Sharma was elected as
a Fellow of the Royal Academy of Engineering in 2016 and was
honoured in the 2017 Queen's Birthday Honours List with an OBE for
services to defence capability.
Sir Peter Williams CBE, Chairman of Kromek, said: "I am
delighted to welcome Rakesh to the Board of Kromek. Throughout a
distinguished career in global technology and engineering
businesses, Rakesh has successfully channelled innovation to
deliver growth and create value. In particular, he brings
significant experience in the security and defence sector, which is
a key market for Kromek. We look forward to benefiting from his
considerable expertise as we continue to advance our business."
Rakesh Sharma OBE said : "I am delighted to be joining Kromek, a
growing and ambitious company which is developing important
products to help safeguard lives and property as well as, through
early diagnosis, improve outcomes of people suffering from
debilitating illnesses. I will bring my extensive experience in the
security and defence sector to help and assist wherever I can. This
is an exciting challenge for me personally and I look forward to
working with the Board and making a real contribution to the
success of this dynamic company."
Other than as set out below, there are no other matters required
to be disclosed pursuant to paragraph (g) of Schedule Two to the
AIM Rules for Companies as regards Mr Sharma's appointment. Mr
Sharma does not hold any shares in the Group.
Active Directorships:
ARTEMIS SOLUTIONS GROUP LIMITED (07418955)
BANG CURRY LIMITED (07932659)
HOLMES NOBLE CONSULTING LIMITED (12435536)
HOLMES NOBLE INTERIM LIMITED (10709395)
HOLMES NOBLE LIMITED (05323385)
INKWELL DATE LIMITED (630139)
PAYPOINT PLC (03581541)
SHARMA CAPITAL PARTNERS LTD (11705458)
SIDNEY STRINGER MULTI ACADEMY TRUST (06672920)
Directorships held within the last five years:
AARDVARK ELECTRONIC COMPONENTS LIMITED (SC099277)
AEP NETWORKS LIMITED (04479308)
AUDIOSOFT LIMITED (03009992)
AUDIX BROADCAST LIMITED (06344805)
BLUE SKY GROUP (INTERNATIONAL) LIMITED (04322751)
CORVID HOLDINGS LIMITED (FC034202)
CORVID PROTECT HOLDINGS LIMITED (FC034204)
DF GROUP LIMITED (03574242)
EW SIMULATION TECHNOLOGY LIMITED (03155211)
EXTEC INTEGRATED SYSTEMS LIMITED (02992812)
FERRANTI AIR SYSTEMS LIMITED (03061216)
GIGA COMMUNICATIONS LIMITED (05068503)
PAYGATE SOLUTIONS LIMITED (FC034203)
POWER MAGNETICS AND ELECTRONIC SYSTEMS LIMITED
(02984371)
TRANSMAG POWER TRANSFORMERS LIMITED (04010087)
UE DORMANT ONE (01332065)
ULTRA ELECTRONICS (NETHERLANDS) LIMITED (10317509)
ULTRA ELECTRONICS AEP PAYMENTS LIMITED (07517674)
ULTRA ELECTRONICS AEP TECHNOLOGY LIMITED (05206886)
ULTRA ELECTRONICS ENTERPRISES (USA), LLC (FC027728)
ULTRA ELECTRONICS HOLDINGS PLC (02830397)
ULTRA ELECTRONICS JERSEY UNLIMITED (FC028009)
ULTRA ELECTRONICS LIMITED (02830644)
ULTRA ELECTRONICS SWISS HOLDINGS COMPANY LIMITED
(10390613)
VADOS SYSTEMS LIMITED (05178688)
VARISYS LIMITED (04083768)
W & D HOLDINGS LIMITED (04645977)
WOOD & DOUGLAS LIMITED (02844692)
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Derek Bulmer, CFO +44 (0)1740 626 060
Cenkos Securities plc (Nominated Adviser
and Broker)
Max Hartley (NOMAD)
Julian Morse (Sales) +44 (0)20 7397 8900
Luther Pendragon (PR)
Harry Chathli
Claire Norbury
Alexis Gore
Joe Quinlan +44 (0)20 7618 9100
About Kromek Group plc
Kromek Group plc is a technology group (global HQ in County
Durham) and a leading developer of high performance radiation
detection products based on cadmium zinc telluride ("CZT") and
other advanced technologies. Using its core technology platforms,
Kromek designs, develops and produces x-ray and gamma ray imaging
and radiation detection products for the medical, security
screening and nuclear markets.
The Group's products provide high resolution information on
material composition and structure and are used in multiple
applications, ranging from the identification of cancerous tissues
to hazardous materials, such as explosives, and the analysis of
radioactive materials.
The Group's business model provides a vertically integrated
technology offering to customers, from radiation detector materials
to finished products or detectors, including software, electronics
and application specific integrated circuits ("ASICs").
The Group has operations in the UK and US (California and
Pennsylvania), and is selling internationally through a combination
of distributors and direct OEM sales.
Currently, the Group has over one hundred full-time employees
across its global operations. Further information on Kromek Group
is available at www.kromek.com and
https://twitter.com/kromekgroup.
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