Telit Communications PLC Paolo Dal Pino appointed Chief Executive Officer (7707Z)

TIDMTCM

RNS Number : 7707Z

Telit Communications PLC

22 May 2019

Telit Communications PLC

Paolo Dal Pino appointed Chief Executive Officer and Simon Duffy appointed Chairman

London, 22 May 2019 - Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), has appointed Paolo Dal Pino Chief Executive Officer and Simon Duffy Non-Executive Chairman, both with immediate effect.

Paolo joined Telit as Non-Executive Chairman in September 2018. He then became Executive Chairman the same month and led the Group transformation and repositioning with a real focus on profitability and cash generation.

Simon was appointed senior non-executive director in November 2017 and was interim Chairman from June to August 2018.

Simon Duffy, Non Executive Chairman, commented:

"Paolo's appointment provides the Group and all our stakeholders with continuity. He has been driving the business over the last nine months, including the rationalisation of our operational structure and the better integration of our products and services."

Paolo Dal Pino, Chief Executive Officer, said:

"Over the last nine months, we have been concentrating on the fundamentals of the core business, having reshaped our IoT Platform and enhanced its go to market strategy.

"We have established the basis for a healthier and more synergic growth across the whole Group with a well-functioning and balanced board now led by Simon as Chairman."

Enquiries:

 
Telit Communications PLC                   Tel: c/o Instinctif Partners 
 Simon Duffy, Non Executive Chairman 
                                                  Tel: +44 20 7220 0500 
  finnCap (Nomad and joint broker) 
  Henrik Persson/Giles Rolls (corporate 
  finance) 
  Tim Redfern/Richard Chambers (corporate 
  broking) 
 
Berenberg (Joint Broker)                          Tel: +44 20 3465 2722 
 Chris Bowman/Mark Whitmore 
 
Instinctif Partners                               Tel: +44 20 7457 2077 
Adrian Duffield/Chantal Woolcock

About Telit

Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry's broadest portfolio of integrated products and services for end-to-end IoT deployments - including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

# # #

Copyright (c) 2019 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOAEAESFAFNNEAF

(END) Dow Jones Newswires

May 22, 2019 02:01 ET (06:01 GMT)

Telit Communications (LSE:TCM)
Historical Stock Chart
From Sep 2024 to Oct 2024