Telit Communications PLC Directorate Changes (0617E)
July 01 2019 - 9:00AM
UK Regulatory
TIDMTCM
RNS Number : 0617E
Telit Communications PLC
01 July 2019
Telit Communications PLC
Directorate changes
London, 1 July 2019 - Telit Communications PLC ("Telit", "the
Group", AIM: TCM), a global enabler of the Internet of Things
(IoT), announces that Marco Patuano has agreed to join the Board as
a non-executive director - subject to satisfaction of customary
regulatory due diligence and disclosures - and that Adam Power, one
of the current non-executive directors, has resigned from the Board
with immediate effect.
Adam is moving to Australia where he will be taking up a new
full-time executive role, the terms of which preclude him remaining
on the Telit Board.
Simon Duffy, non-executive Chairman, said:
"Marco has a distinguished career in telecommunications. Having
joined Telecom Italia in 1990, he progressed through various
managerial positions in the company and was appointed CEO in 2011,
a position he held until 2016. From 2017 until earlier this year he
was CEO of Edizione, the holding company of the Benetton
family.
"Marco's appointment represents a significant addition to the
calibre of the Board.
"At the same time, we are very sorry to see Adam depart. He has
made a great contribution during his time on the Board and we will
miss his insights as well as his incisive and forthright manner. We
wish him the best in his new role."
Marco Patuano commented:
"I am delighted to be joining Telit at this point in the
business' development. The company is well-positioned in one of the
most exciting and rapidly growing technology sectors.
"I look forward to bringing my experience in the overlapping
telecommunications sector to Telit's Board and to contributing to
the company's development."
Enquiries:
Telit Communications PLC Tel: +44 203 289
Simon Duffy, non-executive Chairman 3831
finnCap (Nomad and joint broker) Tel: +44 20 7220
0500
Henrik Persson/Giles Rolls (corporate finance)
Tim Redfern/Richard Chambers (ECM)
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.
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END
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