Xaar PLC Board Change (5995P)
May 30 2018 - 2:01AM
UK Regulatory
TIDMXAR
RNS Number : 5995P
Xaar PLC
30 May 2018
Xaar plc
Board Change
Xaar plc, ("Xaar" or the "Company") the world leader in
industrial inkjet technology, announces that Lily Liu, Chief
Financial Officer, has decided to leave the Company to take up the
position of Chief Financial Officer at Essentra, a FTSE 250
Company.
Lily will remain with the Company until 14 November 2018,
ensuring a smooth and orderly handover of responsibilities. A
formal process to recruit her successor has commenced.
Should any gap arise between the date of Lily's departure and
the appointment of a new CFO, Shomit Kenkare who was recently
recruited by Xaar to lead its corporate development, joining on 1
June 2018, has agreed to assume the role of Interim CFO. Shomit was
previously Divisional CFO and VP of Finance at Kodak.
Doug Edwards, CEO, commented:
"On behalf of the Board I would like to thank Lily for the
contribution she has made during her tenure and wish her all the
best for the future."
Enquiries:
Xaar plc Lily Liu, CFO +44 (0)1223 423 663
Doug Edwards, CEO www.xaar.com
Tulchan Communications James Macey White +44 (0) 207 353 4200
Deborah Roney
David Ison
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END
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