Xaar PLC Appointment of CFO and Company Secretary (9572E)
October 24 2018 - 2:00AM
UK Regulatory
TIDMXAR
RNS Number : 9572E
Xaar PLC
24 October 2018
24 October 2018
Xaar plc
Appointment of Chief Financial Officer and Company Secretary
Xaar plc ("Xaar", "the Group" or "the Company"), the digital
inkjet printing and 3D technology Group headquartered in Cambridge,
UK, is pleased to announce the appointment of Shomit Kenkare as
Chief Financial Officer and Director of the Board from 15 November
2018.
Shomit initially joined Xaar as Head of Corporate Development in
June 2018 from Kodak, the NYSE-listed technology firm, where he
held a number of senior global financial and management roles in a
career spanning twenty years.
Shomit's final nine years at Kodak were spent in the Commercial
Printing industry. His most recent role was CFO and VP of Finance
for Kodak's Enterprise Inkjet, Software and Solutions, and Advanced
Materials and Micro 3D Printing divisions, where he was responsible
for developing and implementing the financial strategy of
businesses in both growth and maturity phases. Prior to this,
Shomit was Divisional CFO for the Digital Printing and Enterprise
division and before that Finance Director for the EMEA region.
Since joining Xaar, Shomit has led the Group's strategic
partnerships and M&A activities, including supporting the joint
investment partnership with Stratasys, while playing an active role
in the Board's strategic review of the Printhead business.
Camila Cottage, Corporate Reporting Manager, is named Company
Secretary in addition to her current responsibilities, effective 15
November 2018. Camila is responsible for corporate compliance and
reporting across the Group. She became ACCA qualified in 2008,
while working at Ernst & Young LLP in Audit for 6 years, and
joined Xaar in 2011 as the Financial Accountant.
Doug Edwards, Chief Executive, commented:
"With his extensive global industry experience and exceptional
financial credentials, I have no doubt that Shomit's knowledge and
strategic insight will be of immense value to the Group. Shomit has
made a significant, positive impression in the short time he has
been at the business, and I look forward to working closely with
him as we continue with our business transformation."
There are no other disclosures to be made pursuant to Listing
Rule 9.6.13.
Contacts
Xaar plc
Doug Edwards, CEO +44 (0)1223-423663
www.xaar.com
Tulchan Communications
James Macey White
David Ison
Deborah Roney +44 (0)20-7353-4200
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END
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