Business
Resignation of NED
Resignation of NED.
About this update from Cml Microsystems Plc
[{"type":"text","content":"\n \nRNS Number : 6179W CML Microsystems PLC 10 February 2017 \n\n10th February 2017\nCML Microsystems Plc\nNon-Executive Director Retirement\nCML Microsystems Plc, (\"CML\", \"Company\" or \"the Group\"), which designs, manufactures and markets mixed-signal and Radio Frequency (RF) semiconductors, primarily for global communication and solid state storage markets, announces that Ron Shashoua has notified the Board of his intention to retire as a Non-Executive Director of the Company at the end of the current Financial Year (31 March 2017). \nNigel Clark, Group Non-Executive Chairman, said on behalf of the Board, \"we would like to thank Ron for his significant and valuable contributions over the last 21 years. Ron has brought tremendous experience, guidance and insight to the Board and we wish him well for the future.\" \nA process to identify and appoint another Non-Executive Director for the Board is underway and a further announcement will therefore be made in due course. \n \n \n\n\n\n\n CML Microsystems Plc\nChris Gurry, Group Managing Director\nNeil Pritchard, Group Financial Director\n \n\n\nwww.cmlmicroplc.com\nTel: +44(0)1621 875 500\n\n\n\n\nCenkos Securities plc\nMax Hartley (Corporate Finance)\n \n\n\nTel: +44(0)20 7397 8900\n\n\n\n\nSP Angel Corporate Finance LLP\nJeff Keating\n \n\n\nTel: +44(0)203 463 2260\n\n\n\n\nAlma PR\nJosh Royston\nRobyn McConnachie\n\n\n \nTel: +44 (0)7780 901979\nTel: +44 (0)7540 706191\n\n\n\n\n \nAbout CML Microsystems PLC\nCML designs and develops semiconductors for the industrial storage and communications markets. The Group utilises a combination of in-house and outsourced manufacturing and has trading operations in Europe, the Far East and USA. CML targets niche markets with strong growth profiles and high barriers to entry. It has secured a diverse, blue chip customer base, including some of the world's leading telecoms equipment providers and industrial product manufacturers. \nThe spread of its customers and products largely protects the business from the cyclicality usually associated with the semiconductor industry. Growth in its end markets is being driven by factors such as the ever increasing trend towards solid state storage devices in the commercial and industrial sectors, the upgrading of telecoms in...