Business
Appointment of Independent Non-Executive Director
Appointment of Independent Non-Executive Director.
About this update from Transense Technologies Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n26 June 2024\n\nTransense Technologies plc\n(\"Transense\" or the \"Company\")\n \nAppointment of Independent Non-Executive Director\nAnd\n Planned Director Retirement\n \nTransense Technologies plc (AIM: TRT), the provider of specialist sensor technology and measurement systems, is pleased to announce the appointment of Craig Wilson as an additional independent non-executive director of the Company with effect from 1 July 2024.\n \nCraig joins the Board after stepping down from his role as Chief Executive Officer at Williams Advanced Engineering (\"WAE\") last year, where he spent 10 years and led the development of the business from its foundations in Formula One racing to provide innovative technology across a range of sectors, becoming recognised as a leader in electrification and energy storage. WAE was acquired by Fortescue Metals Group in March 2022. \n \nPrior to joining WAE, Craig held leadership positions in the automotive sector in Australia at Walkinshaw Performance and Holden Special Vehicles. He was an independent non-executive director of Transport Research Foundation from 2014 to 2020 and Managing Director of TWR group until 2005.\n \nRodney Westhead, an independent non-executive Director, has confirmed that he will not stand for re-election at the upcoming annual general meeting (\"AGM\") of the Company, which is expected to be in November 2024. Rodney indicated his intention to retire from the Board last year having served as an independent non-executive director since 2007. He will continue to act as a director and chair of the audit committee until his retirement at the AGM.\n \nExecutive Chairman, Nigel Rogers, commented:\n \n\"We are delighted to welcome Craig to the board. He brings a wealth of knowledge across our primary market sectors and has both strategic and operational experience that is highly relevant. Under his 10 year leadership, WAE grew annual revenu...