Business
Directorate Change
Directorate Change.
About this update from Velocity Composites Plc
[{"type":"text","content":"\n\n23 August 2023\n \nVelocity Composites plc\n(\"Velocity\", the \"Company\" or the \"Group\")\n \nDirectorate Change\n \nVelocity Composites plc (AIM: VEL.L), the leading supplier of advanced composite material kits to the aerospace market and other high-performance manufacturers, announces that Adam Holden has stepped down from his position as Group Finance Director and Company Secretary with immediate effect. He will leave the Company on 31 August 2023 and remains committed to the Group until his departure, providing an orderly handover.\n \nAs a result, the Company has appointed Andrew Hebb as non-Board Interim Chief Financial Officer and Company Secretary with immediate effect. Mr Hebb was Velocity's non-Board Interim Chief Financial Officer and Company Secretary between November 2018 and August 2020.\n \nA qualified Fellow Chartered Management Accountant, Andrew has been a professional interim CFO for several AIM quoted and private companies across a range of sectors since 2009. Prior to that, as CFO, Andrew helped build Hedra Plc into a major public sector consulting business and managed the sale process in 2008. He has held CFO and operational roles in other major UK companies. \n \nThe Company will commence a process to identify and appoint a new Group Finance Director and Company Secretary shortly and further announcements will be made, as appropriate.\n \nEnquiries: \n\n\n\nVelocity\n\n\nTel: +44 (0) 1282 577577 \n\n\n\n\nAndy Beaden, Chairman\nJon Bridges, Chief Executive Officer\n \n\n\n \n\n\n\n\nCenkos (Nominated Adviser and Broker)\n\n\nTel: +44 (0)20 7397 8900\n\n\n\n\nKaty Birkin\nBen Jeynes \nGeorge Lawson \n \n\n\n \n\n\n\n\nSEC Newgate (Financial Communications)\nRobin Tozer\nGeorge Esmond\nHarry Handyside \n\n\nTel: +44 (0)7540 106 366\nEmail: [email protected]\n\n\n\n\n \n\n\n \n\n\n\n \nAbout Velocity Composites\nBased in Burnley, UK, Velocity Composites is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability. Customers include Airbus, Boeing, and GKN.\n \nBy using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their cor...