REG - Xaar PLC - Board changes

XaarAnnouncement

30/05/2024 12:00

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RNS Number : 4436Q  Xaar PLC  30 May 2024

30 May 2024

 

Xaar plc

 

Board changes

 

Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing
technology group, is pleased to announce the appointment of Dr Inken
Braunschmidt as Independent Non-Executive Director.

 

Inken joins the Board with effect from 1 June 2024 and on appointment will be
a member of the Audit, Remuneration and Nomination Committees.

 

As previously disclosed, Alison Littley had notified the Board of her
intention to step down as a Non-Executive Director of the Company during 2024.
 It is now confirmed that Alison will leave the Board on 30 June 2024. Inken
will be appointed as Chair of Remuneration Committee on 1 July 2024.

 

Richard Amos, Non-Executive Director, will replace Alison Littley as the
Company's Senior Independent Director on 1 July 2024.

 

Inken Braunschmidt is currently a non-executive director of James Fisher and
Sons plc, listed on the London Stock Exchange, and Chair of its Remuneration
Committee as well as a member of the Audit and Nomination Committees. She was
Chief Innovation and Digital Officer and member of the Executive Board of
Halma plc until 2023. Prior to joining Halma plc in 2017, Inken spent 13 years
at RWE AG, the German energy giant, and its renewables subsidiary innogy SE,
where she held various international leadership roles focusing on strategy,
innovation, digital transformation and change management. Inken studied
Business Administration, Innovation & Technology Management at Kiel
University and did her PhD thesis in Technology Management. Inken is member of
the Digital Programme Board of the Royal Academy of Engineering.

 

 

Andrew Herbert, Chairman, commented:

 

"We are delighted to welcome Inken to the Board and her expertise and
experience in international electronic engineering and digital innovation and
transformation are very relevant to the opportunities and challenges that face
Xaar. I would like to thank Alison for her contribution and commitment to the
Board of Xaar as a director since 2020 and wish her the very best for the
future."

 

The Company confirms there is no further information to be disclosed under the
requirements of Listing Rule 9.6.13R in relation to the appointment of Inken
Braunschmidt.

 

Enquiries:

 

 Xaar plc                              +44 (0) 1223 423 663
 Ian Tichias, Chief Financial Officer
 John Mills, Chief Executive Officer
                                       +44 (0) 207 353 4200

 Teneo

 Giles Kernick

 Olivia Lucas

 

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