Alphawave IP Group PLC on Monday named Rahul Mathur as its new chief financial officer following Daniel Aharoni’s resignation in May.

The London-based company designer of high-speed connectivity solutions said Mathur has been CFO of Avantus since 2021 and CFO and senior vice president of Finance at Rambus from 2016 to 2021.

Commenting on his appointment Co-Founder & Chief Executive Tony Pialis said: ‘His extensive experience in senior finance positions within listed semiconductor companies will be invaluable as we continue to build the foundations for the next phase of business growth, working with our customers to create next generation [artificial intelligence] infrastructure.’

Back in May, CFO Aharoni stepped down following the release of Alphawave’s annual results.

While the company searched for a successor, senior director of Finance of its subsidiary Alphawave Semi, Christian Bowsher, acted as interim CFO.

Shares in Alphawave fell 2.9% to 96.40 pence each in London on Monday morning.

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