14 November 2024
TT Electronics plc
Board Change
TT Electronics plc ("TT", the "Group"), a global engineer and manufacturer of electronic solutions for critical applications, announces that Mark Hoad, Chief Financial Officer, has informed the Board of his intention to retire after 10 years with the Group. Mark will remain in his existing role until 30th September 2025 or until a suitable replacement is found. Mark will continue to focus on delivery of the Group's strategic, operational and financial priorities until his retirement and will assist with the transition to his successor
The Board has initiated a search for Mark's successor and will provide an update once this process has concluded.
Peter France, Group Chief Executive Officer, commented:
"On behalf of the Board and all of his colleagues in TT, I would like to thank Mark for his support and significant contribution to TT Electronics over the last 10 years. Mark's financial leadership and counsel has been instrumental in transforming the business and creating the platform that we have today. On a personal note, it has been a pleasure working with Mark over the last year and I fully understand his desire to spend more time with the family and focus on the next stage of his journey."
Warren Tucker, Chairman, commented:
"Mark's service to TT over the last decade has been exemplary and I am particularly grateful for Mark in facilitating the change of CEO over the last two years. It has been a pleasure working with Mark and his Board colleagues wish him every success as he transitions away from his full-time executive role."
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For further information please contact:
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| TT Electronics plc | Tel: +44 (0)1932 827 779 | |
| Peter France, Chief Executive Officer Kate Moy, Head of Investor Relations and Communications | ||
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| MHP | Tel: +44 (0)7817 458804 | |
| Tim Rowntree / Ollie Hoare | ||
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About TT Electronics
TT Electronics is a global provider of engineered electronics for performance critical applications.
TT solves technology challenges for a sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including healthcare, aerospace, defence, electrification and automation. TT invests in R&D to create designed-in products where reliability is mission critical. Products designed and manufactured include sensors, power management and connectivity solutions. TT has design and manufacturing facilities in the UK, North America, and Asia.
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