18 July 2024
Sondrel (Holdings) plc
("Sondrel", the
"Company" and together with its subsidiaries the
"Group")
Chief Financial Officer
Succession
Sondrel (AIM: SND), a leading provider of ultra-complex chips for
leading global technology brands, announces
the intended appointment of Siobhan Martin as Chief Financial
Officer Designate.
Siobhan has held senior finance
roles in various international businesses including RPS Group Plc
and Inchcape Plc and is currently COO of Hawarden and Glen Dye
Estates, a UK based leisure business. She will join Sondrel on 30
September 2024 and is expected to be appointed to the Board shortly
thereafter.
The Group's current Interim CFO,
Nick Stone, will leave Sondrel later this month, following the
release of the Group's accounts earlier today.
Additionally, following the
announcement on 22 May 2024, John Chubb has now been appointed as
Chief Executive Officer.
David Mitchard, Chairman of Sondrel
plc, said:
"On behalf of the Board, I'd like to
thank Nick for his contribution to Sondrel since he assumed the
position of Interim CFO in September 2023. Siobhan has worked with
our incoming CEO, John Chubb, in the past and brings a wealth of
operational and finance experience. I look forward to welcoming her
to Sondrel when she joins shortly."
For further information:
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Sondrel (Holdings) plc
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Via
Buchanan
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John
Chubb, CEO
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Tel: +44
(0) 20 7466 5000
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Nick Stone,
Interim CFO
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Cavendish Capital Markets Limited
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Tel: +44
(0) 20 7220 0500
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Ben Jeynes / Katy Birkin / George
Lawson - Corporate Finance
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Michael Johnson / Charlie Combe -
Sales and ECM
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Burson Buchanan
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Tel: +44
(0) 20 7466 5000
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Chris Lane
Stephanie Whitmore
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sondrel@buchanan.uk.com
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Jack Devoy
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Abby Gilchrist
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Disclosures
relating to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules
for Companies
The directorships and partnerships
currently held by John James
Chubb, aged 59, and over the five years preceding
the date of his appointment, are as follows:
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Current
directorships / partnerships
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Previous
directorships / partnerships
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DFLADVISORY LTD
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RPS Heritage Holdings Limited
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RPS Heritage Limited
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RPS Ireland Limited
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RPS Consulting Services Limited
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RPS Group Limited
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RPS Consulting Engineers Limited
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RPS Environmental Consultancy
Limited
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About Sondrel
Sondrel is a UK-based fabless
semiconductor company specialising in high end, complex digital
Application Specific Integrated Circuits (ASICs) and System on
Chips (SOCs). It provides a full turnkey service in the design,
prototyping, testing, packaging and production of ASICs and
SoCs.
The Company is one of only a few
companies capable of designing and supplying the higher-spec chips
built on the most advanced semiconductor technologies, selling into
a range of hyper growth end markets such as high-performance
computing, automotive, artificial intelligence, VR/AR, video
analytics, image processing, mobile networking and data
centres. Sondrel designs have enabled products by leading
technology brands including Apple (iPhone), Sony (PlayStation),
Meta's (Oculus), Samsung, Google and Sony smartphones, JVC
(prosumer camcorders), Tesla and Mercedes-Benz cars.
Sondrel is well-established, with a
20-year track record of successful delivery, supported by long
standing ecosystem partnerships including Arm, TSMC and Samsung.
Headquartered in the UK, Sondrel has a global presence with offices
in UK, USA, China, India and Morocco.
For more information please
visit: ir.sondrel.com.