RNS Number : 0396I
08 June 2011
Xaar plc (the "Company")
The Company is pleased to announce the appointment of David Cheesman (68) as a Non-executive Director of the Company with effect from 4 July 2011.
Mr Cheesman has several non-executive positions including the Advisory Board of the London Technology Fund and was recently an advisor to Bladon Jets Ltd and Bowman Power Ltd. Between 1988 and 2007, Mr Cheesman worked for several private equity firms including Advent Venture Partners, TriTech Investment Managers and 3i plc. Before joining 3i in 1988 Mr Cheesman was managing director of Dowty Information Systems where he reorganised the management structure and significantly improved profitability. Mr Cheesman has also held several senior management and engineering roles at Prime Computer, Varian/Univac, Computer and Systems Engineering, Honeywell and UKAEA Sellafield. Mr Cheesman, a graduate electrical engineer is a Chartered Engineer and Fellow of the Institution of Engineering and Technology.
Mr Cheesman is replacing Robert Ecklemann whose retirement after 6 years as a Non-executive Director was set out in the Company's report and accounts.
Mr. Phil Lawler, Chairman, commented: "We are very please to have attracted David to join our board. His vast and in-depth technology experience will help to strengthen the board and I and my fellow board members look forward to working with him.
I would also like to take this opportunity to thank Robert Ecklemann for his contributions to the board and the progress Xaar has made in the past six years. The board wishes him continued success in his other ventures."
Further information in connection with Mr Cheesman's appointment
Details of public company directorships held by Mr Cheesman over the past 5 years are provided below:
Celoxica Plc - resigned 2 July 2008
Advent Ltd - resigned 31 December 2007
Advent Fund Managers Ltd - resigned 31 December 2007
Advent 2 Fund Managers Ltd - resigned 31 December 2007
Advent Investments Ltd - resigned 31 December 2007
Advent Management IV Ltd - resigned 31 December 2007
SPI Lasers Plc - resigned 31 October 2007
There are no other details to disclose under Listing Rule 9.6.13R.
For further information, please contact:
Xaar plc +44 (0) 1223 423 663
Phil Lawler - Chairman
Ian Dinwoodie - Chief Executive
Alex Bevis - Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange