30 May 2023
Surface Transforms plc
("Surface Transforms" or the "Company" )
Appointment of new Chief Operating Officer
Surface Transforms (AIM:SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs, is pleased to announce the appointment of Stephen Easton as the new (non-board) Chief Operating Officer, effective 4 September 2023. Stephen joins the Company from SGL Carbon where he is currently UK Managing Director.
During his 16-year tenure at SGL Carbon, a graphite and fibre manufacturing company, he has held various leadership positions both in the UK and US, specialising in carbon and oxidised fibre. Prior to this, he worked in a number of different operational roles for Brand-Rex, a cable manufacturing company. He holds an honours degree in Manufacturing Engineering & Management from the University of Dundee.
Stephen's appointment is a further step in the strengthening of the Company's senior management team to ensure the Company successfully delivers its current manufacturing expansion plan and financial transformation into a high revenue growth and profitable business. This includes the delivery of its £290m (lifetime value) order book and £393m (lifetime value) prospective contract pipeline.
Kevin Johnson, CEO of Surface Transforms said "We are delighted to welcome Stephen to this senior role in the Company. In particular the combination of his extensive manufacturing engineering experience, his highly relevant expertise in building and operating high temperature manufacturing plants and his people management skills are well suited to our current and future requirements. We look forward to working with Stephen as the Company executes it growth plans."
For enquiries, please contact:
Surface Transforms plc
David Bundred, Chairman
Kevin Johnson, CEO
+44 151 356 2141
Zeus (Nominated Advisor and Joint Broker)
David Foreman / Dan Bate / James Edis (Investment Banking)
Dominic King (Corporate Broking)
+44 203 829 5000
finnCap Ltd (Joint-Broker)
Ed Frisby / Abigail Kelly (Corporate Finance)
+44 20 7220 0500
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develop and produce carbon‐ceramic material automotive brake discs. The Company is the UK's only manufacturer of carbon‐ceramic brake discs, and only one of two mainstream carbon ceramic brake disc companies in the world, serving customers that include major OEMs in the global automotive markets.
The Company utilises its proprietary next generation Carbon Ceramic Technology to create lightweight brake discs for high‐performance road and track applications for both internal combustion engine and electric vehicles. While competitor carbon‐ceramic brake discs use discontinuous chopped carbon fibre, Surface Transforms interweaves continuous carbon fibre to form a 3D matrix, producing a stronger and more durable product with improved heat conductivity compared to competitor products; this reduces the brake system operating temperature, resulting in lighter and longer life components with superior brake performance. These benefits are in addition to the benefits of all carbon‐ceramic brake discs vs. iron brake discs: weight savings of up to 70%, longer product life, consistent performance, reduced brake pad dust and corrosion free.
For additional information please visit www.surfacetransforms.com