Appointment of Chief Financial Officer

TT Electronics PLC

10 April 2026

 

10 April 2026

TT Electronics plc

("TT", the "Company", or the "Group")

Appointment of Chief Financial Officer

TT Electronics plc (LSE: TTG) is pleased to announce the appointment of Ian Ashton as Chief Financial Officer and Executive Director of the Company.

Ian will bring significant financial leadership and operational experience to the Group.  He is currently CFO of SIG plc, a role he has held since July 2020. Prior to joining SIG, Ian served as CFO at Low & Bonar plc until its acquisition by the Freudenberg Group, and before that he was CFO of Labviva LLC, a US-based technology company.  He also served in several senior financial roles at Smith & Nephew plc, working at different times in the UK, US and Asia.

Ian will join the Company following the completion of his current notice period of up to a maximum of six months.  A further announcement will be made in due course confirming the date of appointment.

Ian will succeed Richard Webb, who has been TT's Interim Chief Financial Officer since 12 May 2025. Richard will continue as Interim Chief Financial Officer until Ian joins TT and will support an orderly handover. The Board would like to express gratitude to Richard for the significant contributions made during his tenure. 

Eric Lakin, Chief Executive Officer of TT Electronics, commented:

"We are delighted to announce Ian's appointment as CFO. He brings a strong combination of financial expertise, operational insight and leadership experience, which will support the Group in building on the positive progress achieved over the past 12 months in creating a clearer strategic direction and a stronger platform for growth.

I would like to thank Richard for his support, and I look forward to working with him to ensure a smooth transition. Ian is an excellent fit for TT and I'm excited about working closely with him." 

Ian Ashton commented:

"I'm delighted to have been appointed CFO of TT. The Group has a huge amount of potential, with strong market positions and a clear strategy in place, and I am excited at what lies ahead. I greatly look forward to working alongside Eric and the rest of the management team to help deliver further operational and financial progress."

There are no further matters that require disclosure under LR 6.4.8R of the UK Listing Rules in relation to his appointment.

For further information, please contact:

TT Electronics 

Eric Lakin, Chief Executive Officer

Matthew Lee, Investor Relations                                              Email: [e-mail]

Jack Bradshaw, Investor Relations                                           Tel: [phone]

Berenberg

Harry Nicholas / Ciaran Walsh                                                  Tel: [phone]

MHP

Tim Rowntree / Ollie Hoare                                                      Tel: [phone]

About TT Electronics

TT Electronics is a global provider of electronics for performance critical applications. TT engineers and manufactures electronic solutions enabling a safer, healthier and more sustainable world. TT benefits from enduring megatrends in structurally high-growth markets including Healthcare, Aerospace, Defence, Automation and Electrification. 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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