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(Alliance News) - Filtronic PLC said Friday Chief Executive Officer Rob Smith resigned from the antenna maker with immediate effect, with Chair Reg Gott stepping up to take on executive functions.
Smith - in post since 2014 - will stand down after agreeing his departure with the AIM-listed firm. In his place, current Non-Executive Chair Gott will become executive chair whilst the Leeds-based firm "conducts a comprehensive search" for its new boss.
"I have greatly enjoyed my five years at Filtronic," Smith said. "It has been full of challenges with never a dull moment. However, having seen the company through a difficult past year and into clearer waters, I believe now is the time for me to seek fresh opportunities and to hand the baton over to someone else to take the company forward from here."
Shares in Filtronic were 1.1% higher at 8.60 pence in London on Friday.
By Ahren Lester; ahrenlester@alliancenews.com
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