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Share Price: 78.80
Bid: 78.00
Ask: 78.40
Change: 0.80 (1.03%)
Spread: 0.40 (0.513%)
Open: 78.80
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Low: 77.40
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EXECUTIVE CHANGE SUMMARY: Focusrite And Medica Finance Chiefs To Leave

Wed, 18th Mar 2020 19:48

(Alliance News) - The following is a round-up of company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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Focusrite PLC - CFO Jeremy Wilson to leave company at end of 2020, and board has started recruitment process for replacement. Focusrite, which supplies hardware and software to musicians and the entertaiment industry, also said Wednesday revenue rose to GBP50 million in the first half of its financial year ending August 31, from GBP40.4 million a year before. This was despite the Covid-19 outbreak disrupting supplies from China in February. Underlying performance is in line with market expectations, but it is hard to quantify virus disruption in second half, it said.

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Medica Group PLC - Finance Director Tony Lee to leave after 10 years to pursue other business opportunities by mutual agreement. Departure date to be determined. Hires Robert Lavis in new role of clinical director, starting June 1 and reporting to Medical Director Stephen Davies. Lavis joins from Gloucestershire Hospitals NHS Foundation Trust. Medica says 2019 trading was in line with market expectations.

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Oracle Power PLC - Hires veteran coal mine manager Glen Lewis as non-executive director, immediately. Developed a number of significant coal deposits, including United Colliery and Dartbrook Coal in the Hunter Valley in Australia.

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Windar Photonics PLC - Simon Barrell resigns as non-executive director immediately, having served for five years.

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Strix Group PLC - Richard Sells hired as a non-executive director, immediately. Former executive with Electrolux AB as chief innovation officer. Also ran Electrolux's refrigeration business and was UK managing director. Strix, a kettle safety products maker, also Wednesday reported a "solid" annual performance with profit, revenue and payout all rising. Revenue in 2019 climbed 3.3% to GBP96.9 million, and pretax profit was 3.4% higher at GBP30.2 million. Adjusted pretax profit was up 9.9% to GBP32.1 million.

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By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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23 Jul 2020 09:27

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19 Feb 2020 15:58

Strix reassures shareholders over coronavirus

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19 Feb 2020 09:13

Strix Reports "Minimal" Disruption From Coronavirus To Operations

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18 Sep 2019 13:15

Wednesday broker round-up

(Sharecast News) - Weir Group: JP Morgan downgrades to neutral with a target price of 1,500p.

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18 Sep 2019 10:57

Strix Confident For 2019 After Steady Interim Performance

(Alliance News) - Kettle safety products maker Strix Group PLC on Wednesday reported a "solid" interim performance, despite a slight drop in profit.Pretax profit for the six to to

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6 Sep 2019 08:07

Strix technology to be used in new Phillips branded water bottle

(Sharecast News) - Kettle safety controls designer Strix Group will launch a new water bottle with an in-built filter as part of a collaboration with AquaShield Health Technology, the global exclusive Philips brand licensee for water purifiers and dispensers.

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18 Jul 2019 10:56

Strix Group Confident On Continued Growth Despite Outside Pressures

(Alliance News) - Kettle safety controls firm Strix Group PLC expects a solid interim performance, it said Thursday, despite continued volatility in its core market.Strix said performance a

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23 May 2019 10:21

Strix 2019 Trading In Line; Progresses On Chinese Factory Project

LONDON (Alliance News) - The chair of kettle parts and water filter maker Strix Group PLC said Thursday 2019 trading was in line with expectations, and it expects construction of a new factory in

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15 May 2019 08:48

Strix names Harry Kyriacou as new chief commercial officer

(Sharecast News) - Kettle safety controls designer Strix Group tapped former Glen Dimplex sales director Harry Kyriacou to take over as chief commercial officer on Wednesday.

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21 Mar 2019 11:06

Strix Group sees decent growth as it maintains global market share

(Sharecast News) - Kettle safety control manufacturer Strix Group reported a year of "solid performance" in its final results on Thursday, including 7.9% growth in sales volumes and a 2.7% improvement in revenue to £93.8m.

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