Carclo Regulatory News (CAR)

13 February 2025

Carclo plc

("the Company")

Appointment of Chief Financial Officer

The Board of Carclo plc is pleased to announce the appointment of Ian Tichias as Chief Financial Officer and Executive Director.

As stated in the Company's interim results announced in December 2024, Eric Hutchinson had informed the Board of his intention to retire in 2025. Ian will join the Company and the Board with effect from 1 April 2025 following Eric's retirement on 31 March 2025. Ian will be supported by the Company's experienced finance team developed by Eric during his tenure.

Ian was previously the Chief Financial Officer at Xaar PLC where he drove a financial turnaround and significant systems and controls improvements over a period of over four years. Ian brings strong experience as a finance leader in both listed and private businesses. His experience spans both small, agile international multi-site manufacturing operations and larger companies with best-in-class systems and processes. Ian is a fellow of the Institute of Chartered Accountants in England and Wales having qualified with MacIntyre Hudson in 1996.

Joe Oatley, Chair, commented:

"I would like to express my sincere thanks to Eric for his significant contribution to Carclo both as a Board member and, latterly, as CFO. Eric stepped up to be CFO from his position as a non-Executive Director when the Group was at a critical point and he has been an integral part of driving the turnaround, bringing both stability and improved performance to the Group. We wish Eric well in his retirement.

I am delighted to welcome Ian Tichias onto the Board and as CFO. He brings a wealth of finance experience and expertise in a manufacturing environment, and we look forward to him joining the team as we build on our turnaround and deliver sustainable earnings growth into the future."

Ian was a director of Xaar PLC from 1 March 2020 to 20 November 2024. The Company confirms that there is no further information required to be disclosed pursuant to LR 6.4.8R of the UK Listing Rules of the Financial Conduct Authority in connection with Ian's appointment.

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Carclo Group is a global leader in high-precision components with comprehensive, end-to-end manufacturing capabilities. With expertise spanning mould design, automation, production, assembly, and printing, Carclo supports critical growth sectors, particularly life sciences, aerospace, and optics, with tailored, precision solutions. 

LEI: 21380078MEM399JPI956

Enquiries:

Carclo plc +44 (0) 20 8685 0500

Frank Doorenbosch - Chief Executive Officer