25 Sep 2009 07:00
25 September 2009
e2v technologies plc
Appointment of New Chairman
e2v technologies plc, a leading developer and manufacturer of high-technology electronic components and sub-systems to the aerospace & defence, medical & science, and commercial & industrial sectors, is pleased to announce the appointment of Chris Geoghegan as its new Non-Executive Chairman with effect from 1st October 2009.
Mr Geoghegan has considerable experience of e2v's major markets and has also been highly influential in the successful implementation of business improvement programmes in the geographies in which e2v operates.
Mr Geoghegan, a former group executive director of BAE Systems plc, is the Chairman of Hampson Industries plc, senior independent director of both Kier Group plc and Volex plc and a non executive director of SIG plc.
In June 2009, e2v announced the planned retirement of Mr George M Kennedy CBE as Chairman. Mr Kennedy will step down from the Board after a short handover period.
Mr Kennedy commented:
"e2v has made substantial progress in recent years and I am pleased to have contributed to its success. The Board's succession planning has worked well, with a new Finance Director in place, and now the seamless appointment of Mr Chris Geoghegan as my successor. Chris brings extensive experience of the aerospace and defence industries to the Board and will help take e2v to the next level."
Mr Geoghegan, the Chairman elect of e2v commented:
"I am very pleased to be joining the Board of e2v. I have every confidence in the ability of the Group to create considerable value for shareholders in the medium term. I look forward to working with the management team to chart the future direction of e2v."
Chris Geoghegan biography:
Mr Geoghegan was a group executive director of BAE Systems plc from 2002 until 2007 and a past president of the Society of British Aerospace Companies. He has over 30 years' experience in the aerospace industry having spent most of his career in the commercial aircraft sector and was appointed one of three chief operating officers of BAE Systems plc. From 2000 to 2002, following the merger of British Aerospace and Marconi Electronics Systems, he was group managing director of the combined Avionics Group. Mr Geoghegan was a key player in the growth and establishment of Airbus as managing director of the Airbus Company and a member of the executive board of Airbus Industrie. He also has substantial experience in the military aerospace sector, having been responsible for BAE Systems' European Defence joint ventures and its Defence Electronics companies. Mr Geoghegan began his career in 1972 at Hawker Siddeley which later formed part of British Aerospace where he worked in sales contracts, purchasing, production, site management and operations. He is currently the Chairman of Hampson Industries plc, senior independent director of both Kier Group plc and Volex plc and a non-executive director of SIG plc.
There are no further details requiring disclosure under Listing Rule 9.6.13.
Further enquiries:
| e2v technologies plc | ||
| Keith Attwood, Chief Executive Charles Hindson, Group Finance Director | Tel: 01245 493 493 | |
| Website: www.e2v.com | ||
| Financial Dynamics | ||
| Jon Simmons / Susanne Yule | Tel: 020 7269 7291 |
NOTES FOR EDITORS
e2v
e2v's objective is to be a global leader in the design and supply of specialised components and sub-systems that enable the world's leading systems companies to deliver innovative solutions for medical & science, aerospace & defence, and commercial & industrial markets.
e2v is organised into four divisions:
High performance electron devices and subsystems for applications including defence electronic countermeasures, radiotherapy cancer treatment, radar systems, industrial heating, satellite communications amplifiers and digital television transmitters.
Advanced CCD and CMOS imaging sensors and cameras for applications including space, science and life science imaging, industrial process control, intra-oral and panoramic dental X-ray systems, military surveillance and automotive imaging.
Specialist Semiconductors - including logic, memory and microprocessors for high reliability microprocessor and MRAM requirements, in partnership with Freescale Semiconductor and Everspin, mission-critical avionics and defence programs requiring high reliability integrated circuits, high speed data converters and sensor data acquisition utilising mixed signal application specific devices.
A range of professional sensing products for applications including environmental safety, x-ray spectroscopy, automotive alarm and security systems, microwave radar and safety and arming devices, fire rescue and security thermal imaging.
For the year ended 31 March 2009, e2v achieved sales of £233m and is listed on the London Stock Exchange. In October 2008 e2v acquired QP semiconductor, a leading US-based designer and supplier of specialty semiconductor components used in military and aerospace applications, establishing e2v's first US manufacturing base.
The Company is headquartered in the United Kingdom and has approximately 1700 employees in six production facilities across Europe and North America. e2v also operates a global network of sales and technical support offices, supported by local distributors and resellers.
Further information is available from www.e2v.com