Xaar Regulatory News (XAR)

5 January 2015

Xaar plc

Appointment of CEO

Xaar plc ("Xaar" or "the Group" or "the Company"), the inkjet printing technology group headquartered in Cambridge, UK, announces the appointment of its new Chief Executive Officer.

As announced in March 2014, Ian Dinwoodie will retire from the Company in 2015 after serving as CEO since 2003.

Following an extensive international search process, the Company is pleased to announce that Dr Doug Edwards will join the Board as Chief Executive Officer with immediate effect.

Doug joins the Company from Kodak (Eastman Kodak Company) where most recently he was President, Digital Printing and Enterprise and has been a member of the Executive Board since 2006. He started his career in the UK in a variety of technical roles with Ilford Limited, ICI, Zeneca and International Paper before moving to the US 14 years ago with Kodak Polychrome Graphics (a joint venture company between Sun Chemical Corporation and Kodak). Doug holds a BSc in Chemistry and a PhD in Conducting Organic Materials from London University.

Phil Lawler, Chairman commented:

"I would like to express my thanks to Ian for his significant contribution to Xaar since joining the Company in 2001. Following a thorough international search I am delighted to welcome Doug to Xaar. His appointment will strengthen the Board, providing the experience necessary to lead the Company through its next stage of development."

Doug Edwards commented:

"It is a privilege to be asked to lead Xaar through this next phase of the Company's development. Excellent progress has been made by the Company over the last decade but the future opportunities ahead of the Company in the world of digital printing are substantial, and I am pleased to return to the UK to take up this challenge."

Ian Dinwoodie added:

"I am delighted that Doug is joining Xaar - he brings the right combination of industry expertise and management skills to head the Company, and I look forward to handing over the reins to him in the coming months."

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