CML Microsystems PLC Board & Senior Management Appointments (3076V)
01 December 2023 - 6:00PM
UK Regulatory
TIDMCML
RNS Number : 3076V
CML Microsystems PLC
01 December 2023
1 December 2023
CML Microsystems Plc
("CML", the "Company" or the "Group")
Board & Senior Management Appointments
CML, which develops mixed-signal, RF and microwave
semiconductors for global communications markets, is pleased to
announce that Mark McCabe has been appointed as an Executive
Director to the Board of the Company as Chief Operating Officer,
effective immediately.
Mark joined the Group in 2016 as Managing Director of the
Communications business division. Immediately prior to joining CML,
Mark was UK business unit manager for Air Liquide, a world leader
in the supply of gases to the nuclear, food and electronics
markets. Previously he gained extensive experience within the
electronics component industry serving as Managing Director of
Semelab (a subsidiary of TT Electronics PLC), as executive VP at
SRC Devices, Inc. (a company acquired by Littelfuse Inc) and
through a variety of sales, marketing and operational roles at
Semitron, where he participated in a successful MBO. Mark qualified
as an Electrical and Electronic Engineer working in various
Ministry of Defence establishments.
Nigel Clark, Executive Chairman of CML, said: "Mark brings to
the Board a deep understanding of our business and has played an
important role in executing our growth strategy whilst working to
continuously improve our operational effectiveness."
In a further move to support the Group's long-term sustainable
growth objectives, Michelle Jones has recently been appointed to
the senior management position of Director of Finance and Company
Secretary.
Michelle joined the Company in 2018 as Group Financial
Controller and in July 2020 was appointed to the additional role of
Company Secretary.
Prior to CML, Michelle spent ten years at the Regis Group Plc, a
leading real estate company, where she held the position of Group
Financial Controller. During previous roles Michelle held similar
positions at Derichebourg Multiservices, a company providing
servicing facilities to the aircraft industry and at Thermos
Limited, a manufacturer and distributor of Thermos branded products
throughout Europe. Earlier experience included a number of
management accountant roles, including working for an NHS trust.
She is a qualified chartered certified accountant, holding a
FCCA.
Chris Gurry, Group Managing Director commented: "I am delighted
to welcome Michelle to this new role. She is a key member of the
management team, in recent years helping to successfully steer the
business through a period that has included strategic M&A
activity, the successful installation of a global ERP system and
operational challenges associated with the pandemic."
Please refer to Annex 1 for all further disclosure relating to
Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
CML Microsystems Plc
Chris Gurry, Group Managing Tel: +44(0)1621 875 500
Director
Nigel Clark, Executive Chairman
Shore Capital Tel: +44(0)20 7408 4090
Toby Gibbs
James Thomas
Lucy Bowden
Fiona Conroy (Corporate Broking)
Alma PR Tel: +44 (0)20 3405 0212
Josh Royston
Andy Bryant
Matthew Young
ANNEX 1
Regulatory Disclosures (in accordance with Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies)
Save for the information set out above and below, there are no
further disclosures to be made in accordance with Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies in
respect of the appointments of Mark John McCabe, aged 54. Mark
McCabe currently does not hold any shares in the Company.
Mark McCabe, is, or has been in the previous five years, a
director of the following companies:
Current directorships Previous directorships
CML Microcircuits (UK) Limited
CML Microcircuits (USA) Inc
Microwave Technology, Inc.
PRFI Limited
-----------------------
About CML Microsystems Plc
CML develops mixed-signal, RF and microwave semiconductors for
global communications markets. The Group utilises a combination of
outsourced manufacturing and in-house testing with trading
operations in the UK, Asia and USA. CML targets sub-segments within
Communication markets with strong growth profiles and high barriers
to entry. It has secured a diverse, blue chip customer base,
including some of the world's leading commercial and industrial
product manufacturers.
The spread of its customers and diversity of the product range
largely protects the business from the cyclicality usually
associated with the semiconductor industry. Growth in its end
markets is being driven by factors such as the appetite for data to
be transmitted faster and more securely, the upgrading of telecoms
infrastructure around the world and the growing prevalence of
private commercial wireless networks for voice and/or data
communications linked to the industrial internet of things
(IIoT).
The Group is cash-generative, has no debt and is dividend
paying.
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END
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