Reach
04 February 2025
Velocity Composites
plc
("Velocity" or the "Company")
Appointment of Chief
Operations Officer
Velocity Composites plc (AIM: VEL.L),
the leading supplier of advanced composite material kits to the
aerospace market, announces the appointment of Oliver Smalley to
the role of Chief Operations Officer ("COO").
In this non-Board role, Oliver will
be focused on driving business process improvements, digital
transformation, new product introduction and optimising operational
efficiency as Velocity builds on the high levels of growth reported
in the Company's results announced on 29 January 2025 and looks to
capture new opportunities in the US and Europe.
With more than 20 years of experience
in manufacturing, engineering and operational leadership spanning
both composites and metallics, Oliver's career has included senior
positions with Buoyancy Aerospace, BAE Systems and Brookhouse
Aerospace.
In his previous roles he has also
helped to develop greenfield factories across the UK and Europe and
was responsible for the operational structure of the sites,
overseeing manufacturing, engineering, quality control, health and
safety, procurement and commercial functions.
In addition to his aerospace
expertise, Oliver has led multiple manufacturing businesses,
overseeing and driving business process improvements, digital
transformation, engineering excellence, new product introduction
(NPI), and standardising business practices to optimise operational
efficiency and enhance EBITDA.
His previous responsibilities have
included equipment installation, new product introduction, process
development, staff recruitment, and team building ensuring the
creation of high-performing teams.
Jon
Bridges, CEO of Velocity Composites, said:
"Oliver adds a wealth of operational experience
across aerospace and related sectors, and he is a welcome addition
to our senior team as we grow our international capability. On
behalf of the whole team at Velocity we wish Oliver well in his new
role and thank Kevin Hickey for all his support since he
temporarily rejoined the Company in August 2023 as he returns to
his retirement after a hand over to Oliver."
Oliver Smalley said: "Velocity
Composites is fast becoming known as a trusted leader in the supply
of composite kits globally, and it's exciting to be part of that.
As a process-driven and data-centric leader, I'm committed to
enabling teams to thrive in their roles and empowering individuals
whilst maintaining a clear focus on the organisation's goals. I
believe in collaboration and continuous improvement, ensuring both
individual and organisational success as we deliver our commitments
to all stakeholders."
Enquiries:
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Velocity Composites plc
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+44 (0) 1282 577577
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Andy Beaden, Chairman
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Jon Bridges, CEO
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Rob Smith, Chief Financial
Officer
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Canaccord Genuity Limited
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+44 (0) 20 7523 8000
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Nominated Adviser and Joint Broker
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Max Hartley
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George Grainger
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Dowgate Capital Limited
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+44 (0) 20 3909 7715
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Joint Broker
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Russell Cook
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Nick Chambers
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SEC
Newgate
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+44 (0)7540 106 366
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Financial Communications
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velocity@secnewgate.co.uk
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Robin Tozer
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George Esmond
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Harry Handyside
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About Velocity Composites plc
Based in Burnley, UK, Velocity is the
leading supplier of composite material kits to aerospace and other
high-performance manufacturers, that reduce costs and improve
sustainability. Customers include Airbus, Boeing, and
GKN.
By using Velocity's proprietary
technology, manufacturers can also free up internal resources to
focus on their core business. Velocity has significant
potential for expansion, both in the UK and abroad, including into
new market areas, such as wind energy, urban air mobility and
electric vehicles, where the demand for composites is expected to
grow.
