Xaar PLC Appointment of Chief Financial Officer (8715U)
24 January 2017 - 6:00PM
UK Regulatory
TIDMXAR
RNS Number : 8715U
Xaar PLC
24 January 2017
24 January 2017
Xaar plc
Appointment of Chief Financial Officer
Xaar plc ("Xaar", "the Group" or "the Company"), the digital
inkjet printing technology Group headquartered in Cambridge, UK, is
pleased to announce the appointment of Lily Liu as Chief Financial
Officer, Company Secretary and Director of the Board from Tuesday 2
May 2017.
Lily has spent the past four years at FTSE 100 Smiths Group PLC,
where she has held a number of senior financial and management
roles. Most recently, from 2014 to 2016, Lily was CFO of the Smiths
Detection Division, with reported revenues of GBP526m for financial
year 2016. Prior to this, Lily was Director of Financial Planning
and Performance Analysis at the Group level, reporting to the Group
Chief Financial Officer.
From 2005 to 2012 and before joining Smiths, Lily was with
Edwards Ltd. Edwards, the world leader in the manufacture and
supply of industrial vacuum systems, was part of the FTSE 100 BOC
Group Plc until 2007, when it was acquired by private equity firm,
CCMP. In 2012, Edwards had revenues of over GBP500m and listed on
Nasdaq. From 2007 to 2012, Lily was the Finance Director for Global
Operations, reporting to the Group Chief Financial Officer. Prior
to that Lily held a number of other finance and management roles
across the Edwards business and in the BOC Group.
Lily has an MBA from the Australian Graduate School of
Management and a BA in Economics from Shanghai University of
International Business and Economics. Lily is a chartered
management accountant.
Doug Edwards, Chief Executive, commented:
"The Board is delighted that Lily chose to join Xaar. Lily's
experience in fast moving Business to Business environments and her
expertise in M&A, Operations and R&D means she brings a
fantastic range of skills and experiences with her. We are
confident she will make a valuable contribution as Xaar continue
its progress toward the vision of generating annual revenues of
GBP220m by 2020."
There are no other disclosures to be made pursuant to Listing
Rule 9.6.13.
Contacts
Xaar plc
Doug Edwards, CEO +44 (0)1223-423663
www.xaar.com
Tulchan Communications
James Macey White +44 (0)20-7353-4200
This information is provided by RNS
The company news service from the London Stock Exchange
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