Surface Transforms PLC Appointment of new Chief Finance Officer (0766D)
19 Giugno 2023 - 8:00AM
UK Regulatory
TIDMSCE
RNS Number : 0766D
Surface Transforms PLC
19 June 2023
19 June 2023
Surface Transforms plc
("Surface Transforms" or the "Company")
Appointment of new Chief Finance Officer
Surface Transforms plc (AIM:SCE) manufacturers of carbon fibre
reinforced ceramic automotive brake discs, is pleased to announce
the appointment of Isabelle Maddock as Chief Financial Officer
("CFO") and an Executive Director of the Board. Isabelle will join
the Company on 4 September 2023.
Isabelle joins Surface Transforms from James Cropper plc, where
she was CFO for the past nine years. Isabelle has 30 years of
experience in finance across a variety of sectors and is a fellow
of the Chartered Institute of Management Accountants. During her
17-year tenure at James Cropper plc, an advanced materials and
paper products manufacturing group, she held senior financial
positions before promotion to their board of directors in 2014.
Isabelle's appointment to Surface Transforms strengthens both
the Company's senior management team and the Board as the Company
continues to focus on delivering its current expansion plan and
financial transformation. This includes converting its GBP290m
(lifetime value) order book into sales and its GBP393m (lifetime
value) prospective contract pipeline into further new orders.
Isabelle Maddock currently holds no shares in the Company. Her
directorships, over the past five years, which all relate to James
Cropper plc and its subsidiaries are listed below.
Kevin Johnson, CEO of Surface Transforms said "We are delighted
to welcome Isabelle to the board of Surface Transforms, her drive
and financial leadership along with the strategic, governance and
manufacturing experience she brings are well suited to our current
and anticipated rapid growth. We look forward to working with
Isabelle as the Company executes its plans."
Isabelle Maddock said "I am thrilled to be joining Surface
Transforms. I have been following the Company's progress for some
time and I am very impressed with its environmentally cleaner,
lighter, more durable, high performance braking technologies, and
strong growth potential. My experience in finance and manufacturing
can help Surface Transforms to continue to achieve its goals and I
look forward to working with the rest of the management team and
talented workforce to build a successful future."
Isabelle Maddock (aged 55) holds or has held the following
directorships or partnerships in the last five years:
Current Last five years
- James Cropper plc
----------------------------------
TFP Hydrogen Products Limited
----------------------------------
James Cropper Germany GMBH
----------------------------------
James Cropper Overseas Trading
Limited
----------------------------------
James Cropper 3D Products Limited
----------------------------------
Melmore Company Limited
----------------------------------
James Cropper Paper Limited
----------------------------------
Technical Fibre Products Limited
----------------------------------
The Paper Mill Shop Company
----------------------------------
James Cropper Speciality Papers
Limited
----------------------------------
James Cropper Converting Limited
----------------------------------
Tech Fibres Inc
----------------------------------
Technical Fibre Products Inc
----------------------------------
Electro Fibre Technologies LLC
----------------------------------
Metal Coated Fibres Inc
----------------------------------
James Cropper (Guangzhou) Trading
Co Ltd
----------------------------------
Save as disclosed above, there are no further disclosures to be
made in accordance with Rule 17 or Schedule 2(g) of the AIM Rules
for Companies.
For enquiries, please contact:
Surface Transforms plc
David Bundred, Chairman +44 151 356
Kevin Johnson, CEO 2141
Zeus (Nominated Advisor and Joint Broker)
David Foreman / Dan Bate / James Edis (Investment
Banking) +44 203 829
Dominic King (Corporate Broking) 5000
finnCap Ltd (Joint-Broker)
Ed Frisby / Abigail Kelly (Corporate Finance) +44 20 7220
Andrew Burdis / Barney Hayward (ECM) 0500
About Surface Transforms
Surface Transforms plc. (AIM:SCE) develops and produces
carbon--ceramic material automotive brake discs. The Company is the
UK's only manufacturer of carbon--ceramic brake discs, and only one
of two mainstream carbon ceramic brake disc companies in the world,
serving customers that include major OEMs in the global automotive
markets.
The Company utilises its proprietary next generation Carbon
Ceramic Technology to create lightweight brake discs for
high--performance road and track applications for both internal
combustion engine and electric vehicles. While competitor
carbon--ceramic brake discs use discontinuous chopped carbon fibre,
Surface Transforms interweaves long strand carbon fibre to form a
3D matrix, producing a stronger and more durable product with
improved heat conductivity compared to competitor products; this
reduces the brake system operating temperature, resulting in
lighter and longer life components with superior brake performance.
These benefits are in addition to the benefits of all
carbon--ceramic brake discs vs. iron brake discs: weight savings of
up to 70%, longer product life, consistent performance, reduced
brake pad dust and corrosion free.
For additional information please visit
www.surfacetransforms.com
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END
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