TIDMTUNE
RNS Number : 5424X
Focusrite PLC
01 September 2020
Strictly embargoed until 07:00 1 September 2020
Focusrite plc
Directorate and Board Changes
Appointment of new CFO
Focusrite plc (AIM: TUNE, "the Company" or "Focusrite"), the
global music and audio products company supplying hardware and
software used by professional and amateur musicians and the
entertainment industry, is delighted to announce the appointment of
Sally McKone as the Company's new Chief Financial Officer and an
Executive Director of the Board.
Sally will succeed Jeremy Wilson, who will be stepping down as
CFO, following the announcement on 18 March 2020 that he will leave
the Company on 31 December 2020. Sally will join the Company at a
date to be announced in due course. In the period prior to his
departure, Jeremy and Sally will work together to ensure a smooth
handover.
Most recently Divisional Finance and IT Director for Precision
Engineering (Norgren), the largest subsidiary of IMI plc, a UK FTSE
250 specialist engineering company, Sally brings a wealth of
experience to Focusrite from a career that spans over 30 years,
including 20 years at Electrocomponents plc. Sally, a Chartered
Accountant, started her career with Grant Thornton and moved into
industry where she specialised in B2B distribution and
manufacturing, covering both financial reporting and operational
roles across Europe, APAC and the US. Sally is also treasurer of
the Oxford based charity, Fusion Arts.
Tim Carroll, Chief Executive Officer commented:
"Jeremy has been instrumental to the success of Focusrite since
its IPO six years ago. His contribution to the Board and day-to-day
finance and operations have left us very well placed for the
future. We wish him well and great success in all his future
endeavours.
"At the same time, I am delighted to welcome Sally to the team.
She has a proven track record of growing the businesses she has
worked for and I look forward to working closely with her as we
enter our next stage of growth."
Sally McKone added:
"Focusrite is a great company, with significant opportunities
ahead, and I look forward to becoming part of the team to build on
the current strengths and deliver on those opportunities."
-ends-
Enquiries:
Focusrite plc: +44 1494 836301
Tim Carroll (CEO)
Jeremy Wilson (CFO)
Panmure Gordon (Nominated Adviser and Broker) +44 20 7886 2500
Freddy Crossley / Alina Vaskina
Erik Anderson
Belvedere Communications +44 20 3687 2756
John West
Llew Angus
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Additional information
In accordance with the AIM Rules, the following information
required to be disclosed in relation to Ms McKone, Chief Financial
Officer, is set out below. Other than this information, there is no
further information required to be disclosed under paragraph (g) of
Schedule Two of the AIM Rules for Companies.
Sally Ann McKone (née Adams), 52, is, or has been in the
previous five years, a director of the following companies:
Current Directorships Past Directorships
IMI PRECISION ENGINEERING LIMITED ANSON CAST PRODUCTS LIMITED
FUSION-OXFORD'S COMMUNITY ARTS IMI LAKESIDE FIVE LIMITED
AGENCY LIMITED
CHARLES BAYNES NETHERLANDS B.V. PREMIER PROFILES LIMITED
IMI HOLDINGS LLC
IMI GROUP LIMITED
IMI KYNOCH LIMITED
IMI OVERSEAS INVESTMENTS LIMITED
IMI MARSTON LIMITED
IMI PROPERTY INVESTMENTS LIMITED
IMI GERMANY LIMITED
IMI SCOTLAND LIMITED
TRUFLO INVESTMENTS LIMITED
TRUFLO INTERNATIONAL LIMITED
TRUFLO GROUP LIMITED
IMI FLUID CONTROLS (FINANCE)
LIMITED
IMI REFINERS LIMITED
HOLFORD ESTATES LIMITED
IMI VISION LIMITED
ELECTROCOMPONENTS OVERSEAS LIMITED
ELECTRO LIGHTING GROUP LIMITED
RS GROUP LIMITED
RS COMPONENTS HOLDINGS LIMITED
RS SUPPLIES LIMITED
ELECTROMAIL LIMITED
RS COMPONENTS INTERNATIONAL LIMITED
ELECTROCOMPONENTS US FINANCE
LIMITED
READING WINDINGS LIMITED
ELECTRO-LEASING LIMITED
RS LIMITED
RADIOSPARES LIMITED
ELECTROCOMPONENTS FINANCE LIMITED
ELECTROCOMPONENTS U.K. LIMITED
Notes to Editors
Focusrite plc is a global music and audio products group that
develops and markets proprietary hardware and software products.
Used by recording professionals and musicians alike, its solutions
facilitate the high-quality production of recorded and live sound.
The Focusrite Group trades under six established brands: Focusrite,
Focusrite Pro, Novation, Ampify, ADAM Audio and Martin Audio.
With a high-quality reputation and a rich heritage spanning
decades, its brands are category leaders in the music-making and
audio recording industries. Focusrite and Focusrite Pro offer audio
interfaces and other products for recording musicians, producers
and professional audio facilities. Novation and Ampify products are
used in the creation of electronic music, from synthesisers and
grooveboxes to industry-shaping controllers and inspirational
music-making apps. ADAM Audio studio monitors have earned a
worldwide reputation based on technological innovation in the field
of studio loudspeaker technology. Martin Audio designs and
manufactures performance-ready systems across the spectrum of sound
reinforcement applications.
The Focusrite Group has a global customer base with a
distribution network covering approximately 160 territories. Both
Focusrite and Martin Audio are headquartered in High Wycombe, UK,
with marketing offices in Los Angeles and Hong Kong. ADAM Audio has
offices in Berlin, Nashville and Dongguan, China. Martin Audio has
a US subsidiary, based in Los Angeles.
Focusrite plc is traded on the AIM market, London Stock
Exchange.
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