Directorate Change

9 Feb 2009 07:00



09 February 2009 

e2v technologies plc

Directorate Change

e2v technologies, the specialist developer and manufacturer of high technology components and sub-systems, announces that Mike Hannant is planning to step down as Group Finance Director on the appointment of a successor. The search process is well underway and the new Group Finance Director will be announced in due course. 

Mike will remain in post during the transition period, focusing on the completion of certain key assignments. The succession plan is designed to ensure an orderly handover, reflecting Mike's desire to relinquish his position as a main Board Director of e2v.

Mike Hannant joined e2v in 1991, becoming Group Finance Director and Company Secretary in 1998. He was part of the team that undertook the MBO to create e2v, helped lead the group's IPO in July 2004 and played a key role in the subsequent development of the company.

The Board confirms that the financial and trading position of e2v remains as disclosed on 26 January 2009.

George Kennedy CBE, Chairman of e2v, said: 

"I would like to extend the Board's thanks to Mike for his years of loyal service to e2v. He has contributed a great deal to the development of e2v, most notably since its flotation on the London Stock Exchange. It is entirely appropriate that a new Group Finance Director is appointed as the group enters the next stage of its development. The search process to find Mike's replacement is already underway and we have planned this move carefully to ensure a smooth transition."

For further information:

NOTES FOR EDITORS

e2v

e2v's objective is to be a global leader in the design and supply of specialised components and sub-systems that enable the world's leading systems companies to deliver innovative solutions for medical and science, aerospace and defence, and commercial and industrial markets. 

e2v has 4 major product groups:

High performance electron devices and subsystems for applications including defence electronic countermeasures, radiotherapy cancer treatment, and radar systems

Advanced Imaging sensors and cameras for applications including industrial process control, dental X-ray systems, space science and life sciences

Specialist semiconductors, including logic, memory and microprocessors for high reliability mission-critical programs in avionics, defence and telecommunications, sensor data acquisition, and high speed data conversion

A range of professional sensing products for applications including fire, rescue and security thermal imaging, X-ray spectroscopy, and military surveillance, targeting and guidance

For the year ended 31 March 2008, e2v achieved sales of £205m and is listed on the London Stock Exchange. In October 2008 e2v acquired QP semiconductor, a leading US-based designer and supplier of specialty semiconductor components used in military and aerospace applications, establishing e2v's first US manufacturing base. 

The Company is headquartered in the United Kingdom and has approximately 1800 employees in six

production facilities across Europe and North America. e2v also operates a global network of sales and technical support offices, supported by local distributors and resellers.

Further information is available from "http://www.e2v.com" www.e2v.com