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Focusrite PLC (TUNE)

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Tuesday 01 September, 2020

Focusrite PLC

Appointment of new CFO

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 AGENCY LIMITED

IMI LAKESIDE FIVE 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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