SIG (LSE:SHI) said on Friday that Chief Financial Officer Ian Ashton will step down from his role to take up a new position at TT Electronics Plc (LSE:TTG).
Ashton, who has served as CFO since July 2020, will remain with the company for a period of up to six months to ensure a smooth transition while a successor is identified.
Chairman Andrew Allner said Ashton “has contributed significantly to the development and strengthening of the Group’s financial and operating processes.”
Chief Executive Officer Pim Vervaat also acknowledged Ashton’s role in shaping the company’s long-term direction, thanking him for his work on SIG’s 2030 strategy.
Ashton stated he is “proud of the progress the business has made over the last six years” and believes the Group is positioned to deliver on its strategic plan under Vervaat’s leadership.
SIG confirmed that it has launched a search process to appoint a new chief financial officer.
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