5th Dec 2024 14:03
(Alliance News) - Alphawave IP Group PLC Thursday announced a significant leadership transition, with Executive Chair John Lofton Holt stepping down for personal reasons, effective December 6.
The London-based designer of high-speed connectivity solutions said Jan Frykhammar, currently senior independent non-Executive director, will succeed Holt as non-executive chair. Frykhammar has been on the board since April 2021, and the company does not plan to appoint a new executive chair.
Alphawave also appointed Chief Financial Officer Rahul Mathur as chief operating officer, a role he will take on alongside his CFO responsibilities. Mathur will join the board of directors effective December 6. He has been with Alphawave since October 2023 and has a background in corporate finance, M&A, and strategic planning.
The company stated that remuneration details related to Holt's departure will be disclosed on its website in accordance with regulatory requirements.
Shares in Alphawave were down 7.2% at 130.32 pence each in London on Thursday afternoon.
By Eva Castanedo, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights reserved.
Related Shares:
Alphawave Ip