16th May 2007 07:01
Xaar PLC16 May 2007 FOR IMMEDIATE RELEASE 16 May 2007 Xaar plc APPOINTMENT OF NON-EXECUTIVE CHAIRMAN Xaar plc ("Xaar" or "the Company"), the inkjet printing technology groupheadquartered in Cambridge, is pleased to announce that Mr. Phil Lawler will beappointed as a non-executive director with effect from 1 June 2007. Following ahandover period, Mr. Lawler will become non-executive Chairman of the companywith effect from 1 July 2007. Arie Rosenfeld will retire from the Board at that time, having been Chairman ofXaar since before the Company's IPO in October 1997. During his decade asChairman, Xaar's revenues have increased tenfold. Phil Lawler, aged 58, has extensive experience of high-technology industries,having spent 18 years until 2002 at Hewlett-Packard in various senior positions,most recently as Chairman and Managing Director of Hewlett-Packard, UK andIreland. After leaving Hewlett-Packard, Mr. Lawler has been a director of anumber of technology companies including several private companies where he hasbeen introduced by venture capital investors. He is currently non-executiveChairman of EGS Ltd. and between 2003 and 2005 he was non-executive Chairman ofDensitron Technologies plc. Ian Dinwoodie, Chief Executive commented: "On behalf of the whole Board, I would like to thank Arie Rosenfeld for theleadership and wise counsel he has provided over the past decade during which hecontributed so much to Xaar's development into one of the world leaders indigital inkjet technologies. "We are delighted to welcome Phil Lawler as our new Chairman. He brings a wealthof invaluable experience to Xaar gained in both large and small technologybusinesses where managing global growth has been critical." Phil Lawler, Chairman designate said: "I am delighted to join Xaar at a time when inkjet is only just beginning tomove into mainstream printing markets and many new potential markets are openingup. Xaar has a strong executive management team which, I am confident, willensure that the Company benefits from these exciting opportunities." Contacts Xaar plc: 01223-423663Ian Dinwoodie, Chief Executive www.xaar.co.ukNigel Berry, Group Finance Director & DeputyChief Executive Bankside Consultants:Steve Liebmann or Simon Bloomfield 020-7367-8883 / 07802-888159 Additional information: Mr. Lawler was non-executive Chairman of Empower Interactive Group Ltd., aprivate, highly leveraged, venture capital backed company. As this company wasunable to raise its latest round of finance, the board considered that it was nolonger a 'going concern' and took appropriate action, placing the company intoAdministration in November 2006. Other than as stated above, there is no information concerning Philip JamesLawler which requires disclosure under Rule LR 9.6.13 of the UK ListingAuthority Listing Rules. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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