5th Aug 2025 07:00
5 August 2025
Xaar plc
Board changes
Xaar plc ("Xaar" or "the Group" or "the Company"), the leading inkjet printing technology group, is pleased to announce the appointment of Mr Ben Stocks as Chairman and Independent Non-Executive Director.
Ben will join the Board on 1 October 2025 and on appointment will be Chairman of the Board. He will serve as a member of the Remuneration Committee and Chairman of the Nomination Committee.
As previously disclosed, Andrew Herbert has served nine years on the Board and planned to step down once a successor has been appointed. It is now confirmed that Andrew will step down from his role as Chairman and leave the Board on 30 September 2025.
Ben Stocks was CEO of Porvair PLC from 1998 to 2025, during which time Porvair transformed from a mainly UK based materials company into a global specialist filtration business with operations in the USA, UK, Europe and Asia. Ben has more than 35 years' experience in management leadership positions and held senior executive positions with Courtaulds PLC and Carnauld Metal Box. He is currently a non-executive director of City of London Investment Group plc, chairman of its nomination committee and a member of the audit, risk and remuneration committees. In addition, Ben is the senior independent non-executive director of the Aerospace Technology Institute and chairman of its remuneration committee. He holds an MBA from INSEAD and MA (Hons) from St. Andrews University.
John Mills, CEO commented:
"I am delighted to welcome Ben to the Board as Chairman. His experience in senior leadership positions in multinational manufacturing groups, most recently as CEO of Porvair Plc, is very relevant to the opportunities for Xaar and its continued transformation.
I would like to sincerely thank Andrew Herbert for his significant contribution and tireless commitment to the Board and Xaar as a director since 2016 and as Chairman since 2020. He has been instrumental in reshaping the Group during his time as Chairman and leaves it well positioned to capitalise on the opportunities that he has helped to develop. I wish him the very best for the future."
Andrew Herbert, Chairman commented:
"I leave Xaar in the hands of a highly capable and experienced Board and at a time when Xaar's unique technology is well placed to capitalise upon exciting opportunities in a range of industrial markets."
Ben Stocks commented:
"I look forward to joining Xaar in October and supporting management to fulfil their strategy of generating sustainable and profitable growth going forward."
The Company confirms there is no further information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to the appointment of Ben Stocks.
Enquiries:
Xaar plc | +44 (0) 1223 423 663 |
John Mills, Chief Executive Officer | |
Paul James, Chief Financial Officer | |
CEN Group - Investor Relations | |
Stephen Lamacraft | |
Daniel Verity |
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