Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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.
Copyright 2024 Alliance News Ltd. All Rights reserved.