Velocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, is pleased to announce the appointment of Brian Tenner, ACA as an Independent Non-Executive Director effective immediately. Further to the announcement on 27th February 2018, the Company also announces the retirement of Peter Turner from the Board effective today.
Brian Tenner is a highly experienced commercial, operational and financial professional with over 25 years industry experience. Most recently Brian was CFO of the Main Market listed NCC Group Plc. Prior to that he was Group Finance Director at Renold plc from 2010 – 2016, Scapa Group plc from 2007 – 2010 and BNFL plc from 2003 – 2007. Brian started his career at PwC in Audit and Business Advisory Services.
Brian holds a LLB (Hons) degree in Law from Edinburgh University, is a Chartered Accountant and completed an Advanced Management Programme at INSEAD in 2006.
It is intended that Brian Tenner will chair the Audit Committee and be a member of the Remuneration Committee.
The appointment follows the announcement made on 27th February 2018 that the Board was seeking to appoint two new non-executives; one with an audit and finance background alongside another one with manufacturing and public company experience. It is expected that a further independent non-executive Director appointment will be made in the near future.
Mark Mills, Non-Executive Chairman of Velocity said:
“On behalf of the Board I am delighted to welcome Brian as a Non-Executive Director during an exciting stage of the Company’s growth. Brian’s extensive finance, PLC and operational experience will be of significant value as we focus on expanding our customer base in Europe and beyond.
I would also like to thank Peter for his contribution to the Company and wish him well in his retirement.”