– UK, Reading – Sondrel (Holdings) plc (LON: SND), a leading provider of ultra-complex chips for leading global technology brands, announced the appointments of David Mitchard and Miles Woodhouse to its Board of Directors with immediate effect, along with completing fundraising to raise gross proceeds of £5.6 million.
David Mitchard has also been appointed as Non-Executive Chairman and will remain as Interim CEO until John Chubb joins Sondrel as CEO on 18 July 2024.
About David Mitchard
David Mitchard has more than 20 years of experience in leading large corporate divisions in complex engineering environments and successfully implementing turnaround strategies. Most recently, he was Managing Director of Maritime Services at BAE Systems. David brings with him a wealth of experience which the Company believes will benefit its ability to execute the transformation of its business.
About Miles Woodhouse
Miles Woodhouse has been appointed as a Non-Executive Director of the Company. He is the Executive Director of Rox Equity Partners Limited, the Company’s largest shareholder, and brings extensive experience in building businesses from his years as an entrepreneur and director on the boards of various UK technology groups. He has particular expertise in turning operations around through shaping strategy and making tactical acquisitions. Before joining Rox Equity Partners Limited, Miles was the Chief Technology Officer of a £3bn subsidiary of a global defense business.
For more information: https://www.sondrel.com/
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