Velocity Composites appoints new finance chief

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Velocity Composites appoints new finance chief

Leading aerospace composite supplier Velocity Composites has appointed Rob Smith as its new Chief Financial Officer as it expands its services worldwide.

Rob will oversee the company’s finances as Velocity Composites pursues its plan for growth by using its technology to support sustainable composite production and reduce avoidable waste and costs for customers.

Rob is a chartered management accountant with significant experience in leadership roles in a number of AIM quoted technology companies, where he has been instrumental in leading growth strategies and improving operational efficiencies.

Rob was formerly Chief Financial Officer at Biome Technologies plc, a specialist technology group in the development of bioplastics. Prior to that he was CFO and CEO of Filtronic, a leading AIM listed electronics designer and manufacturer of advanced filters, antennas and mmWave transceivers to the telecommunications and critical communications markets. Rob said: “This is an exciting time to be joining Velocity Composites as the business grows as an international organisation offering efficiencies in the aerospace industry worldwide.

The ambitions are high and the aim is to continue to expand in the marketplace working in collaboration with our customers to meet their own targets and business aspirations.”

Jon Bridges, CEO of Velocity Composites, said: “Rob brings a wealth of relevant financial experience to the company from working in technology and manufacturing sectors. We look forward to working with him as we open up further opportunities being created by the international expansion of our services.” Velocity Composites manufactures advanced carbon fibre and ancillary material kits for use in the aerospace and associated industries. The company uses its process knowledge and proprietary software to manage the end-to-end raw material supply chain, reduce the amount of material required by its customers and reduce the associated material waste when making aircraft parts.

To find out more about Velocity Composites tel +44 (0)1282 577577 or see website.

Notes to editors: Based in Burnley, UK, with sites also at Fareham, Hampshire, and Tallassee, Alabama, in the US, Velocity Composites is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability. Customers include Airbus, Boeing, Safran and GKN. By using its proprietary technology, manufacturers can also free up internal resources to focus on their core business. Velocity Composites has significant potential for expansion, both in the UK and overseas, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow. ENDS Contact: Velocity Composites: AMS Technology Park, Billington Road, Burnley, BB11 5UB, www.velocity-composites.com, email enquiries@velocity-composites.com or tel +44 (0)1282 577577. ENDS All media enquiries please contact: Paul Tustin, Freshfield PR Tel: 01772 888400 paul@freshfield.com

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