No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Semiconductor business Alphawave IP revealed on Thursday that chairman John Holt was set to retire from the group for undisclosed "personal reasons".
Holt will step down from the group on 6 December and will be replaced by Jan Frykhammar, who has served on the board of Alphawave IP since April 2021.
The London-listed group also announced that Rahul Mathur had been tapped to take over as chief operating officer and will perform the role alongside his duties as chief financial officer.
Chief executive Tony Pialis said: "John's passion, integrity, resourcefulness and many contributions were critical to establishing the foundations for our company's success. All of us wish John the very best in the future. I am delighted to work with Jan and Rahul in their expanded roles. Their decades of leadership experience at leading publicly traded technology companies will be invaluable as we realise our plans to become the industry's next great semiconductor company."
As of 1100 GMT, Alphawave IP shares were down 5.41% at 132.80p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.