May 22, 2019
Telit Communications PLC
Paolo Dal Pino appointed Chief Executive Officer and Simon Duffy appointed Chairman
London, 22 May 2019 – Telit Communications PLC (“Telit”, “the Group”, AIM: TCM), a global enabler of the Internet of Things (IoT), has appointed Paolo Dal Pino Chief Executive Officer and Simon Duffy Non-Executive Chairman, both with immediate effect.
Paolo joined Telit as Non-Executive Chairman in September 2018. He then became Executive Chairman the same month and led the Group transformation and repositioning with a real focus on profitability and cash generation.
Simon was appointed senior non-executive director in November 2017 and was interim Chairman from June to August 2018.
Simon Duffy, Non Executive Chairman, commented:
“Paolo’s appointment provides the Group and all our stakeholders with continuity. He has been driving the business over the last nine months, including the rationalisation of our operational structure and the better integration of our products and services.”
Paolo Dal Pino, Chief Executive Officer, said:
“Over the last nine months, we have been concentrating on the fundamentals of the core business, having reshaped our IoT Platform and enhanced its go to market strategy.
“We have established the basis for a healthier and more synergic growth across the whole Group with a well-functioning and balanced board now led by Simon as Chairman.”
Enquiries:
| Telit Communications PLC
Simon Duffy, Non Executive Chairman |
Tel: c/o Instinctif Partners |
| finnCap (Nomad and joint broker)
Henrik Persson/Giles Rolls (corporate finance) Tim Redfern/Richard Chambers (corporate broking) |
Tel: +44 20 7220 0500 |
| Berenberg (Joint Broker)
Chris Bowman/Mark Whitmore |
Tel: +44 20 3465 2722 |
| Instinctif Partners | Tel: +44 20 7457 2077 |
| Adrian Duffield/Chantal Woolcock |
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement. The company offers the industry’s broadest portfolio of integrated products and services for end-to-end IoT deployments – including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.
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