Sondrel Holdings Ltd Announces CEO Transition to Lead Next Phase of Growth

1^st November 2024
JPJ: SND
ISIN: GB00BJN54579

Sondrel announces CEO transition
to lead the next phase of growth

Oliver Jones succeeds John Chubb as CEO
effective from November 1, 2024

Reading UK – November 1, 2024. Sondrel, a leading technology company delivering ultra-complex, custom chips for leading global technology brands, today announced that Oliver Jones will succeed John Chubb as Chief Executive Officer, effective November 1, 2024. This planned leadership transition comes as Sondrel prepares for his next career. phase of growth and progress.

John Chubb, who assumed the role of CEO in July 2024, took the helm to accelerate and complete a major, company-wide transformation program initiated and announced earlier this year. John successfully led Sondrel through the critical phases of a comprehensive restructuring, including the formation of a new leadership team, delisting the company from AIM and successfully renegotiating major supplier contracts, positioning the company for future success.

Oliver Jones brings to Sondrel an extensive background in sales, marketing and commercial operations, with experience gained from FTSE-listed engineering companies, private equity owned companies and technology start-ups. His proven track record of driving growth by nurturing partnerships, improving customer experience and implementing robust commercial management strategies aligns perfectly with Sondrel’s vision for the future.

“It has been a privilege to lead Sondrel through this critical period of transformation,” said John Chubb. “I am proud of what our team has accomplished in completing the restructuring program we began this year. I am confident that Ollie’s leadership will take Sondrel to new heights. The company is well positioned for its next chapter of growth. “

Oliver Jones expressed his excitement about his new role: “I am honored to take on the role of CEO of Sondrel at this exciting time. John and the team have built a strong foundation and I look forward to working with our talented employees, partners and customers to take advantage of the opportunities ahead. Together we will focus on driving growth, enhancing our technology offering and delivering exceptional value to our stakeholders.”

The Board of Directors expressed its gratitude for John Chubb’s leadership and welcomed Oliver Jones to his new role. “We are grateful for John’s strong leadership during this transition period,” said Chairman David Mitchard. “His efforts have been instrumental in positioning Sondrel for future success. We are excited to have Ollie take on this role; his expertise and vision will be invaluable as we embark on our next phase of growth.”

John Chubb will continue to provide support to the leadership team and ensure a smooth transition and continued stability for the company.

About Sondrel

Sondrel is a UK-based fabless semiconductor company specializing in high-performance, ultra-complex, custom digital Application Specific Integrated Circuits (ASICs) and System on Chips (SOCs). It offers a complete turnkey service in design, prototyping, testing, packaging and manufacturing of ASICs and SoCs.

The company is one of the few companies capable of designing and delivering higher specification chips, built on the most advanced semiconductor technologies, and selling them into a range of hyper-growth end markets such as high-performance computing, automotive, artificial intelligence, VR / AR, video analysis, image processing, mobile networks and data centers. Sondrel designs have powered products from leading technology brands including Apple (iPhone), Sony (PlayStation), Meta’s (Oculus), Samsung, Google and Sony smartphones, JVC (prosumer camcorders), Tesla and Mercedes-Benz cars.

Sondrel is well-reputed, with a 20-year track record of successful delivery, supported by long-standing ecosystem partnerships including Arm, TSMC and Samsung. Sondrel is headquartered in the UK and has a global presence with offices in the UK, US, India and Morocco.

For more information, visit www.sondrel.com

Press contact:

Nigel Robson, Vortex PR. [email protected] +44 1481 233080