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Alphawave IP chairman steps down

Thu 05 Dec 2024 09:49

(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

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