Oliver Jones to succeed John Chubb as CEO, effective November 1, 2024

Reading UK – 1 November 2024. Sondrel, a leading technology company providing 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 to enter its next phase of growth and advancement.

John Chubb, who assumed the role of CEO in July 2024, took the helm to accelerate and complete a major, company-wide transformation programme initiated and announced earlier this year. John has successfully led Sondrel through the crucial stages of comprehensive restructuring, including the formation of a new leadership team, delisting the company from AIM and the successful renegotiation of 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 across FTSE-listed engineering companies, private equity-owned businesses, and technology startups. His proven track record in driving growth through nurturing partnerships, enhancing 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'm proud of what our team has accomplished in completing the restructuring programme we began this year. I'm confident that Ollie’s leadership will drive Sondrel to new heights. The company is well-positioned for its next chapter of growth."

Oliver Jones expressed enthusiasm about his new role: "I am honoured to take on the role of CEO for Sondrel at this exciting time. John and the team have built a powerful foundation and I look forward to working with our talented employees, partners, and customers to capitalise on the opportunities ahead. Together, we will focus on driving growth, enhancing our technology offerings, and delivering exceptional value to our stakeholders."

The Board of Directors expressed gratitude for John Chubb's leadership and welcomed Oliver Jones to his new role. "We are thankful for John's strong leadership during this transitional period," said Chairman David Mitchard. "His efforts have been instrumental in positioning Sondrel for future success. We are excited for Ollie to step up to the 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, ensuring a smooth transition and ongoing stability for the company.