ZBD appoints new Chairman and new CFO to strengthen board and executive team
26 June 2012
ZBD, a UK company that designs, manufactures and supplies e-paper display solutions for retailers and industrial users globally, today announces Howard Ford as its new Chairman and Jon Varney as its new Chief Financial Officer. They join as the company continues to establish itself as a key supplier to many of the world’s top retailers and to grow at 200% CAGR. Revenues grew to $19.6m (£12.6m) in its last financial year.
Howard has served on the boards of both privately-held and public companies, as well as having many years operational experience in developing businesses. In addition to ZBD, he is Chairman of Filtronic plc, Cambridge Semiconductor and Light Blue Optics.
Previous executive roles include: Chief Executive of BT Cellnet, the UK mobile operator; and several positions with IBM including General Manager of its European PC business. Howard was also Managing Director of Equant Network Services when the company was listed on the NYSE and Paris Bourse before being acquired by France Telecom in 2005.
Jon is a Chartered Accountant with over 20 years international experience as a Finance Director of both public and private companies operating in manufacturing, defence and technology sectors. He has a proven track record of international merger and acquisition experience, working with a wide range of institutional directors and funders.
Previous executive roles include Finance Director at Dowty Aerospace Hydraulics, a TI Group subsidiary and Aerostructures Hamble, a Smiths Group company. Jon joined AIM listed Conder Environmental plc, a manufacturer of environmental systems as Group Finance Director and became Group Managing Director. For the last three years Jon has been CFO of Becrypt Limited, a specialist provider of endpoint security software solutions to the UK and US Governments.
Howard succeeds Colin Garrett who was appointed Chairman in 2001 and Jon succeeds Carl Plucknett as CFO, who joined in 2008.
Commenting on the appointments, ZBD CEO, Shaun Gray said:
"Howard and Jon have outstanding business track records and both our employees and investors are delighted they have agreed to join the team. This is an exciting time for the business as we expand our product offering, customer base and geographic presence whilst aggressively growing global sales. At the same time we also thank Colin Garrett for his guidance and contribution for over 10 years as Chairman and look forward to his continued support in his new role as Deputy Chairman. We also recognise and thank Carl Plucknett for his significant contribution as CFO."
Notes for editors
Formed in 2000 out of QinetiQ, ZBD is a pioneering company with its own R&D, full IPR and scalable manufacturing processes that enable it to deliver an e-paper solution with practical commercial advantages for retailers.
ZBD is a leader in the design and supply of electronic shelf edge labels and associated software solutions for the retail industry. The company has developed the next generation of LCD, creating high-contrast bistability that requires no battery power to retain its image. Its range of e-paper displays provides retailers with a total store solution and the ability to manage and update pricing, product and promotional information at point of purchase, dynamically.
For further information on ZBD, visit http://www.zbdsolutions.com or follow ZBD on Twitter at @zbdsolutions.
Media contact at ZBD:
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ZBD Displays Ltd. | Building 3 | Kingswood | Kings Ride | Ascot | Berkshire | SL5 8AD | UK