LISTED ELECTRONICS COMPANY Laird has confirmed its long-serving CFO Jonathan Silver is to step down in May 2015 after nearly 29 years with the business.
Silver has spent 21 of those years as FD or CFO, and is to take an active part in the selection of his successor, chief executive David Lockwood said.
Shares in the electricals company fell 3% following the news.
In late July, Laird announced its profit before tax for the first half of the year hit £16m, up on last year, while underlying profit rose 14% to £19.8m.
Lockwood said: “Jonathan Silver joined Laird in 1986 holding the roles of group treasurer and corporate development manager before being appointed to the board as finance director/chief financial officer in 1994. During this time, he has overseen a major transformation at Laird. Jonathan has been an excellent CFO with a strong reputation both within the business and externally.
“The board is very grateful to him for the job that he has performed over many years of dedicated service.”