CXA Celoxica

RNS Number:5659G
Celoxica Holdings PLC
30 October 2007


30 October 2007


                             CELOXICA HOLDINGS PLC
                         ("CELOXICA" OR "THE COMPANY")

                  Non-Executive Appointment and Board changes
                                       
 Celoxica bolster boardroom team to capitalise on lucrative Financial Services
                                     market

Celoxica Holdings plc (AIM: CXA) - a leading provider of FPGA based High
Performance Computing solutions, is today delighted to announce the
strengthening of its board through the appointment of Jean-Marc Bouhelier as
Non-Executive director.

Jean-Marc has over 20 years experience leading technology and business
organisations that have needed to adapt to new developments and changes in the
financial markets, a key target market for Celoxica. Jean-Marc was Chief
Executive Officer at AEMS from 2004 to 2007 and previously held the position of
Chief Operating Officer for Instinet, the largest ECN and Electronic broker in
the US. Prior to these roles, Jean-Marc was Global Head of Equity technology at
Merrill Lynch between 1996 and 2000 and before that IT development manager at
Banque Paribas.

Jean-Marc has invested in the Company and now holds 2,105,263 ordinary shares of
1p each, representing approximately 2.5 per cent. of the Company's issued
ordinary share capital. Jean-Marc is currently a director of Photoways Inc. in
the United States and has held directorships in the following organisations
within the five years prior to this announcement: Liffe PLC, Coexis Ltd, G Room
Ltd and Instinet Europe.

The Company also wishes to announce that Ian Yeoman, non-executive director, has
stepped down from the Board with immediate effect. Ian has been on the Board
since November 2005 and took on the role of acting Chief Executive Officer
whilst the Company searched for a new CEO earlier this year.

Jean-Marc commented, "I have joined Celoxica because I believe they are ideally
placed to provide solutions for some of the most challenging problems facing the
finance sector. The finance sector faces many challenges such as the exponential
development of electronic trading, the growth of complex derivatives trading, an
increase in power consumption and cooling requirements and limited modern data
center space. These problems make the need for a technology that combines
accelerated computing and low power/cooling very acute. I am confident that
Celoxica's solutions can help solve these problems and look forward to helping
grow the Company during this exciting phase of the business."

Lee Staines, Chief Executive of Celoxica commented, "Following the two
successful recent proof of concept projects in the financial services market,
Jean-Marc's extensive experience in providing technology solutions for this
market will be instrumental in our drive to penetrate it further. The potential
for growth in the area is significant and Jean-Marc's decision to join the board
is a fantastic endorsement of our solutions within the financial services
market.

The Board would also like to thank Ian for his contribution to the Company and
in particular during his period of interim CEO. We wish him well for the
future."

There are no further disclosures to be made in accordance with Schedule 2(g) of
the AIM Rules for Companies.


ENQUIRIES

Celoxica Holdings plc (www.celoxica.com)         Tel. +44 (0)1235 863 656
Lee Staines, CEO
Michelle Young, CFO

ICIS                                             Tel. +44 (0) 20 7651 8688
Tom Moriarty                                     +44 (0) 7843 260 623
Caroline Evans-Jones

Arbuthnot                                        Tel. +44 (0) 20 7012 2000
Tom Griffiths
Alasdair Younie







                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
BOAOKCKDOBDDDKB

Celoxica (LSE:CXA)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Celoxica (LSE:CXA)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024