Imagination Technologies Group
plc (LSE: IMG, “Imagination”, “the Group”), a leading multimedia,
communications and processor technology company, has been notified by Geoff
Shingles that he intends to retire as Chairman within the next 6 to 12 months when
a successor has been appointed.
Geoff has been Chairman of the
Group since 1994 and has supported the business through its development and
growth over the last 20 years.
Geoff Shingles commented:
“”I joined Imagination as it demerged and floated
in 1994 and have had the honour to be the Chairman since 1996. I am extremely
proud to have had this opportunity to participate in what has been an exciting
British technology enterprise and to be associated with an outstanding team of
“I must give huge credit for the success of the Group,
whose clients now include most of the major companies in our industry, to our
executives and staff. Its exciting
progress is due to our employees around the world who now number over 1,600. I shall remember this most recent phase of my
career with particular fondness.””
Sir Hossein Yassaie, Chief Executive Officer, commented:
“”Geoff has done an
outstanding job as Chairman and it has been a real pleasure working closely
with him for two decades. His experience and advice coupled with his deep
commitment to the success of the business have been invaluable.
“On behalf of the Board and the
whole company, I would like to thank him for the substantial contribution he
has made over this time. He will leave the business well positioned to further capitalise
on the significant opportunities that our technologies address.””
The process of recruiting a
replacement has begun.