Nexteq Appoints Carol Thompson as New Chair After Executive Departures

Company - People | Apr 02, 2025 | Business Cloud

Nexteq Appoints Carol Thompson as New Chair After Executive Departures

Nexteq PLC, a company specializing in displays for the gaming and industrial sectors, has named Carol Thompson as its new non-executive chair. Thompson, a board member since September 2022, succeeds Francis Small following his announced departure amidst an executive exodus from the Cambridge-based firm. Nick Jarmany, who temporarily filled the chair role, will stay on as non-executive deputy chair, providing mentorship to Nexteq's technology leadership. Thompson's appointment follows a turbulent year for Nexteq, with its share price nearly halving from 155p in April 2024 to 64p currently. With a strong background as CFO at Genting Casinos, Tote, and Electricity North West, Thompson's leadership will be pivotal for Nexteq as it navigates its current challenges.

Sectors

  • Manufacturing
  • Technology

Geography

  • United Kingdom – Nexteq PLC is based in Cambridge, indicating its primary operations and market interactions occur within the UK.

Industry

  • Manufacturing – Nexteq PLC operates within the manufacturing sector, specifically producing display technologies for gaming and industrial applications.
  • Technology – The appointment of technology leadership and the role of a mentor highlight the tech-driven aspects of Nexteq's operations.

Financials

  • 64p – Current share price of Nexteq PLC, reflecting a significant decrease from the previous year.
  • 155p – Share price of Nexteq PLC one year ago, indicating a steep decline in value since then.

Participants

NameRoleTypeDescription
Nexteq PLCTarget CompanyCompanyA Cambridge-based supplier of display technologies for gaming and industrial sectors.
Carol ThompsonIncoming Non-Executive ChairPersonAppointed as the non-executive chair of Nexteq PLC, previously held CFO positions at various companies.
Francis SmallOutgoing ChairPersonPrevious chair who announced his departure from Nexteq PLC.
Nick JarmanyInterim Chair and Non-Executive Deputy ChairPersonServed as interim chair and will continue as a mentor to Nexteq's technology leadership.