Alphawave IP Group plc (LON: AWE), Alphawave Semi, has announced that John Lofton Holt has informed the Board of his intention to retire from the Company for personal reasons.
Mr. Holt will step down as Executive Chair and as an Executive Director of the Board effective as of 6 December 2024.
Jan Frykhammar will assume the role of non-executive Chair of the Board effective as of 6 December 2024. Mr. Frykhammar has served on the Board as Senior Independent Non-Executive Director since April 2021 and has extensive experience as a senior executive, chairman and non-executive director, including as Group Executive Vice President and Chief Financial Officer, and interim Chief Executive Officer, at Ericsson Group. The Company does not intend to appoint a new Chair in an executive capacity.