Shares in Raspberry Pi Holdings plc climbed 5% today after it announced it had appointed Tim Powell as its next CFO.
The Cambridge-based firm said Powell, who brings over 20 years’ leadership experience across fast-growing public companies, will join as its finance chief and as a director with effect from 16th October 2026.
Last October current CFO Richard Boult informed the board of his intention to step down. He will leave at the end of October.
Raspberry Pi is behind low-cost miniature computers which were initially used extensively in education before becoming a favourite among hobbyists. The company, which listed in 2024, is “graduating from maker culture and hobbyist fan fave to something more mature” and has seen demand for its products from original equipment manufacturers and other enterprise customers.
The company’s share price is up almost 200% in the year to date.
Most recently, Powell was CFO of Alpha Group International, where he managed the company’s move from the junior AIM to the Main Market of the London Stock Exchange and into the FTSE 250 and its subsequent sale to Corpay Inc.
Prior to this, he held senior finance leadership roles at the FTSE 100 London Stock Exchange Group, including CFO of the London Stock Exchange and was the finance lead on the $27bn acquisition and integration of Refinitiv.
“Tim brings deep experience of scaling fast growing businesses and navigating periods of significant strategic development,” said chair Martin Hellawell.
“His track record at LSEG and Alpha demonstrates his ability to combine financial discipline and operational execution, and we are excited to welcome him to Raspberry Pi.
“As we continue to expand our global reach and invest in the opportunities ahead, Tim’s experience and perspective will be invaluable to the business and to the board.”
Powell said: “Raspberry Pi holds a unique position in UK technology and I am delighted to be joining at this stage in its development.
“The team has a clear vision and purpose and I look forward to contributing my experience from scaling international businesses to support the company’s next phase of growth.”