BusinessCloud Email Newsletter
BusinessBite live blog

Sweeping changes at TT Electronics after £287m takeover collapse

Published: April 10, 2026 at 7:54 am

Author: Jonathan Symcox

TT Electronics plc has named its next chair and CFO, while two non-executive directors are to stand down.

The listed firm saw a proposed £287 million takeover by Swiss electronics group Cicor collapse earlier this year after shareholders voted against the deal.

In the wake of that development, TT chairman Warren Tucker confirmed plans to step down as chairman in May after serving two three-year terms.

Now it has confirmed that Phil Swash will succeed him with effect from the end of TT’s Annual General Meeting, to be held on 15th May.

Two directors have also now decided to stand down, while the company has named its next CFO.

Subscribe to our newsletter

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.