Two key executives at Bicester-based Transense Technologies plc are to step down.

The company, which develops specialist sensor systems for vehicles, recently reported a trebling in half-year profits to £257,000 while revenue in the six months ended 31st December 2022 grew from £1.2m to £1.6m.

However Nick Hopkins (pictured), chief operating officer, has agreed to step down as a director with immediate effect and will leave the company on 30th April following a period of garden leave.

Hopkins joined Transense in April 2020 and managed the transition of the Surface Acoustic Wave (SAW) from a science-led technology developer into a commercially driven business unit.

Paul Vickery, commercial and operations director – who has been with Transense for 19 years – will also leave the business with immediate effect by way of redundancy.

There was no indication as to the reasons for their departure.

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Ryan Maughan, business development director, will expand his current role, increasing his time commitment to Transense from seven to 12 working days per month. He will also take responsibility for the leadership of Translogik, the firm’s tyre monitoring equipment segment.

Technical director Andy Bullock, who joined the business in July 2022, will expand his current responsibilities to include day-to-day management of all operational aspects of the business as technical and operations director, a non-board position.

“I would like to thank Nick for his commitment and professionalism in placing our SAW business segment on a great platform for future success and wish him well for the future, and likewise I would like to thank Paul for his many years of commitment to Transense,” said Nigel Rogers, executive chairman. 

“Our management team will continue to focus all our attention on the delivery of long term commercial partnerships from amongst the many exciting opportunities that are in hand.”

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