A new chair has been appointed by Zytronic plc, a manufacturer of touch overlay sensors for interactive displays based in the North East of England.
The company’s technology – manufactured in three factories in Blaydon – is used in self-service, gaming and industrial applications.
In May it announced a fall in six-monthly revenues from £5.9m to £4.7m alongside a pre-tax loss of £900,00, compared with a profit in the previous year of £400,000.
It said that several customers in North America had been affected by the bankruptcy of Aruze Gaming America, while wider overstocking due to supply chain concerns had also hit it hard.
Dr Christopher Potts now takes the position of non-executive chair, with interim chair Mark Butcher returning to the role of independent non-executive director.
Why Steve Bartlett Flight Fund investor is launching own PE fund
Dr Potts brings over 20 years of senior executive and chair experience of international technology businesses. He is presently chair of Guralp Systems Ltd, a world-leading company in the design, manufacture, and installation of seismic event monitoring instrumentation, whose global reach and focus is similar to Zytronic.
Dr Potts’s experience includes managing privately owned firms, private equity-backed businesses and divisions of listed public companies, and he has led several large international corporate transactions.
“I would like to thank Mark, on behalf of the board, for stepping into the interim non-executive chair role… and for his stewardship since, as we conclude the initial stage in reconfiguring the board,” said Mark Cambridge, CEO of Zytronic.
“Similarly, I would like to welcome Chris, and look forward to closely working with him, in shaping and delivering the strategy of the business, for the benefit of all stakeholders.”