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Telit Communications names Paolo Dal Pino as its new chairman

"I am delighted to be joining the board at this important juncture in Telit's development and I look forward to working with the management and board on the next stage of Telit's journey”

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Paolo Dal Pino joins the board from 1 September

Telit Communications PLC (LON:TCM) has confirmed the appointment of Paolo Dal Pino as the company’s new non-executive chairman, effective from 1 September.

He replaces Simon Duffy, who having been named interim chairman in June will subsequently revert to his prior position as senior independent non-executive director.

Dal Pino was previously chief executive of Prometeon Tyre Group, previously part of the Pirelli Group, leaving the position in January this year.

READ: Telit agrees sale of automotive division for US$105mln

"I am delighted to be joining the board at this important juncture in Telit's development and I look forward to working with the management and board on the next stage of Telit's journey,” Dal Pino said in a statement.

"Along with artificial intelligence and robotics, IoT will be one of the most dynamic industrial sectors in the coming years and Telit is very well-positioned to leverage its considerable strengths, in terms of people and technology, and to compete effectively in the sector."

Simon Duffy, meanwhile, added: “In line with our statement on 25 June, we have taken aboard the views of our shareholders following our AGM and regarding the appointment of a permanent chairman.

"We are delighted to announce that, at the conclusion of that process, Paolo will be joining as chairman. 

“He has considerable expertise gained in a number of leading multinational corporations across a range of sectors and will bring a wealth of valuable experience to the board.”

Quick facts: Telit Communications PLC

Price: 131.2 GBX

AIM:TCM
Market: AIM
Market Cap: £174.54 m
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