Directorate Change
Windar Photonics plc announces that Søren Belmar is stepping down as Group Chief Financial Officer and Director, effective immediately, with Flemming Hållén-Kragh appointed as Finance Director from 16 September 2026. Belmar will remain for a two-week handover period to ensure financial function continuity. Hållén-Kragh brings 40 years of international finance, auditing, and consultancy experience, including senior roles at Toms Gruppen A/S and Allianceplus, and holds an MSc in Auditing and a BA in Finance and Accounting from Copenhagen Business School. The company's Chairman expressed gratitude to Belmar and confidence in Hållén-Kragh's ability to strengthen financial processes.
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Windar Photonics plc (AIM:WPHO), the technology group that has developed a LiDAR assisted Monitoring and Optimisation solution across multiple wind turbine platforms, announces that by mutual agreement Søren Belmar is to step down as Group Chief Financial Officer and Director of the Company, effective from today.
The Company also announces the appointment of Flemming Hållén-Kragh as Finance Director, a non-Board position, commencing from 16 September 2026. Søren has agreed to remain with the business for a handover period of up to two weeks, to ensure continuity across the Group's finance function.
Resident in Copenhagen, Flemming Hållén-Kragh, aged 59, brings 40 years of international experience in finance, auditing and consultancy. During his career he has held senior positions across a range of industries, both domestically and internationally. Most recently, he was Group Finance Manager at Toms Gruppen A/S, where he established and led a shared service centre in Poland, managed the closure of the group's activities in Germany, and led the accounting, transfer pricing and tax compliance functions. Prior to this he served as Group Finance Manager at Allianceplus, a Scandinavian facilities management group.
He holds an MSc in Auditing and a BA in Finance and Accounting, both from Copenhagen Business School.
David Lis, Chairman of Windar Photonics plc, commented:
"On behalf of the Board, I would like to thank Søren for his hard work and dedication to Windar and we wish him well for the future. I am also pleased to welcome Flemming to the Group. He brings a wealth of long-term experience from a broad range of senior financial roles in Denmark and internationally, together with a strong track record as a finance leader. I am confident that his experience and expertise will strengthen the Group's financial processes, controls and reporting, as Windar moves forward."
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