Velocity Composites Plc ( (GB:VEL) ) has shared an announcement.
Velocity Composites plc announced the appointment of Oliver Smalley as the new Chief Operations Officer. Smalley, with over 20 years of experience in manufacturing and operational leadership, will focus on enhancing business processes, digital transformation, and operational efficiency to support the company’s growth in the US and Europe. This strategic move aims to strengthen Velocity’s position in the aerospace market and support its expansion into new sectors, ensuring continued organizational success and stakeholder satisfaction.
More about Velocity Composites Plc
Velocity Composites plc, based in Burnley, UK, is a leading supplier of composite material kits primarily to the aerospace industry, serving major clients such as Airbus, Boeing, and GKN. The company focuses on reducing costs and improving sustainability for high-performance manufacturers and is exploring expansion into new markets like wind energy, urban air mobility, and electric vehicles.
YTD Price Performance: 16.67%
Average Trading Volume: 112,946
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.01M
Learn more about VEL stock on TipRanks’ Stock Analysis page.