Pyreos announces Ian Jenks as Non-Executive Chairman
Pyreos has announced the appointment of Ian Jenks as its new non-executive chairman with effect from the 28th May. He succeeds Howard Ford, who is leaving after seven years in the role. Ian’s appointment is the latest part of a long-term plan to increase international semiconductor and photonics experience on the board.
Ian Jenks has over 30 years of experience in senior executive roles at technology companies operating from the US and the UK. He was previously Chairman of Oslo Børs-listed company Birdstep Technology, Senior Independent Director of Paysafe and Chairman of Brady – all of which were sold to private equity. Ian’s earlier roles included partnership in Crescendo Ventures, a west coast based venture capital fund, Chairman of Oplink Communications and President of Uniphase.
In addition to his role at Pyreos, Ian is currently Chairman and CEO of Smartkem, Chairman of Impression Technologies, and a non-executive Director of Nexeon, Econic and Zeetta Networks.
Pyreos has demonstrated two consecutive years of significant sales growth for its flagship ezPyro digital surface mount integrated sensor systems. Last quarter, the company reported a 10X increase in revenue over this period. ezPyro enables designers of sensor systems to bring new solutions to market faster. Pyreos has also already booked 50% top line growth for 2020 and is shipping into major new resale and OEM customers worldwide.
Commenting on the new appointment, Andrew Wallace, CEO, said: “After a careful search we are delighted that Ian has agreed to join us as chairman. He brings an outstanding track record and reputation in establishing new technologies and visions, both in the UK and US, and has lost no time in contributing to the business. His track record, especially within the VC and PE sectors, of guiding start-ups to sustain extreme growth is an invaluable asset in leading our company to capitalise on recent performance.”
Ian Jenks commented: “I’m delighted to succeed Howard at the helm of this globally unique business. It has already proven it can maintain growth and has built a loyal customer base and strong brand within the infrared sensor markets. We see the world differently in mid-infrared using our small, pervasive sensors which are easy to integrate and reuse. We have an opportunity to use our unique technology to drive global sensor growth. I’m excited to join the team and look forward to using my experience to help Pyreos accelerate its growth.”
“We are grateful to Howard Ford for his contributions and dedication over seven years. Under his guidance, Pyreos has achieved much clearer growth and a succession of transformational deals. Howard leaves the company with a much stronger foundation for further growth,” said Andrew Wallace, CEO at Pyreos.