Alphawave IP Group plc announced that its Chief Financial Officer (CFO), Daniel Aharoni will step down from the Company. The Board has agreed with Daniel Aharoni that he will step down as CFO and as an Executive Director of the Company following the publication of the audited results of the Company for Fiscal Year 2022, anticipated to be on or before 12 May 2023. The Board will now begin the search for his successor.

In the interim, Christian Bowsher, Senior Director of Finance at Alphawave Semi, will serve as acting CFO to support John Lofton Holt and Tony Pialis to enable an orderly transition. Christian is an experienced member of Alphawave Semi's finance organisation, and he will be further supported by Raj Mahadevan, co-Founder and SVP of Operations, who managed the finance function from 2017 to 2021. Further updates will be provided in due course.