Quixant names XP Power's Johan Olivier as CFO

Quixant said Olivier, who will join the firm from XP Power, will take over from interim CFO Andrew Jarvis on 31 August.

Jarvis will stay with the business until the end of the year to help with an orderly handover.

Chairman Francis Small said: "We are delighted to be bringing Johan onto the board and to have attracted someone of his calibre. His tenure during several years of impressive growth at XP Power puts him in excellent stead to support Quixant's ambitious growth plans.

"On behalf of the board, I would like to thank Andrew for his hard work and contribution to Quixant over the last year, which have helped navigate the business through unprecedent global conditions."

As of 1145 BST, Quixant shares were down 1.79% at 165.0p.