Raspberry Pi Holdings Plc (RPI.L) Friday said that its Chief Financial Officer or CFO Richard Boult has informed the Board that he will be step down from his position in the second half of 2026. He has served as CFO for seven years, including two years, post listing, the British computing business said in an official statement.
Raspberry Pi said that a formal search process has begun to find the successor of Boult. According to the company, Boult will be stepping down so that he can look into new opportunities and help it bring together a team to prepare for its next phase of growth. Commenting on the developments, Boult said, "It has been an amazing experience, and I am proud to have been part of everything that Raspberry Pi has achieved since I joined in 2019. It has been a great privilege to work with such a talented group of people in the Company and the Board. I look forward to supporting Raspberry Pi over the next year and to enabling a smooth transition to a new CFO."
Recently, the company reported its lower profit before tax compared with the previous year but maintained its full-year guidance.
For the first half of the year, profit before taxation declined to $6.2 million from $10.8 million in the prior year. Earnings per share were $2.73 versus $4.34 last year. Revenue declined to $135.5 million from $144 million in the prior year.
On the LSE, the stock is down 1.22 percent on Friday's trading at 358.40 pence.
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