RC Fornax Plc (RCFX.L) Friday announced some significant changes to its Board of Directors. The defence technology company said that Mark Fahy will step down from his role as Non-Executive Chair with immediate effect and David Hitchcock, who has served as an Independent Non-Executive Director, will assume the role of Independent Non-Executive Chair.
According to RC Fornax, Andrew McInerney has been appointed to the Board as an Independent Non-Executive Director. He is a former Royal Marines officer and entrepreneur with extensive experience supporting growth companies. In addition, Chris Brooks, Managing Director and Head of Engineering, has been appointed to the Board as an Executive Director, the company added.
Commenting on the developments, Paul Reeves, Chief Executive Officer of RC Fornax, said, "hese Board changes reflect the progress RC Fornax has made over recent months and the operational momentum now building across the business. Mark has played an important role in supporting the Company through its IPO and early life as a public company, and I would like to thank him for his commitment and guidance."
The Company confirmed that it will publish its financial results for the year ended August 31, 2025 in February. The results are projected to be in line with market expectations, RC Formax added.
On the LSE, RCFX.L is currently trading down 4.00 percent on Friday's trading at 13.68 pence.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.