Resignation of Chief Financial Officer

22 MARCH 2024


RESIGNATION OF CHIEF FINANCIAL OFFICER

Today Scot Technology (NZX: SCT) announces that CFO, Cameron Mathewson, has resigned to
take up another CFO role.
Mr McLauchlan noted “Earlier this week I announced that Scot Group CEO John Kippenberger had
decided to step down at the end of May 2024 from his role leading the global company. With the
departure of our CFO in the near future, John has offered to delay his departure as CEO and
director. We will work through with John over the next few days the details of an appropriate
transi�on that is in the best interests of the Scot Group. The board is grateful to John for his
immediate offer to put his own plans on hold.”
“I want to stress that the two resigna�ons are completely unrelated and in no way signal that
there are any maters that are of concern to the board with the Scot Group’s performance. It is
simply an unfortunate coincidence that the two senior resigna�ons came in the same week”.
The Scot Group does not normally provide guidance however the half year results to the end of
February are due to be announced on 16 April 2024. Under the circumstances the board
determined it is appropriate to give an indica�on of the opera�onal and financial performance
that the business has achieved during the six months.
“The business has been performing well during the period and we are expec�ng to announce
double digit growth at both the revenue and EBITDA level. Borrowing, deprecia�on and lease costs
will be higher than for the same period last year due to the posi�ve momentum of the Scot
Group’s underlying growth and performance. The company con�nues to experience posi�ve
growth drivers across all core sectors. Further informa�on will be provided when we announce the
half year results” commented Mr McLauchlan.

ENDS

For more information, visit www.scottautomation.com or contact:


Investor Contact Media Contact
John Kippenberger
Chief Executive Officer, Scott Technology
Amber McEwen
GRC Partners + Porter Novelli

E: j.kippenberger@scottautomation.com E: amber.mcewen@grcpn.nz
M: +64 21 964 045 M: +64 21 194 0429
























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