Rakon announces permanent CFO

Rakon Limited
T +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand




Market Release
Rakon announces permanent CFO

29 November 2024 – Rakon Limited (NZX:RAK), a world leading manufacturer of frequency control
and timing solutions, is pleased to announce the appointment of Mark Dunwoodie as its Chief
Financial Officer (CFO), with effect from 2 December 2024.

Mark has performed the role of Interim CFO at Rakon since 26 August 2024 and is now confirmed as
the permanent CFO following a comprehensive recruitment process.

Chief Executive Sinan Altug, says, “Mark has made a significant contribution in just a few months, and
has proven to be an excellent fit for our organisation.

“We are delighted to confirm his appointment permanently. His leadership is already elevating our
finance team and will be pivotal in driving Rakon’s growth strategy and organisational transformation."

Mark has a depth of experience gained across CFO and executive leadership roles in New Zealand
and the United Kingdom during his 25 year career. Before joining Rakon, he served as a director at
professional services firms advising New Zealand and global businesses.

Prior to this Mark led Staples Rodway Asset Management Limited until it was sold in 2015, was Head
of Finance at ABN AMRO New Zealand, and in the UK he served as Vice President at Credit Suisse
First Boston and Director at Deutsche Bank where he led finance transformation projects.

ENDS

About Rakon
Rakon’s products help people to connect, explore and innovate. They are the ‘heartbeat’ for electronic
systems, delivering fast, precise and stable connectivity in everything from mobile networks and
autonomous vehicles to satellite constellations and AI data centres.

Whether connecting to a 5G tower or to a rover exploring Mars, our technology is relied on to deliver
the highest performance in even the most extreme conditions. Thanks to our constant drive to
innovate, we continue to empower our customers to create the next-generation of life-transforming
technologies. For more information, visit rakon.com.

Contact:
Investor and media
Nick Laurent
Investor and Corporate Communications Manager
investors@rakon.com
+64 21 240 7541
www.rakon.com