Rakon director retirement and appointment

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
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Rakon director retirement and appointment
26 February 2025 – Rakon Limited (NZX:RAK), a world leading manufacturer of frequency control
and timing solutions, wishes to advise of the retirement of independent director Keith Watson and
the appointment of Lisbeth Jacobs as an independent director, both effective from 17 March 2025.
On behalf of the Board, Chair Lorraine Witten thanks Mr Watson for his contributions and strategic
guidance since his appointment in September 2018, including as Chair of the People Committee and
as a member of the Audit and Risk Committee.
“Keith is a dedicated director who draws upon extensive local and international experience in the
technology and engineering sectors to make valuable contributions,” says Ms Witten. “The Board
respects and supports his decision to retire and wishes him well in his future endeavours.”
Mr Watson was scheduled under Rakon’s rotation plan to retire at the company’s 2024 ASM but
extended his term to assist with continuity for the Board.
The Board is pleased to announce the appointment of Dr Jacobs as an independent director. Dr
Jacobs is the Chief Executive of Gallagher Animal Management, and also currently an independent
director of Goodnature and BRANZ.
Ms Witten says, "We are delighted to have someone of Lisbeth’s calibre joining the Board. Her depth
of specialised experience at the board and management level across the technology, engineering
and manufacturing sectors will make an important and complementary contribution to Rakon’s
governance.
“Lisbeth has a proven track record of guiding innovative companies to grow and capture market
share on a global-scale, which will be invaluable for us as we continue to push Rakon’s technological
advantage and execute our growth and global transformation plans.”
At Gallagher, Dr Jacobs leads the Animal Management business with offices in New Zealand,
Australia, USA, Canada, Chile and Brazil, joint ventures in Europe and South Africa, and distribution
partners across Latin America and Asia. She has previously held senior leadership roles at New
Zealand and international companies including Fletcher Building, UniServices, The Icehouse, and
global company Bekaert in Belgium and China.
Dr Jacobs holds a PhD in Engineering from the University of Auckland, a MSc in Engineering from
KULeuven (Belgium) and completed the General Management Programme at INSEAD (Paris). She is
Honorary Consul of Belgium and is a Member of the New Zealand Institute of Directors.
Dr Jacobs has been appointed by the Board in accordance with Rakon's Constitution and will put
herself forward for election at the next Annual Meeting of the company.
Following Mr Watson’s retirement and Dr Jacobs’ appointment the Rakon Board comprises five
directors, of which three are independent Directors. The Board is continuing the process to appoint
further directors.
ENDS

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Investor and media relations
Nick Laurent
investors@rakon.com
+64 21 240 7541
About Rakon
Rakon’s products help people to connect, explore and innovate. They are the ‘heartbeat’ for
electronic systems, delivering fast, precise and stable timing 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 www.rakon.com.