Rakon announces interim CFO and new executive position

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 appoints interim CFO and new executive position
26 August 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 interim Chief Financial Officer
(CFO), with effect from 26 August 2024. Rakon’s recruitment process for a permanent CFO is
ongoing.
Chief Executive Sinan Altug, said, “Mark brings a depth of experience gained across CFO and
executive leadership roles in New Zealand and the United Kingdom during his 25 year career. He has
a proven track record for leading high-performing finance teams and partnering with executive
teams to deliver on growth strategies and enhance profitability. We’re pleased to welcome on board
someone of his calibre.”
Previously, Mark has served as a director at professional services firms, advising New Zealand and
global businesses. Prior to this he 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.
Creation of Chief Transformation and Operations Officer NZ position
Rakon also advises that a new executive position of Chief Transformation and Operations Officer NZ
has been created, and it is pleased to announce the appointment of Nick Pudney to this role,
effective from 7 October 2024.
“This new position is critical to Rakon's strategic vision, as it not only involves guiding the global
execution of our transformation initiative but also ensuring that our organisation is optimised and
scaled for sustainable growth across all business units,” says Mr. Altug. “Nick will oversee the
worldwide implementation of this evolution, while also assuming operational responsibility for our
New Zealand activities. We are pleased to have secured him to lead this strategic role within our
business.”
With over 25 years of experience and a strong background in leading large-scale technology and
change programmes across various sectors, Nick has a proven track record of successfully delivering
initiatives that drive both strategic and opportunistic growth.
Previously, Nick was Head of Integration at Mercury NZ where he successfully led the acquisition and
integration of Trustpower’s retail businesses. During his time at Mercury, he also held senior
leadership roles in the establishment and delivery of the group’s strategic direction and associated
integrated plan. Prior to this Nick was Managing Director at Natwest Markets PLC (formerly The
Royal Bank of Scotland PLC) in the UK.
ENDS
Investor and media relations
Nick Laurent
investors@rakon.com
+64 21 240 7541

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About Rakon
Rakon is a global high technology company and a world leader in its field. The company designs and
manufactures advanced frequency control and timing solutions. Its three core markets are
Telecommunications, Positioning and Space and Defence. Rakon’s products are found at the
forefront of communications where speed and reliability are paramount. Its products create
extremely accurate electric signals which are used to generate radio waves and synchronise time in
the most demanding communication applications.
www.rakon.com