Francis to step down as Chief Executive

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P2i, the world leader in liquid repellent nano-coating technology, announced today the intention of its’ CEO, Carl D Francis, to step down at the end of 2016.

P2i specialises in super thin hydrophobic coatings, predominantly for the consumer electronics industry. A spin-out from the UK Ministry of Defence, the Company boasts a number of global, high profile smart phone brands as its’ customers.  Francis, 56, joined P2i in 2008; since that time, the Company has developed and defined the concept of protecting consumer electronics.

Francis said “I am really proud of what we have built at P2i.  Cutting edge technology, supportive investors, and a great and passionate team underpins our success.  We have changed the face of the smartphone industry, having earlier this year exceeded 100 million smartphones protected by our technology.  However, after eight years at the helm, I believe the business would be best served by some new blood at the top, and I’ll be rooting for a new CEO to take P2i to the next level”.

P2i Chairman Nigel Young said “Carl has been the driving force in moving P2i from a pre-revenue tech start up to the dominant global force in functional nano-coatings today. He will continue to lead P2i until he steps down at the end of the year, but this early notice allows for a thorough recruitment process to be concluded.  We anticipate a professional and well managed transition in the second half of 2016”.

Francis will continue to serve the Company in an advisory role following the transition to a new Chief Executive.