Oxford Instruments plc has announced the forthcoming retirement, with the agreement of the Board, of Chief Executive Ian Barkshire, who will leave after seven years as Chief Executive and more than 25 years with the company. Richard Tyson, currently Chief Executive Officer at global electronics company TT Electronics plc, has been appointed as Ian's successor. The company is working with Richard and TT Electronics to agree the date he will commence in the role, and will make a further announcement in due course.

It is intended that Ian will continue as Chief Executive until Richard joins, and will then ensure a smooth transition of leadership. Richard Tyson, Chief Executive Officer of TT Electronics plc since 2014, and Non-Executive Director at Videndum plc since 2018, has a strong track record of successful business leadership in the technology sector spanning more than 30 years. During his time at TT Electronics plc, he has transformed, reshaped and refocused the business, delivering product innovation, building the group organically and through acquisition, and delivering growth in revenue, profits and margin.

Prior to taking on the role of CEO at TT Electronics plc, Richard held senior roles at defence group Cobham, where he led the aerospace and security division, and at Goodrich Aerospace.