A FLEDGLING technology company in Livingston is expected to unveil a significant coup tomorrow by revealing that former Wolfson Microelectronics chief executive David Milne has agreed to join its board.
Milne will become non-executive chairman of semiconductor company Elonics in what will be his first new board position since stepping down from Edinburgh-based Wolfson. The company made its name as a key supplier of microchips to the iPod.
As co-f
ounder he took Wolfson from a university spinout to the FTSE 250 and since leaving last year there has been much speculation about which roles he would take up.
Apart from joining the board of Elonics he also invested in the company's first round of funding earlier this year when it raised £2.5m from a variety of sources including the entrepreneurs Brian Souter and Sir Tom Farmer and the angel syndicate Braveheart. The company is also likely to reveal tomorrow that it is hoping to raise another £3m to £4m from similar sources in the new year.
Milne's appointment comes just ahead of the launch of Elonics' first product, a device called DigitalTune which aims to improve the performance and power usage of mobile devices. The product has been in development for three years.
Elonics chief executive David Srodzinski said it was "tremendous" for Elonics to have secured Milne's services.
"David comes with a wealth of hands-on experience, understanding both the high volume semiconductor business and how to build a company to address it," he said.
The full article contains 255 words and appears in Scotland On Sunday newspaper.
