Boult from the light blue: Raspberry Pi eyes fresh growth despite CFO decision
He is doing so after receiving both the International and Quoted Company of the Year accolades for London-quoted Raspberry Pi at the recent 35th Anniversary Business Weekly Awards.
Boult will not be leaving until the second half of 2026, after seven years including two years post listing; he wants to explore new challenges and enable the company to put in place a team for its next period of growth.
A formal search process has been initiated and Boult is committed to assist in this process to ensure an orderly succession.
Chair Martin Hellawell said: "Richard joined Raspberry Pi as CFO in 2019 and has been a key part of the team that has delivered tremendous growth in the company. Since joining, he has played a central role in establishing relationships with a number of key strategic and financial shareholders, together with wider banking relationships, which were pivotal to the company's admission to the Main Market of the London Stock Exchange in June 2024.
"The Board would like to thank Richard for his outstanding contribution and constructive approach which allows us to search, recruit and induct the best replacement to support the growth plans of the company in a measured way whilst retaining all his experience and knowledge. In the meantime, it's business as usual whilst the search is underway."
CEO Eben Upton added: "Since he joined us in 2019, Richard has been instrumental in building out a mature finance function at Raspberry Pi and has made an invaluable contribution to the growth and development of the company during a period of significant change in our industry.
"His deep insights and experience were key to our successful IPO in June 2024. It has been a privilege to work with him as we have told the Raspberry Pi story to a broader investment audience in the run-up to the IPO, and in the year and a half since. I look forward to working with Richard through the transition process, as we position Raspberry Pi for the next phase of its growth journey."
Boult said: "It has been an amazing experience, and I am proud to have been part of everything that Raspberry Pi has achieved since I joined in 2019. It has been a great privilege to work with such a talented group of people in the company and the Board. I look forward to supporting Raspberry Pi over the next year and to enabling a smooth transition to a new CFO."
The share price had been heading closer to its year high in recent days before the announcement but by lunchtime today had fallen back slightly.
