REG - Carclo plc - Directorate Change

CarcloAnnouncement

21/08/2023 13:15

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RNS Number : 9591J  Carclo plc  21 August 2023

21 August 2023

 

Carclo plc

("the Company" or "Carclo")

 

Change of CFO

 

Carclo plc (the "Company" or "Carclo") announces that David Bedford has
decided to resign and has stepped down as Chief Financial Officer, Company
Secretary, and as a Director of the Company, effective from 21 August 2023.

 

We are pleased to announce that Eric Hutchinson, formerly a Non-Executive
Director, will succeed David and has been appointed as Chief Financial Officer
and Company Secretary of the Group with immediate effect, thus becoming an
Executive Director.

 

Eric was appointed as a Non-Executive Director of the Company on 7 January
2021. He carries with him a rich history of industry experience, having
dedicated thirteen years as Chief Financial Officer of Spirent Communication
plc. During his time at Spirent plc, both as Chief Financial Officer and Chief
Executive Officer, he significantly contributed to the transformation of the
business and greatly fortified its balance sheet.

 

Rachel Amey, Non-Executive Director, has been appointed Chair of the Audit
& Risk Committee, interim Chair of the Remuneration Committee and interim
Senior Independent Director, with immediate effect. Rachel joined the board as
a Non-Executive Director on 1 March 2023 and boasts an in-depth financial
background. She currently serves as the Director of Finance & Operations
at the Royal Grammar School in Newcastle upon Tyne.  A search is now underway
for a permanent Senior Independent Director and Chair of the Remuneration
Committee.

 

Given David's decision, he will not be seeking re-election as a director at
the forthcoming AGM. Consequently, Resolution 3 will be withdrawn.

 

Frank Doorenbosch commented: "On behalf of the Board, I would like to convey
our deepest appreciation to David for his steadfast commitment to the Company,
particularly during its more challenging periods. His contributions have been
invaluable, and we wish him every success in his future pursuits.
Concurrently, we are excited to welcome Eric in the Chief Financial Officer
role. His substantial financial acumen, together with a significant track
record of operational successes, renders him the perfect fit to spearhead our
renewed strategy."

 

 

About Carclo plc

Carclo plc stands as a global industry leader, delivering comprehensive
solutions - from mould designs and automation to precision moulding, assembly
and beyond - for the life sciences, technical parts, aerospace and optics
sectors.

 

 

LEI: 21380078MEM399JPI956

 

Enquiries:

Carclo plc                             01924
268040

Frank Doorenbosch - Chief Executive Officer

Eric Hutchinson - Chief Financial Officer

 

 

 

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