REG - Ashtead Tech Hldgs - Appointment of Non-Executive Director

Ashtead Technology HoldingsAnnouncement

20/01/2025 07:00

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RNS Number : 9255T  Ashtead Technology Holdings plc  20 January 2025

20 January 2025

Ashtead Technology Holdings plc

("Ashtead Technology" or the "Group")

 

Appointment of Non-Executive Director

Ashtead Technology Holdings plc (AIM: AT.), a leading subsea equipment rental
and solutions provider for the global offshore energy sector, is pleased to
announce the appointment of Kristin Færøvik as Non-Executive Director
effective immediately.

Kristin brings more than 30 years' experience in the global energy sector
including executive roles with BP, Marathon Oil, Worley and Lundin Energy.
Starting her Non-Executive Director career in 2011, Kristin currently serves
on a number of Boards including Kongsberg Group and Shearwater Geoservices.

 

In addition to joining the Board, Ms Færøvik will also join the Audit,
Remuneration and Nomination Committees.

Commenting on her appointment, Kristin Færøvik said:

"I am delighted to have the opportunity to join the board of Ashtead
Technology, a company that has enjoyed incredible success over recent years.
With an excellent customer base, clear ambitions and robust strategy, I am
convinced that the future trajectory of the company will be just as
impressive."

Bill Shannon, Chairman, added:

"The appointment of Kristin to our board is another positive step forward in
our journey at Ashtead Technology. Kristin's extensive experience in the
international energy sector combined with her proven non-executive track
record will make her an excellent addition to our board. Ashtead Technology's
growth journey continues to be extremely exciting and the addition of leaders
like Kristin adds to our confidence for the future."

 

For further information, please contact:

 

 Ashtead Technology                                   (Via Vigo Consulting)

 Allan Pirie, Chief Executive Officer

 Ingrid Stewart, Chief Financial Officer

 Colin Ross, Chief Strategy & Marketing Officer

 Vigo Consulting (financial PR)                       Tel: +44 (0)20 7390 0230

 Patrick d'Ancona                                      ashteadtechnology@vigoconsulting.com

 Finlay Thomson

 Verity Snow

 Deutsche Numis (Nomad and Broker)                    Tel: +44 (0)20 7260 1000

 Julian Cater

 George Price

 Kevin Cruickshank (QE)

In accordance with Schedule 2 (g) of the AIM Rules for Companies, Kristin
Færøvik (aged 62 years) holds/has held the following
directorships/partnerships in the last five years:

 Current directorships/partnerships  Previous directorships/partnerships (last five years)
 Bluenord ASA                        Lundin Energy Norway AS

 Bunker Holding A/S                  Leikanger Kraft AS

 Edge Navigation AS                  Moreld AS

 Fiona IV AS                         Sval Energi AS

 Hafslund AS

 Kongsberg Gruppen ASA

 Shearwater Geoservices Holding AS

 

Kristin Færøvik currently holds no ordinary shares in the Company.

There are no further disclosures to made be under Schedule 2(g) of the AIM
Rules for Companies.

 

Notes to editors:

Ashtead Technology is a leading subsea equipment rental and solutions provider
to the global offshore energy sector. Ashtead Technology's specialist
equipment, advanced-technologies and support services enable its customers to
understand the subsea environment and manage offshore energy production
infrastructure.

Ashtead Technology's offering is applicable across the lifecycle of offshore
wind farms and offshore oil and gas infrastructure with over 85% of its
equipment fungible across both markets.

Headquartered in the UK, Ashtead Technology operates globally, servicing
customers from its facilities located in key offshore energy hubs.

To learn more, please visit www.ashtead-technology.com
(http://www.ashtead-technology.com/)

This announcement contains inside information as defined in Article 7 of the
retained EU law version of the Market Abuse Regulation No 596/2014 ("UK MAR")
and has been announced in accordance with the Company's obligations under
Article 17 of UK MAR.

The person responsible for arranging the release of this announcement on
behalf of Ashtead Technology is Ingrid Stewart, CFO / Director.

 

 

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