REG - Carclo plc - Directorate Change

CarcloAnnouncement

07/06/2022 07:00

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RNS Number : 9076N  Carclo plc  07 June 2022

7 June 2022

 

Carclo plc

("the Company")

 

Directorate Change

 

Appointment of Interim Consultant

 

The Board of Carclo plc announces that with immediate effect, Frank
Doorenbosch, a Non-Executive Director, has been appointed as a consultant to
the Group for a period of up to 12 months, and accordingly will become an
Executive Director for that period.  Frank will focus on assisting the Carclo
Technical Plastics division to improve its operational effectiveness in the
face of rapidly increasing demand coupled with current supply chain
challenges.

 

During this consultancy period Frank will temporarily step down from all Board
Committees (Audit, Remuneration and Nomination) and Joe Oatley, the Senior
Independent Non-Executive Director, will act as Chair of the Remuneration
Committee in place of Frank.  All Board Committees will continue to operate
in accordance with the UK Corporate Governance Code and to meet the
requirements for a majority of independent directors on each Committee.

 

Frank will waive his right to receive his Non-Executive Directorship fees in
the period.

 

It is intended that Frank will revert back to being a Non-Executive of the
Company and resume his position on the Board Committees and as Chair of the
Remuneration Committee as soon as the consultancy period has ended.

 

Nick Sanders, Executive Chair of Carclo plc, said:

 

"I am delighted that Frank has agreed to provide this additional support to
the business; he brings extensive experience in the plastics industry together
with a strong track record of operational delivery.  During his tenure as a
Non-Executive Director, he has developed a detailed knowledge of the Group,
which has made him a strong individual to help drive forward our plans."

 

 

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of
the London Stock Exchange. The Group is a global provider of value-adding
engineered solutions for the medical, optical and aerospace industries.

 

LEI: 21380078MEM399JPI956

 

Enquiries:

Carclo plc                             01924
268040

Nick Sanders - Executive Chair

 

FTI Consulting                    020 3727 1340

Nick Hasell / Susanne Yule

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