PressureTechnologies - Appointment of Chief Financial Officer
17/01/2023 07:00
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RNS Number : 9054M Pressure Technologies PLC 17 January 2023
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Appointment of Chief Financial Officer
Pressure Technologies plc, (AIM: PRES), the specialist engineering group, is
pleased to announce the appointment of Steve Hammell as Chief Financial
Officer (CFO) of the Company. He will join the Company and Board in the second
quarter of this calendar year.
Steve is currently CFO of Sheffield Forgemasters International Ltd, a world
leader in the manufacture of ultra-heavy forgings and castings that serves a
wide range of industry sectors, including UK and international defence
markets.
A Chartered Accountant with 29 years' experience, Steve has held several
financial leadership roles, including CFO of AIM-quoted cyber security
specialist, ECSC Group plc, and Group Finance Director of international
technology consultancy, eBECS Ltd.
Steve spent his early career with PwC, Yorkshire Bank and Grant Thornton,
where he worked on a wide range of M&A transactions. A member of the
Chartered Institute for Securities & Investment, Steve holds a first class
honours degree in Economics & Management from the University of Leeds.
Further to the Company's announcement on 15 November 2022, James Locking will
be stepping down as Chief Financial Officer at the end of February 2023.
Recent management changes within the Company's finance function and the
addition of interim finance support will help ensure the completion of ongoing
projects, including the FY22 Audit, and a smooth transition.
Nick Salmon, Chair of Pressure Technologies commented:
"We are delighted that Steve will be joining the Company and Board, where his
considerable knowledge and experience will contribute significantly to the
development of the business.
The Board would like to thank James for his contribution and service to the
business over the past four years and wishes him every success for the
future."
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules for Companies, Stephen John
Hammell (aged 49) is, or has been within the previous five years, a director
or partner of the following companies or partnerships:
Current directorships/partnerships Past directorships/partnerships
Sheffield Forgemasters International Ltd Sheffield Forgemasters Share Trustees Ltd
Sheffield Forgemasters Steel Ltd Sheffield Forgemasters Inc
Sheffield Forgemasters Engineering Ltd ECSC Group plc
Vulcan SFM Ltd ECSC Services Ltd
Sheffield Forgemasters RD26 Ltd ECSC Labs Ltd
Steel Propeller Ltd ECSC Australia Ltd
ECSC Australia Pty Ltd
There is no further information to be disclosed pursuant to Schedule 2(g) of
the AIM Rules for Companies.
Further announcements will be made in due course.
For further information, please contact:
Pressure Technologies plc Tel: 0330 015 0710
Chris Walters, Chief Executive PressureTechnologies@houston.co.uk (about%3Ablank)
Singer Capital Markets (Nomad and Broker) Tel: 0207 496 3000
Rick Thompson / Asha Chotai
Houston (Financial PR and Investor Relations) Tel: 0204 529 0549
Kay Larsen / Ben Robinson
COMPANY DESCRIPTION
www.pressuretechnologies.com (https://www.pressuretechnologies.com/)
With its head office in Sheffield, the Pressure Technologies Group was founded
on its leading market position as a designer and manufacturer of
high-integrity, safety-critical components and systems serving global supply
chains in oil and gas, defence, industrial and hydrogen energy markets.
The Group has two divisions, Chesterfield Special Cylinders and Precision
Machined Components.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
(https://www.chesterfieldcylinders.com/)
● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH.
Precision Machined Components (PMC) - www.pt-pmc.com
(https://pt-pmc.com/)
● Precision Machined Components includes the Al-Met, Roota Engineering and
Martract sites.
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