Equipmake Holdings - Appointment of new Chief Operating Officer
16/01/2024 07:00
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RNS Number : 7607Z Equipmake Holdings PLC 16 January 2024
This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR").
Equipmake Holdings plc
("Equipmake" or the "Company")
Board Changes & Appointment of new Chief Operating Officer
Equipmake, the UK-based engineering specialist pioneering the development and
production of electrification products across the automotive, aerospace, bus,
and coach industries, is pleased to announce the appointment of Dr Nicholas
Moelders as Chief Operating Officer and Executive Director with immediate
effect. Dr Moelders will be working across the Company's international
operations, with a base in the U.S., and his appointment is intended to
provide further support for Equipmake's global expansion plans, targeting key
electrification markets. He will take over from Mr James Bishop, who is
stepping down from his position as Chief Operating Officer and Director of the
Board with immediate effect. The Board would like to thank Mr Bishop for his
contributions and wish him the best for the next stage of his career.
Dr Moelders has extensive experience across the electrification sector and has
held a number of senior executive roles with prominent industry leading
organisations. For the past seven years, Dr Moelders has held key managerial
leadership roles at Sensata Technologies, a $4bn company with 21,000 employees
that develops electrification products and power conversion solutions across
industrial, aerospace and automotive markets. During his tenure at Sensata
Technologies, he worked as both Vice President of Electrification Strategy and
latterly Vice President and General Manager of Clean Energy Solutions. Prior
to his roles at Sensata Technologies, Dr Moelders also held Vice President and
senior leadership roles at blue-chip and mid-cap engineering and technology
companies including Cummins Power Generation, a global leader in the power
generation industry, and latterly with battery, charger and power solutions
supplier, Inventus Power.
Ian Foley, CEO of Equipmake, commented: "Nick is a pre-eminent figure in the
electrification industry and I am delighted to announce his appointment as
Chief Operating Officer. Nick brings with him over two decades of experience
in the sector and importantly, given his expertise and global network,
including within our key market in the U.S., he will provide access to
substantial and rapidly growing North American electrification markets.
Furthermore, his presence as an executive director on the board is intended to
provide further high-level support and strategic insights as Equipmake
continues to deliver on its ambitious growth strategy."
Disclosures required pursuant to Rule 4.9 of the Aquis Growth Market Apex
Rulebook
Dr Moelders has no current or previous directorships to declare. He does not
hold any securities issued by the Company.
Save as set out in this announcement there are no further details to be
disclosed in connection with the appointment of Dr Moelders as a director of
the Company pursuant to Rule 4.9 of the Aquis Growth Market Apex Rulebook.
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Broker) Tel: +44 (0) 20 7886 2500
James Sinclair-Ford / Freddie Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker) Tel: +44 (0) 20 3005 5000
Simon Barton / Simba Khatai / Alex Cabral
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
Susie Geliher / Paul Dulieu
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the development
and production of electrification products to meet the needs of the
automotive, aerospace and other sectors in support of the transition from
conventional fossil-fuelled to zero-emission powertrains.
Equipmake is a leader in ultra-high performance electric motors and complete
EV drivetrains and ultra-fast power electronic systems. As well as developing
proprietary technology - such as an ultra-compact, lightweight high
performance spoke motor - it also offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution providing fully
bespoke solutions. The Company has built a significant pipeline of
opportunities, as demand for electric vehicles increases as part of the global
decarbonisation movement.
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