REG - Flowtech Fluidpower - Board Changes
RNS Number : 5613MFlowtech Fluidpower PLC12 May 2020
Tuesday 12 May 2020
FLOWTECH FLUIDPOWER PLC
("Company")
Board Changes
Flowtech Fluidpower plc (AIM: FLO), the leading specialist supplier of technical fluid power components and services, announces that Non-Executive Director and Executive Chairman designate, Bill Wilson, will step down as a director of the Company with effect from the conclusion of the AGM on the 10 June 2020.
As a result, we are pleased to announce that Roger McDowell will become Non-Executive Chairman from the 1 August 2020. Roger will initially join the Board as an Independent Director following the AGM before then replacing Malcolm Diamond MBE as Non-Executive Chairman.
From the 1 August 2020, the Board will be comprised of Roger McDowell (Non-Executive Chairman), Bryce Brooks (Chief Executive Officer), Russell Cash (Chief Financial Officer), and Malcolm Diamond and Nigel Richens (Non-Executive Directors). It remains our intention to identify a new Non-Executive Director to join the Board and discussions with a number of potential candidates have commenced. Following this appointment Malcolm will retire from the Board.
Malcolm Diamond MBE, Non-Executive Chairman said: "On behalf of the Board, I would like to thank Bill for his contribution and wish him all the best for the future."
Enquiries to:
Flowtech Fluidpower plc
Malcolm Diamond MBE, Non-Executive Chairman
Bryce Brooks, Chief Executive OfficerRussell Cash, Chief Financial Officer
Tel: +44 (0) 1695 52796
Email info@flowtechfluidpower.com
For more information please visit www.flowtechfluidpower.com.
Zeus Capital Limited (Nominated Adviser and Broker)
Andrew Jones, Kieran Russell (corporate finance)
Dominic King, John Goold (sales & broking)
Tel: +44 (0) 161 831 1512
finnCap Limited (Joint Broker)
Ed Frisby, Kate Bannatyne (Corporate Finance)
Rhys Williams, Andrew Burdis (Sales & Broking)
Tel: + 44 (0) 20 7220 0500
TooleyStreet Communications (IR and media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDBOAKKDBNKBKBPPD
Recent news on Flowtech Fluidpower
See all newsREG - Flowtech Fluidpower - Annual Financial Report
AnnouncementREG - Flowtech Fluidpower - Holding(s) in Company
AnnouncementREG - Flowtech Fluidpower - Director/PDMR Shareholding
AnnouncementREG - Flowtech Fluidpower - 2023 Annual Unaudited Results
AnnouncementREG - Flowtech Fluidpower - Notice of Results
Announcement