REG - Hardide PLC - Resignation of Non-Executive Chairman

HardideAnnouncement

10/05/2022 07:00

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RNS Number : 8452K  Hardide PLC  10 May 2022

10 May 2022

 

Hardide plc

("Hardide", "the Group" or "the Company")

 

Resignation of Non-Executive Chairman

 

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating
technology, announces that Robert Goddard has informed the Group of his
intention to resign from his position as Chairman of the Board.

 

To ensure a smooth transition, Robert will remain as Chairman while the search
process for a successor is underway. The announcement of a successor will be
made in due course.

 

Robert Goddard, Chairman of Hardide plc, said:

"Taking account of my increasing commitment to other companies, I now have the
confidence to step aside as Chair, albeit with sadness. I leave the Group with
a strong and highly capable management team led by Philip Kirkham, and
technical team led by Yuri Zhuk, together with a competent, loyal and eager
staff. Hardide is an extremely well-managed business and I have high
confidence in the prospects of the Group."

 

Philip Kirkham, CEO of Hardide plc, said:

"Robert has had a long and successful history with Hardide over the 14 years
since he became Chairman. He has steered the Company through two recessions
and a pandemic; culminating in good revenue growth and a stable financial
position. The Group has been transformed throughout his stewardship due to his
invaluable strategic leadership, expertise and diligence. Particularly, I
would like to thank Robert for his support and guidance given to me over the
years and he leaves with the profound thanks and best wishes from the Hardide
Board and staff."


 Enquiries:
 Hardide plc

 Robert Goddard, Non-Executive Chairman              Tel: +44 (0) 1869 353 830

 Philip Kirkham, CEO

 Jackie Robinson, Communications Manager
 IFC Advisory                                        Tel: +44 (0) 20 3934 6630

 Graham Herring

 Tim Metcalfe

 Florence Chandler
 finnCap - Nominated Adviser and Joint Broker        Tel: +44 (0) 2072 200 500

 Henrik Persson/ Abigail Kelly (Corporate finance)

 Richard Chambers (ECM)

 Allenby Capital - Joint Broker                      Tel: +44 (0) 20 3328 5656

 Tony Quirke - Sales and Corporate Broking

 Jeremy Porter - Corporate Finance

 

Notes to editors:

www.hardide.com (http://www.hardide.com/)

 

Hardide develops, manufactures and applies advanced technology tungsten
carbide/tungsten metal matrix coatings to a wide range of engineering
components. Its patented technology is unique in combining in one material, a
mix of toughness and resistance to abrasion, erosion and corrosion; together
with the ability to coat accurately interior surfaces and complex geometries.
The material is proven to offer dramatic improvements in component life,
particularly when applied to components that operate in very aggressive
environments. This results in cost savings through reduced downtime and
increased operational efficiency. Customers include leading companies
operating in the energy sectors, valve and pump manufacturing, industrial
engineering and aerospace industries.

 

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