REG - Harland & Wolff - Directorate Change

Harland & Wolff groupAnnouncement

18/03/2022 07:16

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RNS Number : 2110F  Harland & Wolff Group Holdings PLC  18 March 2022

18 March 2022

 

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Appointment of Chairman

 

Harland & Wolff Group Holdings plc (AIM: HARL), the UK-quoted company
focused on strategic infrastructure projects and physical asset lifecycle
management, is pleased to announce the appointment of Malcolm Groat as
Chairman of the Board of Directors. Mr. Groat had earlier assumed the role of
Interim Chairman on 27(th)  September 2021.

 

Further, as announced in December, the Company intends to appoint another
non-executive director, whose skills and experience are commensurate with the
requirements of the Company. The Company is currently undertaking a formal
process with external recruitment advisors/consultants and a further
announcement will be made in due course. The Board, as is currently
constituted, has four members comprising two executive directors and two
non-executive directors which includes the Chairman.

 

John Wood, Group CEO of Harland & Wolff, comments: "I am delighted that
Malcolm has been appointed as Chairman. He has been a non-executive director
of the Company since March 2019 and has been deeply involved in all activities
undertaken by the Company since that time. Malcolm brings with him a wealth of
experience and understands our business model in great depth. I look forward
to working closely with Malcolm going forward."

 

For further information, please visit www.harland-wolff.com
(http://www.harland-wolff.com/)  or contact:

 

 Harland & Wolff Group Holdings plc                                        +44 (0)20 3900 2122

 John Wood, Chief Executive Officer                                        investor@harland-wolff.com (mailto:investor@harland-wolff.com)

 Seena Shah, Head of Marketing & Communications                            media@harland-wolff.com (mailto:media@harland-wolff.com)

 Cenkos Securities plc (Nominated Adviser & Broker)                        +44 (0)20 7397 8900

 Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance)

 Michael Johnson (Sales)

 

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the
maritime and offshore industry through five markets: commercial, cruise and
ferry, defence, energy and renewables and six services: technical services,
fabrication and construction, decommissioning, repair and maintenance,
in-service support and conversion.

 

Its Belfast yard is one of Europe's largest heavy engineering facilities,
with deep water access, two of Europe's largest drydocks, ample quayside and
vast fabrication halls. As a result of the acquisition of Harland & Wolff
(Appledore) in August 2020, the company has been able to capitalise on
opportunities at both ends of the ship-repair and shipbuilding markets where
there will be significant demand.

 

In February 2021, the company acquired the assets of two Scottish-based yards
along the east and west coasts. Now known as Harland & Wolff (Methil) and
Harland & Wolff (Arnish), these facilities will focus on fabrication work
within the renewables, energy and defence sectors.

 

In addition to Harland & Wolff, it owns the Islandmagee gas storage
project, which is capable of providing 25% of the UK's natural gas storage
capacity and which would benefit the Northern Irish economy as a whole when
completed.

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