REG - Mincon Group Plc - Board Changes

MinconAnnouncement

19/05/2025 07:00

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RNS Number : 0704J  Mincon Group Plc  19 May 2025

Mincon Group plc

("Mincon" or the "Company")

 

Board Changes

Mincon Group plc (Euronext:MIO; AIM:MCON), the Irish engineering group
specialising in the design, manufacture, sale and servicing of rock drilling
tools and associated consumable products, wishes to announce the retirement of
Company founder Patrick Purcell as non-executive director of the Company with
immediate effect.  We are also pleased to announce the appointment of Jussi
Rautiainen as a non-executive director of the Company, with immediate effect.

As founder, Patrick has been integral to the growth of the Company from its
humble origins in 1977 as a manufacturer of spare parts for the Irish mining
industry to the global player it is today. He leaves a legacy that is embedded
in the fabric and culture of the organisation which serves as guidance for
Group leadership, and the wider organisation, to deliver on the platform that
has been built.

Jussi Rautiainen has extensive experience with Mincon, having previously
served in non-executive director and executive management roles with the
Company since originally joining in 2017. Most recently, Jussi served on the
Mincon executive management team as Regional Manager for our EME region,
overseeing the development of this important geographic area in the Group's
operations, until his retirement in 2024. Jussi joined Mincon from Robit
Rocktools Ltd., a manufacturer of drilling consumables, where he had served as
chief executive officer from 2005 until 2016. Jussi also currently serves as a
board director with Kesla Oyj, a Finnish machine engineering company
specializing in manufacturing forestry machines and material handling
technology, which is listed on the Nasdaq Helsinki exchange. Jussi holds a
Bachelor of Economics degree and has also an Executive Master of Business
Administration degree.

Joe Purcell, CEO of Mincon, commented: "Having witnessed the Company growth
story through my own involvement from an early age, I know the focus, drive,
and commitment required from Patrick to guide Mincon to this point. As a
result, I understand and appreciate his desire to step down at this time and
have no doubt that he will maintain a keen interest in the exciting
developments to come."

Hugh McCullough, Chairman of Mincon, commented: "It has been an honour and a
privilege for me to have met Patrick and to have served with him on the Board
of the Company he founded 48 years ago. His values and standards are clearly
reflected in the progress the Group has made since its foundation. Patrick's
knowledge of and insight into our products and markets has been a guiding
influence in the development of the Group from an exclusively mining -
focussed company at incorporation into the world-class entity it is today,
spanning six continents and with eight manufacturing plants servicing the
mining, construction, waterwell, geothermal and renewables industries. I wish
Patrick a very happy retirement.

I am very pleased to welcome Jussi to the board of Mincon. We are delighted to
be able to retain Jussi's extensive knowledge of our sector and his intimate
knowledge of the structure and composition of our Group in his new role as a
non-executive and I am confident he will make a significant contribution to
the Mincon board."

 

Additional Information:

 

Jussi Pekka Rautiainen (aged 60 years) holds 152,209 ordinary shares in the
Company.

 

 Current Directorships     Past Directorships (in last five years)
 Kesla Oyj                 Mincon Nordic Oy
 Rautiainen-Invest Oy      Nor-Maali Oy
 FANtastic Memorabilia Oy
 10P Consulting Oy

 

 

The Company confirms that there is no other information that is required to be
disclosed under Schedule 2(g) of the AIM Rules for Companies.

 

End

 

 Mincon Group plc                                                                                                                                            Tel: +353 (61) 361 099

 Joe Purcell - Chief Executive
 Officer

 Mark McNamara - Chief Financial Officer

 Tom Purcell - Chief Operations Officer

 Davy Corporate Finance (Nominated Adviser, Euronext Growth Listing Sponsor and                                                                              Tel: +353 (1) 679 6363
 Joint Broker)

 Anthony Farrell

 Daragh O' Reilly

 Shore Capital (Joint Broker)                                                                                                                                Tel: +44 (0)20 7408 4090

 Malachy McEntyre

 Mark Percy

 Daniel Bush

 

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