REG - Mincon Group Plc - Management Change

MinconAnnouncement

27/01/2020 07:00

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RNS Number : 8838A  Mincon Group Plc  27 January 2020

 

Mincon Group plc

("Mincon" or the "Group")

Management Change

Mincon (Euronext: MIO  AIM: MCON) the Irish engineering group specialising in
the design, manufacture, sale and servicing of rock drilling tools and
associated products, announces that Peter Lynch, Chief Operating Officer of
the Group, has decided to step down from the role in order to pursue other
interests and to move closer to his family in Dublin. Peter has agreed to be
retained by the Group as a consultant and will continue to provide specialist
services to the Group when required.

Peter initially joined the Group as Chairman in 2013, helping to guide Mincon
through its IPO, before taking up a full time, executive role as Chief
Operating Officer in 2015. Since taking on this role, he has overseen
transformational change in Mincon, both at the corporate and operational
levels. This stable foundation, at all levels of the business, has formed the
basis for the next exciting stage in Mincon's development.

The role of Chief Operating Officer will not be retained. The regional
leaders, Jussi Rautiainen (Europe-Middle East), Martin Van Gemert (Africa),
Tom Purcell (Americas) and Steve Atkinson (Asia-Pacific) will continue to
report to Group CEO Joe Purcell, who is supported by Mark McNamara as CFO.

Peter Lynch commented, "It has been a pleasure working at Mincon and I wish my
colleagues well as I depart to focus on other interests. I have been delighted
to play a key role in the IPO and subsequent expansion and development of the
Group in recent years and it's been a privilege to work with the many talented
people that make up the Mincon team and who have contributed to making it a
world-class business. I look forward to continuing to advise the Group in a
consultancy capacity as needed and, as a substantial investor in the Group, am
confident the business will achieve even greater successes in the future."

Joe Purcell, Chief Executive of Mincon commented, "I would like to take this
opportunity to thank Peter for his enduring contribution to Mincon, and on a
personal note, for his guidance and help to me since my appointment as CEO in
2015. I am very pleased that Peter will be maintaining his involvement in and
association with the Group as an advisor in a consulting capacity for the
coming years. On behalf of everyone here at Mincon, I wish him well in his
future endeavours outside of Mincon."

 

Ends

 

 For further information, please contact:

 Mincon Group plc
 Joe Purcell, Chief Executive Officer      Tel: + 353 (61) 361 099

 Mark McNamara, Chief Financial Officer

 Davy Corporate Finance (Nominated Adviser and Euronext Growth Advisor)
 Anthony Farrell                           Tel: +353 (1) 679 6363
 Daragh O'Reilly

 

 

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