REG - Somero Enterprises - Board Change

Somero EnterprisesAnnouncement

29/08/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230829:nRSc5587Ka&default-theme=true

RNS Number : 5587K  Somero Enterprises Inc.  29 August 2023

29 August 2023

Somero Enterprises, Inc.

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

 

Board Change

 

Somero® announces that John Yuncza is stepping down from his role as
President and from the Board of Directors, effective 28 August 2023.

 

Following his departure, John's roles and responsibilities will be assumed by
Jack Cooney, current CEO and former CEO & President, on an interim basis
until a successor has been found.  Jack has played a leading role in building
Somero since he joined in 1997.

 

The search for John's successor is underway and an update will be provided in
due course.

 

As reported in the 24 July 2023 trading update, the Board is confident that
the results for the full year will be in line with market expectations. The
Company will announce its interim results on the 31 August 2023.

 

Jack Cooney, CEO of Somero, commented:

 

"On behalf of the Board and everyone at the business I would like to express a
sincere thanks to John for his significant contribution to Somero and wish him
all the best in his future endeavors.

 

"Having previously served the dual role of CEO and President for 25 years, I'm
intimately familiar with it and look forward to re-assuming the additional
responsibility until the search for John's successor is complete. The business
is in a strong position, with a wealth of exciting opportunities ahead and I
look forward continuing to drive growth."

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the company's obligations under Article 17 of
MAR.

 

 

 Enquiries:

 Somero Enterprises, Inc.                                       www.somero.com (http://www.somero.com)
 Jack Cooney, CEO                                               +1 239 210 6500
 Vincenzo LiCausi, CFO
 Howard Hohmann, EVP Sales

 finnCap Ltd (NOMAD and Broker)                                 +44 (0)20 7220 0500
 Matt Goode/Seamus Fricker/Fergus Sullivan (Corporate Finance)
 Tim Redfern/Harriet Ward (ECM)

 Alma PR (Financial PR Advisor)                                 somero@almapr.co.uk
 David Ison                                                     +44 (0)20 3405 0205
 Rebecca Sanders-Hewett

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAPPMJTMTTTTTJ