REG - Somero Enterprises - Directorate Changes

Somero EnterprisesAnnouncement

20/12/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241220:nRST8341Qa&default-theme=true

RNS Number : 8341Q  Somero Enterprises Inc.  20 December 2024

20 December 2024

 

Somero Enterprises, Inc.

("Somero" or the "Company")

Directorate Changes

 

Following a 27-year tenure, Somero® announces that Jack Cooney will retire as
Chief Executive Officer and President of Somero Enterprises, Inc. on March 31,
2025. He will remain a consultant to the business for a further year to ensure
an orderly handover, and the Board will begin the search for a new CEO
immediately.

Jesse Aho, who has worked for Somero for over 16 years and has been the Chief
Operating Officer of Global Operations and New Produce Development since May
2024, has been promoted to President effective immediately.

Larry Horsch, Chairman of the Board, will also step down as Chairman following
the arrival of the new CEO. The new Chairman will be chosen from the present
Board of Directors and Larry will remain on the Board on an interim basis.

With these changes, the Board of Directors believes that the execution of the
succession plan, announced on 3 June 2024, will be complete on the appointment
of the new CEO.

As reported in the 30 July 2024 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 full year results in March 2025.

The Directors of Somero said: "On behalf of the Board, I would like to thank
both Jack and Larry for their unwavering commitment to Somero over so many
years. Their hard work and dedication have been integral in helping Somero to
become the company it is today."

 

Enquiries:

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

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

 Alma Strategic Communications (Financial PR Advisor)  somero@almastrategic.com
 David Ison                                            +44 (0)20 3405 0205
 Rebecca Sanders-Hewett
 Will Merison

 

Notes to Editors:

Somero Enterprises provides industry-leading concrete-levelling equipment,
training, education and support to customers in over 90 countries. The
Company's cutting-edge technology allows its customers to install high-quality
horizontal concrete floors faster, flatter and with fewer people. Somero®
equipment that incorporates laser-technology and wide-placement methods is
used to place and screed the concrete slab in all building types and has been
specified for use in a wide range of commercial construction projects for
numerous global blue-chip companies.

Somero pioneered the Laser Screed® market in 1986 and has maintained its
market-leading position by continuing to focus on bringing new products to
market and developing patent-protected proprietary designs. In addition to its
products, Somero offers customers unparalleled global service, technical
support, training and education, reflecting the Company's emphasis on helping
its customers achieve their business and profitability goals, a key
differentiator to its peers.

For more information, visit www.somero.com (http://www.somero.com)

 

 

 

 

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  BOAZZMMZNLGGDZM