REG - Tekmar Group PLC - Directorate Changes

TekmarAnnouncement

12/08/2024 07:00

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RNS Number : 9872Z  Tekmar Group PLC  12 August 2024

Tekmar Group plc

("Tekmar Group", "Tekmar" or the "Group")

 

Directorate Changes

 

Tekmar Group plc (AIM: TGP), a leading provider of technology and services for
the global offshore energy markets, announces the appointment of two
Non-Executive Directors, Lars Bondo Krogsgaard and David Kemp, effective 12
August 2024. In light of these appointments, Ian Ritchey steps down from the
Tekmar Board with immediate effect and Julian Brown will step down on 30
September 2024.

 

Lars brings considerable wind industry experience and an extensive track
record leading global organisations for over 20 years, including publicly
listed companies. He has a wealth of experience across wind turbine
manufacturing and supply chain activities, renewable energy project
development and engineering and technology companies. Previously, Lars was the
Onshore CEO at Siemens Gamesa Renewable Energy, a listed Spanish wind turbine
manufacturer with c.€10.2 billion in revenues. Prior to his role with
Siemens, Lars was the Co-CEO at MHI Vestas Offshore Wind, and member of the
Management Board and CEO of Nordex, a listed German wind turbine manufacturer.

 

David is an accomplished and experienced FTSE 250 CFO with a strong track
record leading diverse global teams. He has broad experience in strategy
development and implementation, M&A, business performance, transformation
and turnaround. Most recently, David was Group CFO at John Wood Group Plc
("Wood Group"), a global engineering and consulting company with over 35,000
professionals in over 60 countries with revenue of c.US$6 billion where he
served for over a decade. At Wood Group, David had a leadership role in
transforming the group from an oil and gas dominated unintegrated group to a
global multi-sector engineering and consultancy business. He was involved in
extensive capital raisings, with over US$4 billion raised across public and
private markets and M&A, where he executed over US$3 billion of
acquisitions. Prior to his role at Wood Group, David was Group CFO of Jersey
Oil and Gas plc, an AIM-quoted exploration company from 2011 to 2013.

 

Steve Lockard, Chairman of Tekmar Group said: "I am delighted to welcome Lars
and David to the Tekmar Board. Both are proven and highly accomplished
business leaders who bring considerable industry and financial markets
experience alongside valuable skill-sets and insight in scaling global
businesses. It is a marker of the ambition we have for Tekmar, and of the
opportunity we have ahead, to have individuals of this pedigree joining the
Board. I look forward to working with Lars and David, and my fellow directors
and colleagues at Tekmar, as we execute the critical phase ahead of us to
drive value creation.

 

I'd like to thank Julian and Ian for their contribution to the business and we
wish them every success in their future endeavours."

Julian Brown added: "On behalf of Ian and myself, we would like to thank our
colleagues at Tekmar for the steadfast commitment they have given to the
business, particularly in navigating the external challenges of recent years."

 

Additional Information on the Board Appointments

The following additional information is provided with regards to the
appointment of Lars Bondo Krogsgaard, aged 58, in accordance with AIM Rule 17
and Schedule 2(g) of the AIM Rules for Companies:

 

 Current Directorships/partnerships:               Directorships/partnerships within the last five years:
 Fonden Lindoe Offshore Renewables Center          Siemens Gamesa Renewable Power Private Limited, India
 Ra Holdings Société a responsabilité limitée      MHI Vestas Offshore Wind A/S
 Stiesdal A/S
 Stiesdal Hydrogen A/S*
 Stiesdal Skyclean A/S*
 Stiesdal Offshore A/S*
 Lars Bondo Krogsgaard Holding ApS
 Solutio ApS**

*Subsidiary of Stiesdal A/S

** Subsidiary of Lars Bondo Krogsgaard Holding ApS

 

Other disclosures:

The following companies were liquidated during the director's tenure:

 ·    A/S Brandts Ventures
 ·    BC AF 21. DECEMBER 2001 A/S
 ·    INCORP A/S
 ·    E-NOVASION A/S

 

The following companies were liquidated within 12 months of the director's
resignation:

 ·    MARIENHOF BUSINESS INFORMATION A/S
 ·    E-MEDIA DEVELOPMENT A/S
 ·    MOC2 APS
 ·    ADMINISTRATIONSSELSKABET AF 1999 APS
 ·    EBIZ APS
 ·    LIKVIDATOR SELSKABET AF 4. JANUARY 2002 A/S

 

All of the above liquidations took place in 2001 and 2002 and relate to the
director's role at A/S Brandts Ventures, a Copenhagen based internet venture
capital company.

 

There are no further disclosures required to be made in respect of the
appointment of Mr Lars Bondo Krogsgaard under AIM Rule 17 and Schedule 2(g) of
the AIM Rules for Companies.

 

The following details in relation to the appointment of Mr David Miller Kemp,
aged 54, are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the
AIM Rules for Companies:

 Current Directorships/partnerships:  Directorships/partnerships within the last five years:

 Craneware plc                        UK

                                      Albyn School Limited

                                      John Wood Group PLC

                                      Wood Group Limited*

                                      JWG USA Holdings Limited*

                                      Wood Group Management Services Limited*

                                      Wood Group Properties Limited*

                                      John Wood Group US Company*

                                      USA

                                      JWG USA Holdings Inc*

                                      Wood Group E&PF Holdings Inc*

                                      Wood Group US Holdings Inc*

 

*Subsidiary of John Wood Group PLC

 

There are no further disclosures required to be made in respect of the
appointment of Mr David Miller Kemp under AIM Rule 17 and Schedule 2(g) of the
AIM Rules for Companies.

 

Enquiries:

 

 Tekmar Group plc

 Alasdair MacDonald, CEO                                       c/o +44 (0)20 4582 3500

 Leanne Wilkinson, CFO

 Singer Capital Markets (Nominated Adviser and Joint Broker)   +44 (0)20 7496 3000

 Rick Thompson / Sam Butcher

 Berenberg (Joint Broker)                                      +44 (0)20 3207 7800

 Ben Wright / Ciaran Walsh

 Gracechurch Group (Financial Media & Investor Relations)      +44 (0)20 4582 3500

 Murdo Montgomery / Heather Armstrong

About Tekmar Group plc

 

Tekmar Group plc (LON:TGP) collaborates with its partners to deliver robust
and sustainable engineering led solutions that enable the world's energy
transition.

Through our Offshore Energy and Marine Civils Divisions we provide a range of
engineering services and technologies to support and protect offshore wind
farms and other offshore energy assets and marine infrastructure. With near 40
years of experience, we optimise and de-risk projects, solve customer's
engineering challenges, improve safety and lower project costs. Our
capabilities include geotechnical design and analysis, simulation and
engineering analysis, bespoke equipment design and build, subsea protection
technology and subsea stability technology.

 

We have a clear strategy focused on strengthening Tekmar's value proposition
as an engineering solutions-led business which offers integrated and
differentiated technology, services and products to our global customer base.

 

Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global
reach with offices, manufacturing facilities, strategic supply partnerships
and representation in 18 locations across Europe, Africa, the Middle East,
Asia Pacific and North America.

 

For more information visit: www.tekmargroup.co.uk
(http://www.tekmargroup.co.uk/) .

Subscribe to further news from Tekmar Group at Group News
(http://eepurl.com/cN91l5) .

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