REG - Trifast PLC - Board Appointment

TrifastAnnouncement

10/08/2023 07:00

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RNS Number : 8653I  Trifast PLC  09 August 2023

 

 

 

 

 

Thursday,10 August 2023

 

 

 

Trifast plc

(Trifast, TR, the Company)

 

Board Appointment

 

 

As set out in the 2023 Annual report published on the 11 July 2023 recruitment
processes have been underway since March 2023, for both a permanent CEO and a
Non-Executive Director/Chair elect.

 

Non-Executive Chair appointment

The Board is pleased to report that the process for the Non-Executive
Director/Chair elect has been completed and that with effect from 10 August
2023, Serena Lang will be appointed to the Board as a Non-Executive
Director/Chair elect.

 

Serena is an experienced FTSE Chair and Board member. Her Executive career
spanning more than 20 years across multi-sector industries both in the UK and
internationally has allowed Serena to develop her skills and understanding of
commercial business, at varying stages of growth covering strategy,
transformation and M&A.

 

Before joining industry Serena completed an MBA; she joined Capgemini
(formerly Ernst & Young) where, between 2000-2003 she led strategic and
transformation projects for major corporations, including BP.  From 2003-2007
Serena worked for BP plc and was recognised as one of its top 100 employees.
 She then spent five years with Invensys plc (2008-2013) where she held
senior management roles including managing the BP account and then as Regional
Chief Executive, North West Europe & Africa (2009-2011).  Over this
period of her career Serena developed, collaborated and implemented a number
of successful transformational growth strategies including global
effectiveness & efficiencies initiatives that delivered growth whilst
improving the customer proposition, product portfolio and supply chain
overall.

 

Since 2015 Serena has developed significant Board experience both within the
private and plc arena. She joined Eleco plc and was part of the team that
oversaw management succession and its transition to a SaaS business. Over a
nine-year tenure she held the roles of Non-Executive Director, SID and Chair
of the PLC Board, until May 2023 when she stepped down from her role. Serena's
current Non-Executive Directorships include; Henry Boot PLC and Ainscough
Crane Hire Limited.

 

Jonathan Shearman, the current Chair will step down from the Board on 14
September 2023 with Serena taking over as Chair from this date. Consequently,
as he is not now seeking re-election at the 2023 Annual General Meeting,
Resolution 5 contained in the Notice of Meeting, published on 18 July 2023 has
been withdrawn.

 

Clive Watson, Senior Independent Director, Trifast plc commented:

"The Board would like to acknowledge the hard work, commitment and dedication
that Jonathan has afforded to the overall business over his 14-years with
Trifast.  He joined as NED in 2009 and became Non-Executive Chair in 2020.
On behalf of everyone around the globe whom Jonathan invested time to get to
know and mentor we thank him for his wise counsel, support and contribution
particularly over the more recent challenging times.  We wish Jonathan and
his family well for the future."

 

"On behalf of all stakeholders the Board welcome Serena to the Company.  Her
extensive leadership, experience and skills will enhance the team's
capabilities and we all look forward to working with her and taking the
Trifast business forward as it focuses on the future and delivering its growth
strategy."

 

CEO appointment

The search for a permanent CEO has been progressing well with a further
announcement on this being made in due course.

 

There are no other disclosures required to be made in respect of Serena Lang,
pursuant to Listing Rule 9.6.13R.

 Serena Lang
 Current directorships                                   Previous Directorships
 2022: Non-Executive Director, Henry Boot PLC            2015-2023: Eleco plc
 2022: Non-Executive Director, Ainscough Crane Hire Ltd

 

 

 

 Further enquiries please contact:

 Trifast plc

 Clive Watson, Senior Independent Director               Tel: +44 (0) 1825 747630

 Christopher Morgan, Company Secretary                   Email: corporate.enquiries@trifast.com

                                                       (mailto:corporate.enquiries@trifast.com)

                                                         Shareholders: Companysecretariat@trifast.com
                                                         (mailto:Companysecretariat@trifast.com)

 Peel Hunt LLP (Stockbroker & financial adviser)

 Mike Bell                                               Tel: +44 (0) 20 7418 8900

 TooleyStreet Communications (IR & media relations)

 Fiona Tooley                                            Tel: +44 (0)7785 703523

                                                         Email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)

 

 

About Trifast plc (TR)

Founded in East Sussex in 1973, TR is a leading international specialist in
the design, engineering, manufacture, and distribution of high-quality
industrial fastenings and Category 'C' components principally to major global
assembly industries.

 

The Group supplies to customers in c.70 countries across a wide range of
industries, including light vehicle, heavy vehicle, health & home, energy,
tech, & infrastructure (ET&I), general industrial and distributors.
 As a full-service provider to multinational OEMs and Tier 1 companies
spanning several sectors, we deliver comprehensive support to our customers
across every requirement, from concept design through to technical engineering
consultancy, manufacturing, supply management and global logistics.

 

As an international business we are able to provide 24/7 customer support from
across key regions in the UK, Asia, Europe and North America. In addition to
our service locations, we operate a number of manufacturing facilities focused
on high volume cold forged fasteners and special parts. We have also
established Technical & Innovation Centres to support R&D and customer
collaboration across the world.

 

For more information, visit:

 

TRIFAST PLC TRI Stock | London Stock Exchange
(https://www.londonstockexchange.com/stock/TRI/trifast-plc/company-page)

Our website: www.trifast.com (http://www.trifast.com)

LinkedIn: www.linkedin.com/company/tr-fastenings
(http://www.linkedin.com/company/tr-fastenings)

Twitter: www.twitter.com/trfastenings (http://www.twitter.com/trfastenings)

Facebook: www.facebook.com/trfastenings (http://www.facebook.com/trfastenings)

TR Annual Report 2023:
https://www.trfastenings.com/investors/reports-and-presentations
(https://www.trfastenings.com/investors/reports-and-presentations)

TR Sustainability Report 2023:
https://www.trfastenings.com/investors/reports-and-presentations
(https://www.trfastenings.com/investors/reports-and-presentations)

 

Note

Trifast, TR and TR Fastenings are registered trademarks of the Company

LEI number: 213800WFIVE6RWK3CR22

 

 

 

 

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