REG - Trifast PLC - Main Board and Senior Appointments

TrifastAnnouncement

22/11/2022 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:20221122:nRSV1316Ha&default-theme=true

RNS Number : 1316H  Trifast PLC  22 November 2022

Trifast plc

(Trifast, Group or Company)

 

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

 

Main Board and Senior appointments

 

London, Tuesday, 22 November 2022: Trifast (LSE: Main Market symbol: TRI)
today announces the following Main Board and Senior Executive Team
appointments:

PLC Board

With effect from 1 December 2022, Darren Hayes-Powell joins the Board as Chief
Financial Officer (CFO). Darren an engineer and qualified accountant developed
his CFO career within a global and engineering environment in the UK, US, Asia
and Africa. He has held senior roles within plc entities located in the UK and
overseas with Rolls Royce (1983-2008) and more recently Goodyear Tire and
Rubber Company (2008-2020).  Over his 12-year expatriate career he has
developed a wealth of commercial and financial experience, implementing
successful transformational value-add change and turnaround initiatives which
drove profitability.  His enthusiasm, skills and knowledge will be invaluable
to Trifast as it continues to develop its global footprint.

 

In our last Annual Report we informed shareholders that Scott Mac Meekin will
retire at the end of the current financial year from his NED role at Trifast,
a role he has held since 2013.  On behalf of all stakeholders, the Board
thank Scott for his wise counsel and insight from his extensive experience
gained across 30+ year career in both commercial and corporate structures
across all major continents and cultures.

 

 

With effect from 1 January 2023, Louis Eperjesi will join the Board as a
Non-Executive Director. Louis has had a successful executive career within the
building industry both in the UK and internationally. He brings to the Board
significant commercial knowledge of manufacturing and supply, strategic
planning and M&A.  Before starting his NED career he was CEO at Tyman plc
(2010-2019), a leading International supplier of engineered components and
access solutions to the construction industry.  Prior to this he held similar
senior management roles with Kingspan Group plc, Baxi Group Ltd, Lafarge SA
and Caradon plc.  Louis has extensive board experience; he currently holds
NED roles at Accsys Technologies plc and Ibstock plc.  He has previously held
non-executive roles with Wolseley plc (SID) and CMS Enviro Systems Ltd
(Chair). He is currently also Chair of Trustees at The Cheltenham Trust.

 

The Board is aware that these appointments create a temporary gender
imbalance.  A process is already underway to address this and we would expect
that to be complete before the end of this financial year.

Commenting on the changes, Mark Belton, CEO said:

"I would like to take this opportunity to welcome Darren and Louis to the
business; they bring a wealth of financial and commercial experience to the
business and with our ambitious aspirations their additional skills will
complement the knowledge of our Board and global teams.  I would also like to
acknowledge and thank Scott for the extensive contribution he has made over
his 10-year tenure as a NED, and on behalf of everyone at the Company, we wish
him well for the future.  Thanks also go to our Interim CFO Andy Cooksey who
since September has provided excellent support to the Group's central finance
team and provided advice to the PLC and Operating Executive Boards."

 

Operational structure change

Trifast has continued to evaluate and review its structure to ensure that it
has the correct mix of experience and skill set to deliver the Group's
strategic ambition.

The Board is delighted to announce that Dan Jack will take up the appointment
of Chief Operating Officer (COO) with immediate effect.  Dan joined the
business in 2020 and through his 25-year international career he has secured
experience in P&L ownership, and commercial and business development
including M&A and strategic planning.

Whilst the Operational Executive Board (OEB) will continue to represent all
areas of the business globally, the Company has established an Executive
Committee.  This will be Chaired by Mark Belton (CEO) and made up of
personnel from across the Group's key functions: CFO (from 1 December, Darren
Hayes-Powell), COO (Dan Jack), Group Company Secretary (Christopher Morgan),
Global HR and Sustainability Director (Helen Toole), and Business
Transformation Director (Stevie Meiklem).  The teams' composition will allow
the business to be sufficiently agile and ensure that key opportunities and
operational decisions are handled in a more effective and appropriate
manner.

 

 

NOTE:

Today, Trifast plc has also released its 2023 Half-year
Report. http://www.rns-pdf.londonstockexchange.com/rns/1316H_1-2022-11-21.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1316H_1-2022-11-21.pdf)

 

There are no other disclosures to be made in respect of Darren Hayes-Powell
and Louis Eperjesi, pursuant to Listing Rule 9.6.13R.

To read more about our people, visit

Our Company | Find out more about TR as a Company (trfastenings.com)
(https://www.trfastenings.com/company)

TR Operational Executive Board | Find out more about our OEB
(trfastenings.com) (https://www.trfastenings.com/company/leadership/oeb)

TR Operational Management | Find out more about our Operational Management
team (trfastenings.com)
(https://www.trfastenings.com/company/leadership/operational-management)

 

 

 Further enquiries please contact:
 Trifast plc
 Jonathan Shearman, Chair
 Mark Belton, Chief Executive Officer
 Christopher Morgan, Company Secretary

 Tel: +44 (0) 1825 747630
 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

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

 

 

 Editors' notes
 About Trifast plc

 "Innovation today for a better tomorrow - Growing sustainably, together"

 Trifast (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.  We
 supply to c. 5,000 customers in c.75 countries across a wide range of
 industries, including Light vehicle, Heavy vehicle, Health & Home, Energy,
 Tech and Infrastructure (ET&I), General industrial and Distributors.  As
 a full-service provider to multinational OEMs and Tier 1 companies spanning
 several sectors, TR delivers comprehensive support to its customers from
 concept design through to technical engineering consultancy, manufacturing,
 supply management and global logistics.  The Group employs c.1,300 people
 across 34 business locations within the UK, Asia, Europe, and the USA
 including seven high-volume, high-quality, and cost-effective manufacturing
 sites and three technical & innovation centres 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)

 Note

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

 LEI number: 213800WFIVE6RUK3CR22

 

 

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  BOABFLLLLFLLFBL