JACKSONVILLE, Fla.,
Aug. 27, 2014 /PRNewswire/
-- APR Energy, a global leader in fast-track power solutions,
today announces a number of changes to its Board leadership and
management team.
Michael Fairey, Non-Executive
Chairman of APR Energy plc (LSE: APR), has announced that he is
stepping down as Chairman, with immediate effect. Following
consultation with a number of the company's major shareholders, the
Board of APR Energy has unanimously selected John Campion, who will transition from Chief
Executive Officer, with immediate effect, to take the position of
Executive Chairman. Laurence
Anderson, who most recently served as President of APR
Energy, will assume the role of Chief Executive Officer.
Baroness Denise Kingsmill, Senior
Independent Non-executive Director, said: "Mr. Fairey has provided
tremendous leadership during his three years as Chairman, helping
the Company grow and mature as a publicly listed company. His
experience, judgment and guidance have been an invaluable asset to
the Board and the Group. We wish Mr. Fairey well with his future
endeavours and sincerely thank him for the outstanding contribution
he has made."
John Campion, Executive Chairman
added: "Mr. Fairey was the perfect senior statesman for the Company
and was instrumental in its growth and success to date. I consider
Mike a friend and trusted colleague and I would like to thank him
for his guidance and support over the years. Mike was always
available for consultation when needed and I am grateful for the
wisdom he provided."
Baroness Kingsmill next said: "The Board is pleased to have
selected John Campion as our new
Chairman. Mr. Campion has done an exceptional job as Chief
Executive Officer of APR Energy, providing vision and leadership in
guiding the Group to triple-digit growth during its three years as
a PLC. His deep strategic and operational understanding of the
business, as well as his experience as a Director on the Board,
will serve him well as our Chairman.
"We are pleased to announce Laurence
Anderson as the Group's new Chief Executive Officer, and his
selection has unanimous support from the Board. Mr. Anderson is
well-equipped for the role, having co-founded the business and
having served as both President and Chief Operating Officer for the
Company. He has been intimately involved in every aspect of the
business and its day-to-day operations since its founding and has
been an integral part of its success and growth."
Mr. Campion and Mr. Anderson co-founded the business in 2004,
since which time Mr. Campion served as Chief Executive Officer. Mr.
Anderson served as President and Chief Operating Officer from 2004
through May of this year, when his position changed to President.
As Executive Chairman, Mr. Campion will lead the Board in providing
guidance and oversight to the business, as well as governance of
the Board. Also, Mr. Campion will provide long-term vision and
strategy to the Group's management team as well as spend time with
the Company's customers.
Additionally, the Board announces today that Lee Munro has been named Chief Financial
Officer. Mr. Munro has been with the Company since its early
stages, serving as Senior Vice President, and has been a key part
of its development. Mr. Munro has considerable experience with the
installation and operation of APR Energy's power plants and has
demonstrated a core competence managing these investments for the
group. He has a very strong corporate finance and audit background
from his 11 years at GE Capital, where he held a number of senior
financial and leadership positions most recently serving as CEO of
GE European Operations Services.
Laurence Anderson, Chief
Executive Officer, said: "Lee brings with him a strong financial
background and a deep understanding of the business. He knows what
is required to drive our continued success, will bring stability to
the position and will help drive further process and systems
improvements within finance and across departments. He made a great
impact in the short period of time while serving as Interim CFO,
securing our new $770m facility and
streamlining the operations of the finance function. Lee's
selection was unanimous among the Board members and we are
extremely pleased for him to take this role."
John Campion, Executive Chairman
of APR Energy added: "The Board believes that the management
changes announced today, together with the naming of Brian Rich as Chief Operating Officer in May,
have positioned the Group with a highly experienced management team
with the leadership ability to drive our strong, profitable, growth
path and to take us to the next level as a global, maturing
business."
There are no further details required to be disclosed by Rule
9.6.13 of the UK Listing Rules.
In light of Mr. Fairey's departure from the Board, the Group
will be restructuring their Committees to reflect his
departure.
About APR
APR Energy is the world's leading fast-track mobile turbine
power business. We provide large-scale, fast-track power, providing
customers with rapid access to reliable electricity when and where
they need it. APR combines state-of-the-art, fuel-efficient
technology with industry-leading expertise to provide turnkey power
plants that are rapidly deployed, customisable and scalable.
Serving both utility and industrial segments, APR Energy provides
power generation solutions to customers and communities around the
world, with an emphasis on Africa,
the Americas, Asia-Pacific and the
Middle East. For more information,
visit the Company's website at www.aprenergy.com.
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SOURCE APR Energy