Appointment of CEO
03 Giugno 2008 - 3:02PM
UK Regulatory
RNS Number : 8553V
Hardide PLC
03 June 2008
Press Release 3 June 2008
Hardide plc
("Hardide" or "the Company")
Appointment of Chief Executive Officer
Hardide plc (AIM:HDD), the provider of unique metal surface engineering technology, is pleased to announce the appointment of Dr. Graham
Hine to the Board of Hardide plc as Chief Executive Officer with immediate effect.
Dr. Richard Graham Hine (known as Graham), aged 53, has a proven twelve year track record in Chief Executive and Chairman roles where
he has significantly grown shareholder value in technology-based companies in the advanced electronic materials, semiconductors and sensors
industries.
Dr. Hine joins from P2i Limited where he was Chairman and Chief Executive of the Ministry of Defence technology spin-out from Porton
Down. At P2i he oversaw the creation of the world's leading hydrophobic surface enhancement company.
Between 2001 and 2005, Dr. Hine advised in a personal capacity a number of public and private companies on corporate activities and
fundraisings, including the sale of Dicon Inc. to First Alert Corporation.
Dr. Hine was also Chief Executive of Capteur Sensors Limited from 1996 to 2001, which was successfully sold to First Technology Plc (now
a subsidiary of Honeywell), a FTSE 250 company, achieving excellent capital gain for all shareholders.
Dr. Hine achieved a first class degree in Physics from Southampton University and a PhD in Physics from Cambridge University. After
graduation, he spent nine years on the international fast track scheme within the semiconductor division at Philips plc. He subsequently
held a number of director-level business development and general management roles in the advanced engineering and electronics industries
before joining Capteur Sensors in 1996.
Dr. Hine has been within the last five years a director or a partner of the following companies or partnerships:
P2i Limited
Element Six Holdings Ltd, Isle of Man
Element Six Abrasives SA, Luxembourg
Element Six Plus, Isle of Man
Element Six SA, Luxembourg
Element Six Technologies Holdings Ltd, UK
Element Six Technologies Ltd, Isle of Man
In line with information requiring disclosure under paragraph 2 (g) (v) of Schedule 2 of the AIM Rules, Dr. Hine was Chairman of Metal-X
which was voluntarily liquidated in 2001. There are no further matters which are required to be announced with regard to this appointment
under paragraph (g) of Schedule 2 of the AIM rules.
Dr. Hine holds no shares in the Company however as part of his contract of employment he will be granted 6,000,000 options in the
Company which will vest over three years beginning in October 2009.
Commenting on the appointment, Robert Goddard, Chairman of Hardide plc, said: "The Board is extremely pleased to welcome Graham Hine as
Chief Executive Officer. Graham brings a powerful combination of technical, commercial, financial, SME and blue chip experience. He is an
entrepreneurial leader with the technology background, experience and attitude that can take Hardide on to the next level. He has a proven
track record in unlocking the potential of innovative technologies and in building strong management teams to deliver extraordinary
shareholder value. We welcome him to the Company and look forward to working with him to build on the solid foundations that have been
established in Hardide."
- Ends -
For further information:
Hardide plc
Robert Goddard, Chairman Tel: +44 (0) 1869 353 830
Jackie Robinson, Head of
Communications
jrobinson@hardide.com www.hardide.com
Seymour Pierce Limited
Nicola Marrin, Corporate Finance Tel: +44 (0) 20 7107 8000
nicolamarrin@seymourpierce.com www.seymourpierce.com
Media enquiries:
Abchurch
Henry Harrison-Topham / George Parker Tel: +44 (0) 20 7398 7719
george.parker@abchurch-group.com www.abchurch-group.com
Notes to editors:
Hardide Coatings
Hardide provides and applies tungsten carbide-based coatings to a wide range of engineering components. The Company's patented
technology is unique in that it combines both abrasion and corrosion resistant properties in one coating. When applied to components, the
technology is proven to offer dramatic cost savings through reduced downtime and extended component life. Customers include leading
companies operating in oil and gas exploration and production, valve and pumps manufacturing, general engineering and aerospace.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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