HDD Hardide Plc

 

TIDMHDD 
 
RNS Number : 3856X 
Hardide PLC 
06 December 2010 
 
 
 
+-------------------------------+---------------------------------+ 
| Press Release                 |                06 December 2010 | 
+-------------------------------+---------------------------------+ 
 
                                  Hardide plc 
 
                           ("Hardide" or "the Group") 
 
  Retirement of Non-Executive Director & Appointment of Non-Executive Director 
 
Hardide plc (AIM: HDD), the provider of unique surface engineering technology, 
announces that Hugh Smith will retire from his position as a Non-Executive 
Director of Hardide plc with effect from the AGM on 7 February 2011. At the same 
time, Mr Smith will also resign as Chairman of the combined remuneration and 
nomination committee and member of the audit committee of the Group. 
 
Hugh (64) is retiring to enjoy time with his family and on leisure pursuits.  He 
remains a committed and enthusiastic supporter of Hardide and intends to retain 
his shareholding for the foreseeable future. 
 
Bruce Robinson (50) will replace Hugh as a Non-Executive Director and serve on 
both the audit committee and the combined remuneration and nomination committee 
with effect from the AGM.  Bruce brings extensive experience of growing 
technology-based businesses and of the international oil and gas industry.  He 
spent his early career as an engineer with oil services firms GeoVANN Inc. and 
Halliburton before becoming a founder shareholder and General Manager of Phoenix 
Petroleum Services, an engineering product and service company that was sold to 
Schlumberger for $33 million.  He spent five years as a Director and Consultant 
to Scottish Enterprise where he led oil and gas technology development and 
internationalisation programmes. Since then, he has started, run and assisted a 
wide range of innovative companies developing and exploiting technologies in 
various industry sectors. 
 
Bruce holds a Bachelor of Technology (Hons) in Industrial Technology and 
Management from Bradford University, a post-graduate diploma in Offshore 
Engineering and an MBA from Aberdeen University. 
 
Robert Goddard, Non-Executive Chairman of Hardide plc said:  "We are all 
enormously grateful to Hugh for his unstinting and constructive work on behalf 
of the company, particularly on the two main board sub-committees.  We shall 
miss Hugh's wise counsel but wish him and his family well and hope to see him at 
future AGMs. 
 
"Bruce's knowledge of the oil and gas sector, together with his experience in 
growing small, technology-based businesses will strengthen and add value to our 
board as we develop new and diversified applications for the Hardide coating 
technology." 
 
Mr Robinson is, or has been in the previous five years, a Director of the 
following companies: 
 
MindWeavers Plc 
BrainBoost Ltd. 
Oxford Informal Investor Syndicate Ltd. 
Parktech Developments Ltd. 
 
The Company confirms that there is no other information which is required to be 
disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies. 
 
                                    - Ends - 
 
For further information: 
+------------------------------------+------------------------+ 
| Hardide plc                        |                        | 
+------------------------------------+------------------------+ 
| Graham Hine, Chief Executive       |  Tel: +44 (0) 1869 353 | 
|                                    |                    830 | 
+------------------------------------+------------------------+ 
| Jackie Robinson, Corporate         |  jrobinson@hardide.com | 
| Communications                     |        www.hardide.com | 
+------------------------------------+------------------------+ 
 
+------------------------------------+------------------------+ 
| Seymour Pierce Limited             |                        | 
+------------------------------------+------------------------+ 
| Guy Peters                         |   Tel: +44 (0) 20 7107 | 
|                                    |                   8000 | 
+------------------------------------+------------------------+ 
|                                    |  www.seymourpierce.com | 
+------------------------------------+------------------------+ 
 
Notes to editors: 
Hardide manufactures and applies tungsten carbide-based coatings to a wide range 
of engineering components.  The Group's patented technology provides a unique 
combination of ultra-hardness, toughness, low friction and chemical resistance 
in one coating.  When applied to components, the technology is proven to offer 
dramatic cost savings through reduced downtime and extended part 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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