HDD Hardide Plc

TIDMHDD

RNS Number : 3287M

Hardide PLC

15 August 2011

 
 Press Release   15 August 2011 
 

Hardide plc

("Hardide" or "the Group")

Resignation of Director and Chief Executive Officer

Hardide plc (AIM:HDD), the provider of unique metal surface engineering technology, announces that it has been agreed that Dr (Richard) Graham Hine will leave his position as Director and Chief Executive Officer on Wednesday 17 August 2011.

Robert Goddard will become Executive Chairman and Bruce Robinson, Hardide's recently appointed Non-Executive Director, will take up the role of interim CEO. In both cases, this will be until a replacement for Dr Hine has been appointed. Mr Robinson has extensive experience of growing technology-based businesses, a background in sales, marketing, and general management, and the oil and gas sector, currently the Group's main market.

Robert Goddard, Chairman of Hardide plc said: "Over the past three years, Graham has effectively rationalised the Group's cost base and steered Hardide through some testing times. The Board wishes Graham well in his future endeavours."

Ends

For further information:

 
 Hardide plc 
 Robert Goddard, Chairman                      Tel: +44 (0) 1869 353830 
  Jackie Robinson, Corporate Communications             www.hardide.com 
  jrobinson@hardide.com 
 Seymour Pierce Limited 
 Guy Peters                                   Tel: +44 (0) 20 7107 8000 
  guypeters@seymourpierce.com                     www.seymourpierce.com 
 

Hardide Coatings

Hardide provides and applies tungsten carbide-based coatings to a wide range of engineering components. The Group'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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