Hardide PLC Board Changes (2015I)
20 Marzo 2018 - 8:01AM
UK Regulatory
TIDMHDD
RNS Number : 2015I
Hardide PLC
20 March 2018
Hardide plc
("Hardide" or "the Group" or "the Company")
Board Changes
Hardide plc (AIM: HDD), the provider of advanced surface coating
technology, announces the appointment of Tim Rice and Charles
Irving-Swift as non-executive directors of the Company, and that
Jan Ward, a non-executive director of the Company, has stepped down
from the Board.
Tim Rice brings more than 30 years of experience in the defence
and aerospace sectors, having held senior executive positions with
companies such as Vector Aerospace, Safran Group, Spirent Systems
and Messier-Dowty. He is an experienced advisor to companies in the
aerospace and defence sectors, involved in strategy, business
development, partnering, and organisational change. He is currently
an independent non-executive director of Pennant plc. Tim has a BSc
in Mechanical Engineering, is a chartered engineer and holds an MBA
from Warwick University.
Charles Irving-Swift has a strong and extensive international
track record of leading, developing and transforming multinational
businesses in the engineering and construction materials sectors.
He brings significant executive and non-executive experience gained
over a 35 year career with industrial companies in the UK, Germany,
France and the USA. He was previously CEO of divisions within
Armstrong Flooring Products, TT electronics plc and Dana
Corporation. He is experienced in strategic planning, managing
transformation projects and international re-organisation for
performance improvement. Charles served as a non-executive director
of Brammer plc until it was acquired by Advent International in
2017 and of Victrex plc until 2006. Charles holds a BA Hons from
Oxford University, has an MBA from INSEAD and is fluent in both
French and German.
Further information with respect to Tim Rice and Charles
Irving-Swift, as required pursuant to Schedule 2(g) of the AIM
Rules, is set out below.
Robert Goddard, Chairman, commented:
"I am delighted that Tim and Charles are to join the Board. They
bring track records of accomplishment and leadership in relevant
industries and have valuable networks in our target markets. Their
past senior executive roles are complemented by their experience of
corporate governance as non-executive directors of listed
companies. Their combined skills and experience will be of
significant value as Hardide continues to grow and diversify into
new markets and industrial sectors.
"We will be sad to say goodbye to Jan Ward. Jan has been a
valued member of the board for the past three years and brought to
us a great deal of experience, knowledge and contacts. She has been
a key member of the remuneration and nomination committee and has
helped shape policy in this area. We wish her well in the many
other roles she has and leaves with our very best wishes for the
future."
The following information regarding the appointment of Timothy
Julian Rice, aged 59, is disclosed under Schedule 2(g) of the AIM
Rules for Companies:
Current directorships Former directorships and/or
and/or partnerships: partnerships (within the
last five years):
C House Consulting Ltd Marshall Aerospace and
Defence Group Ltd
Pennant International
Group plc
Mr Rice has no shareholding in the Company.
The following information regarding the appointment of Charles
Edward Irving-Swift, aged 63, is disclosed under Schedule 2(g) of
the AIM Rules for Companies:
Current directorships Former directorships and/or
and/or partnerships: partnerships (within the
last five years):
N/A Brammer plc
O&S Doors Ltd
DLW Flooring GmbH
Armstrong DLW GmbH
Hey Midco Limited
Hey Bidco Limited
Armstrong World Industries
Limited
Mr Irving-Swift was a director of Armstrong DLW GmbH, a wholly
owned subsidiary of Armstrong World Industries, Inc., the former of
which filed for insolvency in December 2014. Following the
appointment of an administrator the company was successfully sold
to Fields Group B.V. in June 2015, securing more than 700 jobs and
relationships with key customers and suppliers.
Mr Irving-Swift has no shareholding in the Company.
There are no further disclosures required under Schedule 2(g) of
the AIM Rules for Companies.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
Enquiries:
Hardide plc Tel: +44 (0)
Robert Goddard, Non-Executive 1869 353830
Chairman
Philip Kirkham, CEO
Jackie Robinson, Communications
Manager
IFC Advisory Tel: +44 (0)
Graham Herring / Heather Armstrong 20 3934 6630
/ Florence Chandler
finnCap Tel: +44 (0)
Henrik Persson / James Thompson 20 7220 0500
/ Matthew Radley
Notes to editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology
tungsten-carbide coatings to a wide range of engineering
components. Its patented technology is unique in combining, in one
material, a mix of toughness and resistance to abrasion, erosion
and corrosion; together with the ability to coat accurately
interior surfaces and complex geometries. The material is proven to
offer dramatic improvements in component life, particularly when
applied to components that operate in very aggressive environments.
This results in cost savings through reduced downtime and increased
operational efficiency. Customers include leading companies
operating in oil and gas exploration and production, valve and pump
manufacturing, precision engineering and aerospace industries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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