General Industries PLC Board Changes (2775C)
27 June 2016 - 4:15PM
UK Regulatory
TIDMGNI
RNS Number : 2775C
General Industries PLC
27 June 2016
For Immediate Release
27 June 2016
General Industries PLC
("General Industries" or the "Company")
Board Changes
General Industries is pleased to announce that Susan Kane has
been appointed to the Board of the Company with immediate effect,
and as from 1(st) July 2016 she will replace Derek Joseph as
Finance Director of General Industries. Derek will remain as a
Non-Executive Director of the Company. Since the acquisition of
Altair Consultancy and Advisory Services Limited, of which Ms. Kane
is a director, she has served as the senior manager of General
Industries responsible for finance and treasury. She is also
Chairman of the Company's treasury management subsidiary, Murja
Limited.
Jeff Zitron, Chairman of General Industries plc, commented "I am
delighted to welcome Susan to the Board of General Industries and
to confirm that she will be replacing Derek as Group Finance
Director. Susan has been involved in all of the Group's
acquisitions and will be a great asset to the Board. This
appointment will help the board maintain the strength and depth
necessary to implement the Company's growth strategy".
Ms. Kane is highly experienced in business planning and
financial forecasting, conducting finance health checks and
reviews, risk management, exit strategy formulation, project
rescue, treasury management and capital financing, and project
appraisal. She has significant finance and corporate experience in
the consulting, local authority, housing association and voluntary
sectors, advising and supporting a broad range of clients on
developing and delivering their strategic ambitions and financial
business plans. She has assisted organisations during mergers,
helping them to strengthen and grow their organisations. Within the
General Industries group, Ms. Kane has substantial experience in
leading both specialist and diverse project teams, and in growing
the business.
Prior to working in consultancy, Ms. Kane was Treasury and
Corporate Services Manager for a London-based housing association
where she gained substantial experience of corporate strategy,
treasury management, investment and capital financing, strategic
business and financial planning. She also has experience of
operating at director level in both finance and development.
Susan Margaret Kane, aged 54, has held the following
directorships and/or partnerships in the previous 5 years:
Current Past
Altair Consultancy None
and Advisory Services
Limited
Aquila Services Group
Limited
Murja Limited
Ms. Kane presently holds 3,279,441 ordinary shares in the
Company, representing 10.06% of the Company's issued share capital.
In addition, Ms. Kane also holds an option over 615,050 ordinary
shares.
There is no further information to be disclosed pursuant to
sections LR 9.6.11, LR 9.6.12 or LR 9.6.13 of the Listing Rules,
FCA Handbook
For further information please visit
www.general-industries.co.uk or contact:
General Industries plc
Derek Joseph, Group Finance Director
Tel: 020 7934 0175
Beaumont Cornish Limited, Financial Adviser
Roland Cornish
Tel: 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
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