CGS Castings Plc

TIDMCGS

RNS Number : 5043G

Castings PLC

16 November 2022

Castings PLC

Board Changes

Castings PLC announces the following board changes.

Chairman

Brian Cooke is to stand down as Chairman of the company with effect from 1 January 2023 and will not be seeking re-election as a director at the Annual General Meeting in August 2023; he will remain involved with the company in a consultative role after the AGM. Alec Jones, who is currently Senior Independent Director, having joined the board in April 2012, is to be appointed Chairman of the company with effect from 1 January 2023.

Andrew Eastgate, who joined the board on 1 September 2018, is to be appointed as Senior Independent Director with effect from 1 January 2023. He will continue as Chairman of the Nomination and Remuneration Committees.

Appointment of non-executive director

Mark Smith has been appointed as a non-executive director with effect from 16 November 2022. He is also appointed Chairman of the Audit and Risk Committee and a member of the Nomination and Remuneration Committees.

Mark was a partner at PricewaterhouseCoopers LLP for 24 years until his retirement from the firm in September 2021. He was the Midlands Regional Chairman and a senior partner in the UK Audit and Risk business and has extensive experience of auditing public limited companies. Mark is currently the Chair of the Audit, Risk and Assurance Committee of the West Midlands Combined Authority and the Chair of the Risk, Audit and Finance Committee of the Royal Shakespeare Company.

No further information is required to be disclosed under paragraph 9.6.13 of the Listing Rules in respect of the above board changes.

S J Mant

Director and Company Secretary

Castings PLC, Lichfield Road, Brownhills, West Midlands, WS8 6JZ

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