Hardide PLC Resignation of Non-Executive Chairman (8452K)
10 May 2022 - 5:41PM
UK Regulatory
TIDMHDD
RNS Number : 8452K
Hardide PLC
10 May 2022
10 May 2022
Hardide plc
("Hardide", "the Group" or "the Company")
Resignation of Non-Executive Chairman
Hardide plc (AIM: HDD), the developer and provider of advanced
surface coating technology, announces that Robert Goddard has
informed the Group of his intention to resign from his position as
Chairman of the Board.
To ensure a smooth transition, Robert will remain as Chairman
while the search process for a successor is underway. The
announcement of a successor will be made in due course.
Robert Goddard, Chairman of Hardide plc, said:
"Taking account of my increasing commitment to other companies,
I now have the confidence to step aside as Chair, albeit with
sadness. I leave the Group with a strong and highly capable
management team led by Philip Kirkham, and technical team led by
Yuri Zhuk, together with a competent, loyal and eager staff.
Hardide is an extremely well-managed business and I have high
confidence in the prospects of the Group."
Philip Kirkham, CEO of Hardide plc, said :
"Robert has had a long and successful history with Hardide over
the 14 years since he became Chairman. He has steered the Company
through two recessions and a pandemic; culminating in good revenue
growth and a stable financial position. The Group has been
transformed throughout his stewardship due to his invaluable
strategic leadership, expertise and diligence. Particularly, I
would like to thank Robert for his support and guidance given to me
over the years and he leaves with the profound thanks and best
wishes from the Hardide Board and staff."
Enquiries:
Hardide plc
Robert Goddard, Non-Executive Chairman Tel: +44 (0) 1869 353
Philip Kirkham, CEO 830
Jackie Robinson, Communications Manager
IFC Advisory Tel: +44 (0) 20 3934
Graham Herring 6630
Tim Metcalfe
Florence Chandler
finnCap - Nominated Adviser and Joint Broker Tel: +44 (0) 2072 200
Henrik Persson/ Abigail Kelly (Corporate 500
finance)
Richard Chambers (ECM)
Allenby Capital - Joint Broker Tel: +44 (0) 20 3328
Tony Quirke - Sales and Corporate Broking 5656
Jeremy Porter - Corporate Finance
Notes to editors:
www.hardide.com
Hardide develops, manufactures and applies advanced technology
tungsten carbide/tungsten metal matrix 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 the energy sectors, valve
and pump manufacturing, industrial engineering and aerospace
industries.
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END
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