Hardide PLC Directorate Changes (9173D)
25 October 2022 - 1:00AM
UK Regulatory
TIDMHDD
RNS Number : 9173D
Hardide PLC
24 October 2022
24 October 2022
Hardide plc
("Hardide", "the Group" or "the Company")
Directorate Changes
Hardide plc (AIM: HDD), the developer and provider of advanced
surface coating technology, is pleased to announce the appointment
of Andrew Magson as Non-Executive Chair of the Group. He succeeds
Robert Goddard who will continue as a Non-Executive Director for
the remainder of the calendar year. This will enable the completion
of the financial reporting for FY2022 and a smooth transition of
responsibilities.
Andrew will take over Robert's roles as Chair of the Audit
Committee, the Sustainability and Risk Committee and as a member of
the Intellectual Property Committee.
Andrew has more than 15 years' experience serving on the boards
of UK public companies in the engineering and industrial
manufacturing sectors. He was Executive Director, CFO and Company
Secretary of The Alumasc Group plc between 2006 and 2020. Before
that, Andrew was Group Financial Controller at BPB plc, where he
also worked internationally in M&A and operations. Andrew spent
his earlier career at PwC in London where he qualified as a
Chartered Accountant. He holds a Business degree from The
University of Bath.
Andrew is currently a Non-Executive Director and Chair of the
Audit Committee at AIM-listed Renold plc and is a Pension Trustee
and Chair of the Pension Investment Committee at The Alumasc Group
plc.
Philip Kirkham, CEO of Hardide plc said : "On behalf of the
Board, I would like to thank Robert for the years of invaluable
strategic leadership coupled with the personal effort and resources
he has provided since joining the Group in 2008. As well as being
an accomplished and compassionate Chair he has contributed
significantly to the development of the business through his
knowledge and experience as a chartered engineer. A tireless Chair,
his commitment and guidance has been a cornerstone of the
successful business that he leaves today. We wish him well in his
future endeavours.
"The Board welcomes Andrew and looks forward to working with him
as the business continues to expand across its key markets. As an
experienced public company Director, Andrew brings a range of
well-honed skills including strategic development, corporate
governance, financial oversight, change management and M&A. He
is also an experienced Chair of Audit Committees. Importantly, he
is
well-respected and has good networks within City institutions,
adding strength to the Board."
Enquiries:
Hardide plc
Andrew Magson, Non-Executive Chair Tel: +44 (0) 1869 353
Philip Kirkham, CEO 830
Jackie Heddle, 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)
Barney Hayward (ECM/Broking)
Allenby Capital - Joint Broker Tel: +44 (0) 20 3328
Tony Quirke - Sales and Corporate Broking 5656
Jeremy Porter/ Freddie Wooding - Corporate
Finance
Andrew Magson (56)
Current Directorships:
Renold plc
Andrew Magson - Past Directorships held in the last 5 years:
The Alumasc Group plc
Alumasc Building Products Limited
Levolux Limited
Alumasc Limited
Alumasc Precision Limited
Benjamin Priest Limited
Alumasc Interior Building Products Limited
Elkington Gatic Limited
Alumasc DD Limited
Roof Pro Limited
Doranda Limited
Wade International Limited
Wade International (UK) Limited
Wade Drainage Products Limited
Levolux A.T. Limited
Blackdown Horticultural Consultants Limited
Timloc Building Products Limited
The Green Building Products Company Limited
Sure-Foot Supports Limited
Andrew Magson does not own any ordinary shares or options over
ordinary shares in the Company.
There is no further information on Andrew Magson required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for
Companies.
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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