Pennant International Group PLC Board Re-organisation & Directorate Changes (2926U)
22 November 2019 - 6:00PM
UK Regulatory
TIDMPEN
RNS Number : 2926U
Pennant International Group PLC
22 November 2019
FOR IMMEDIATE RELEASE 22 November 2019
PENNANT INTERNATIONAL GROUP PLC
Board Re-organisation
&
Directorate Changes
Pennant International Group plc ("Pennant", the "Group", or the
"Company"), the AIM quoted supplier of integrated training and
support solutions, products and services which train and assist
operators and maintainers in the defence and regulated civilian
sectors, confirms the following Board changes.
Following a review of Board composition, capabilities and future
requirements, Pennant is pleased to announce that Mervyn John
Skates has been appointed to the newly created executive Board
position of Operations Director with effect from 1 January
2020.
Mr Skates is currently the Group's Chief Operating Officer for
the UK, Europe and Middle East. In his new role as Operations
Director, Mr Skates will retain those responsibilities and will
also assume a broader remit for delivery of key projects, business
planning and organisational change. The appointment is for a fixed
term of three years.
After 22 years with the Group, latterly as Finance Director,
Gary Barnes has confirmed that he will be stepping down from the
Board with immediate effect. Mr Barnes will remain with the
business until 31 March 2020 and, during the next month, he will
focus on ensuring the Company is well-placed for the 2019 financial
year-end reporting.
The Company has engaged an interim finance director (a non-Board
appointment) from 1 December 2019 for a period of four months to
oversee the production of the 2019 annual report and accounts and
ensure successful completion of the related audit. To strengthen
the Finance function for the future following Mr Barnes' departure,
the Company has also appointed a new finance executive from a major
OEM who will take up his position early in the new year.
Commenting on these changes, Philip Walker (CEO) said; "We are
very pleased to welcome Mervyn onto the Board. His deep operational
experience and tenacious approach will undoubtedly benefit the
Group and help deliver our ambitious growth plans. At the same
time, the Group thanks Gary for his many years of loyal service and
for the significant contribution he has made. We wish him all the
best for the future."
About Mr Skates
Prior to joining Pennant in January 2019, Mr Skates held various
senior operational roles within BAE Systems most recently as
Operations Director for BAE Systems SDT in Saudi Arabia.
Mr Skates (aged 55) holds 25,000 ordinary shares in the
Company.
There are no other disclosures required in accordance with
Schedule 2(g) of the AIM Rules.
Enquiries:
Pennant International Group plc www.pennantplc.co.uk
Philip Walker, CEO
David Clements, Commercial &
Risk Director +44 (0) 1452 714 914
WH Ireland Limited (Nomad and www.whirelandcb.com
Broker)
Mike Coe
Chris Savidge +44 (0) 117 945 3470
Walbrook PR (Financial PR) paul.vann@walbrookpr.com
Paul Vann +44 (0)20 7933 8780
Tom Cooper Mob: +44 (0)7768 807631
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END
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