TIDMSDM

RNS Number : 1221E

Stadium Group PLC

04 May 2017

Stadium Group plc

("Stadium" or the "Company")

Appointment of Group Finance Director

Stadium (AIM: SDM), a leading supplier of connectivity solutions, power supplies, human machine interface products and electronic assemblies, announces the appointment of Winston North, ACMA as Group Finance Director and Company Secretary, effective as of Monday, 15 May 2017.

Winston joins Stadium from FTSE 250 engineering group IMI plc, where he was Finance & IT Director at its Hydronic Engineering Division based in Geneva, leading a large finance and IT team in a GBP300m global manufacturing division operating from six factories.

Between 2007 and 2012 Winston was European Chief Financial Officer for IMI's Precision Engineering business. Previously Winston has held roles as Group CFO for seven years at Knuerr AG, a publically listed German engineering group, and Finance Director of g4 Limited, a self-funded investment company, which acquired Knuerr.

Charlie Peppiatt, Chief Executive Officer of Stadium, said:

"We are delighted to welcome Winston to the Board as Group Finance Director. Winston has extensive experience working within dynamic manufacturing businesses with a global footprint and has a broad range of skills that will be applicable to Stadium as we continue to grow our Technology Products division and fulfil our increasing forward order book."

"I would also like to offer my thanks to Andrew Tonks for his recent stewardship as Interim Finance Director. Andrew has been a great help in developing the finance systems and structure to support accelerated growth as a technology business and I am grateful for his support in ensuring an orderly handover to Winston."

Additional Information:

Winston Owen Charles North, aged 51, holds no shares in the Company and other than as set out below there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of Mr North's appointment as a Director of the Company. Winston has been a director of the following companies during the previous five years:

 
Current directorships  Previous directorships in 
                        the last 5 years 
None                   IMI Watson Smith Limited 
                       IMI Norgren (Export) Limited 
                       IMI Hydronic Engineering International SA 
                       Norgren Limited 
                       Norgren European Logistics Company Limited

For further information, please contact:

 
Stadium Group plc                            www.stadiuminvestors.com 
Charlie Peppiatt, Chief                            Tel: 0118 931 1199 
 Executive Officer 
 
Walbrook PR              Tel: 020 7933 8780 or stadium@walbrookpr.com 
Paul McManus                                       Mob: 07980 541 893 
Helen Cresswell                                    Mob: 07841 917 679 
 
N+1 Singer                                         Tel: 020 7496 3000 
Richard Lindley 
Nick Owen

About Stadium Group plc (www.stadiumgroupplc.com)

Stadium Group plc is a leading supplier of connectivity solutions, power supplies, human machine interface products and electronic assemblies with design and manufacturing operations in Europe and Asia. The Company consists of two divisions:

   1.    Technology Products (60% of 2016 revenues)

-- Connectivity solutions - design, integration and manufacture of "machine-to-machine" ("M2M") and "Internet of Things" ("IoT") wireless solutions

-- Power Supplies (including Stontronics) - custom and standard power product solutions from 1W to 10kW

   --     Human Machine Interface - intelligent "HMI" integrated solutions 
   2.    Electronic Assembly (40% of 2016 revenues) - previously Electronic Manufacturing Services 
   --     Electronic manufacturing services to global original equipment manufacturers

This information is provided by RNS

The company news service from the London Stock Exchange

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May 04, 2017 02:01 ET (06:01 GMT)

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