Somero Enterprises Inc. Board Change (5587K)
29 August 2023 - 4:00PM
UK Regulatory
TIDMSOM
RNS Number : 5587K
Somero Enterprises Inc.
29 August 2023
29 August 2023
Somero Enterprises, Inc.
("Somero", "the Company" or "the Group")
Board Change
Somero(R) announces that John Yuncza is stepping down from his
role as President and from the Board of Directors, effective 28
August 2023.
Following his departure, John's roles and responsibilities will
be assumed by Jack Cooney, current CEO and former CEO &
President, on an interim basis until a successor has been found.
Jack has played a leading role in building Somero since he joined
in 1997.
The search for John's successor is underway and an update will
be provided in due course.
As reported in the 24 July 2023 trading update, the Board is
confident that the results for the full year will be in line with
market expectations. The Company will announce its interim results
on the 31 August 2023.
Jack Cooney, CEO of Somero, commented:
"On behalf of the Board and everyone at the business I would
like to express a sincere thanks to John for his significant
contribution to Somero and wish him all the best in his future
endeavors.
"Having previously served the dual role of CEO and President for
25 years, I'm intimately familiar with it and look forward to
re-assuming the additional responsibility until the search for
John's successor is complete. The business is in a strong position,
with a wealth of exciting opportunities ahead and I look forward
continuing to drive growth."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
Enquiries:
Somero Enterprises, Inc. www.somero.com
Jack Cooney, CEO +1 239 210 6500
Vincenzo LiCausi, CFO
Howard Hohmann, EVP Sales
finnCap Ltd (NOMAD and Broker) +44 (0)20 7220 0500
Matt Goode/Seamus Fricker/Fergus Sullivan
(Corporate Finance)
Tim Redfern/Harriet Ward (ECM)
Alma PR (Financial PR Advisor) somero@almapr.co.uk
David Ison +44 (0)20 3405 0205
Rebecca Sanders-Hewett
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END
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