TP Group PLC Board Change (8936R)
15 December 2016 - 6:00PM
UK Regulatory
TIDMTPG
RNS Number : 8936R
TP Group PLC
15 December 2016
15 December 2016
TP Group plc
("TP Group" or the "Company" or the "Group")
Board Change
TP Group (AIM: TPG), the specialist services and engineering
group, announces that Richard King will stand down from his
position as Non-Executive Chairman of the Board with effect from 31
December 2016.
Richard was appointed to the Board in February 2011, becoming
Non-Executive Chairman in March 2013. He oversaw the evolution of
the Group from a loss-making research and development business into
a profitable Tier 2 services and engineering business in industrial
and defence sectors and continuing this progress with a positive
outlook, as announced in yesterday's trading update.
Richard will continue with his charity work whilst exploring new
opportunities alongside his other business interests.
Andrew McCree will take over as Non-Executive Chairman and the
Company has commenced the search for an additional, suitably
qualified, independent non-executive director and will update
shareholders accordingly.
Phil Cartmell, Chief Executive of TP Group, commented:
"I would like to thank Richard for his support and guidance over
the last six years. The Group has made great progress under his
stewardship and has established a strong platform to work with
global customers on strategic programmes. We look forward to
continuing this progress with Andrew as we pursue further complex
services and engineering opportunities in the defence, government
and industrial sectors."
For further information, please contact:
TP Group plc Tel: 01753 285 810
Phil Cartmell, Chief
Executive Officer
Derren Stroud, Chief
Financial Officer
www.tpgroup.uk.com
Cenkos Tel: 020 7397 8980
Stephen Keys / Mark Connelly
www.cenkos.com
Vigo Communications Tel: 020 7830 9700
Jeremy Garcia / Fiona
Henson
www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers
complex equipment and systems, and provides support throughout
their operational life. The Company's shares have been traded on
AIM since July 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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