Renold PLC Appointment of new Finance Director (0060J)
06 September 2016 - 4:01PM
UK Regulatory
TIDMRNO
RNS Number : 0060J
Renold PLC
06 September 2016
Renold plc
("Renold", "the Company" or "the Group")
Appointment of new Finance Director
Renold, a leading international supplier of industrial chains
and related power transmission products, announces that Ian Scapens
will join the Board as Group Finance Director.
Ian (42) has extensive experience in all aspects of finance in
large complex organisations. He joins Renold from Keepmoat Group,
the UK's leading national provider of social housing refurbishment
and regeneration services and a developer of low-cost, affordable
housing, where he has been Deputy Chief Financial Officer since
June 2015. Previously, Ian spent 10 years at Speedy Hire Plc, the
UK's leading tools, equipment and plant hire services company,
latterly as Group Financial Controller in the UK, from 2010 to
2015. Ian will join the Company directly upon release from his
current employment which will not be later than 3 January 2017.
Further to the announcement on 20 July 2016 that Brian Tenner
had informed the Board of his intention to leave Renold in order to
pursue other opportunities, the Board has now agreed that Brian can
leave the Company with effect from 18th November 2016, following
the interim results on 15 November 2016.
Mark Harper, Chairman, said:
"We are delighted that Ian will be joining Renold. He brings
with him a wealth of relevant experience which will stand us in
good stead as we continue to implement our Step 2020 strategy.
"We'd like to reiterate our thanks to Brian for his substantial
contribution to Renold, improving business performance,
rationalising operations, de-risking the pension fund and improving
cash and treasury management. We wish him and his family all the
very best for the future."
There are no other disclosures to be made pursuant to paragraph
9.6.13 of the Listing Rules.
6 September 2016
ENQUIRIES:
Renold plc 0161 498 4500
Robert Purcell, Chief Executive
Brian Tenner, Finance Director
Arden Partners 020 7614 5917
Chris Hardie
Instinctif Partners 020 7457 2020
Mark Garraway
Helen Tarbet
NOTES FOR EDITORS
Renold is a global leader in the manufacture of industrial
chains and also manufactures a range of torque transmission
products which are sold throughout the world to a broad range of
original equipment manufacturers and distributors. The Company has
a well deserved reputation for quality that is recognised
worldwide. Its products are used in a wide variety of industries
including manufacturing, transportation, energy, steel and
mining.
Further information about Renold can be found on the
This information is provided by RNS
The company news service from the London Stock Exchange
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September 06, 2016 02:01 ET (06:01 GMT)