Renold PLC Appointment of Non-Executive Director (5884T)
09 January 2017 - 6:00PM
UK Regulatory
TIDMRNO
RNS Number : 5884T
Renold PLC
09 January 2017
9 January 2017
Renold plc
("Renold", "the Company" or "the Group")
Appointment of Non-Executive Director
Renold, a leading international supplier of industrial chains
and related power transmission products, is pleased to announce the
appointment of David Landless to the board as a Non-Executive
Director with effect from 9 January 2017.
David has significant experience at senior levels of
international businesses in the industrials sector. He was most
recently Group Finance Director of Bodycote plc from 1999 until his
retirement on 1 January 2017. Prior to that, he was at Courtaulds
for 15 years in a range of finance roles in the UK and US, latterly
as Finance Director of Courtaulds Coatings (Holdings) Ltd, from
1997 to 1999. David is currently a Non-Executive Director of Luxfer
Holdings plc and Innospec Inc.
David's appointment forms a part of Renold's orderly succession
planning process for Board members which was outlined in the
Nomination Committee Report included in the 2016 Annual Report and
Accounts. David will become Chairman of the Audit Committee on
completion of the Group's AGM on 19 July 2017 succeeding John
Allkins who will step down after nine years in the role. John will
continue as a Non-Executive Director until the conclusion of the
2018 AGM, facilitating a valuable handover period to David.
Mark Harper, Chairman of Renold plc commented:
"I am delighted to welcome David to the Group. His recent
experience of international industrial multi-site businesses makes
him a great fit for Renold as we continue to implement our STEP
2020 plan.
"I also want to thank John for his rigour and tireless
commitment over many years as Audit Committee Chairman and am
pleased that he will remain a part of the Board until the middle of
next year."
There are no further matters to be disclosed pursuant to
paragraph 9.6.13 of the Listing Rules of the UK Listing
Authority.
ENQUIRIES:
Renold plc 0161 498 4500
Robert Purcell, Chief Executive
Ian Scapens, Finance Director
Arden Partners 020 7614 5917
Chris Hardie
Instinctif Partners 020 7457 2020
Mark Garraway
Helen Tarbet
Rosie Driscoll
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 website at:
www.renold.com
This information is provided by RNS
The company news service from the London Stock Exchange
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January 09, 2017 02:00 ET (07:00 GMT)