Board Appointment

RNS Number : 0944O

Avingtrans PLC

04 August 2014

 



4 August 2014

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Board Appointment

Avingtrans plc (AIM: AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectors, has appointed Les Thomas to the Board of Directors as a Non-Executive Director effective 1 September 2014.

Mr Thomas has over 30 years' experience in the Oil and Gas industry, in various subsurface, engineering, operational and senior management positions. Les is currently CEO of Ithaca Energy Inc, appointed in 2013 and has previously served as a main Board Director of Wood Group and Chief Executive of its Production Facilities business and Group Director responsible for HSE. Prior to this, he spent 22 years with Marathon Oil, including four years as European Business Unit Leader, responsible for Marathon's upstream business in the UK, Ireland, Netherlands and Norway.

The appointment of Les and Dr Gareth Job, announced on the 30 July 2014, strengthens the Group's expertise in the Oil and Gas sector and demonstrates commitment to further developing it as a key market, as the Company positions Maloney Metalcraft as a leading supplier to global original equipment manufacturers (OEMs).

Commenting on the appointment, Roger McDowell, Chairman of Avingtrans said: "Les has a great deal of experience in the Oil and Gas capital equipment industry, a market that is becoming increasingly important to the Avingtrans Group. In addition to the continuing successful development of our offering in the Aerospace market, we are looking to grow our presence in the niche equipment market of the Oil and Gas sector." 

Les Thomas commented: "I am delighted to be joining the Board of Avingtrans as a Non-Executive Director. The integration of Maloney Metalcraft with the rest of the division provides an exciting opportunity to further develop the Group's offering to the Oil and Gas sector."

Details of Leslie James Thomas' (age 57) current and previous directorships in the past five years are set out below:

Current Directorships

ITHACA ENERGY INC.

ITHACA ALPHA (N.I.) LIMITED

ITHACA CAUSEWAY LIMITED

ITHACA DELTA LIMITED

ITHACA ENERGY (UK) LIMITED

ITHACA ENERGY HOLDINGS (UK) LIMITED

ITHACA EPSILON LIMITED

ITHACA EXPLORATION LIMITED

ITHACA GAMMA LIMITED

ITHACA MINERALS (NORTH SEA) LIMITED

ITHACA NORTH SEA LIMITED

ITHACA PETROLEUM LIMITED

Past Directorships (last 5 years)

JOHN WOOD GROUP PLC

WOOD GROUP ENGINEERING & OPERATIONS SUPPORT LIMITED

WOOD GROUP ENGINEERING INTERNATIONAL LIMITED

WOOD GROUP HOLDINGS (INTERNATIONAL) LIMITED

WOOD GROUP MANAGEMENT SERVICES LIMITED

THE SCOTTISH OIL CLUB

There are no other matters which are required to be announced pursuant to paragraph (g) of Schedule 2 to the AIM Rules.

Enquiries:

Avingtrans plc                                                                                                   0115 949 9020

Steve McQuillan, CEO

Stephen King, CFO 

Numis                                                                                            

David Poutney (Corporate Broking)                                                        0207 260 1000

Richard Thomas (Corporate Finance and Nominated Adviser)     

Newgate Threadneedle                                                                               020 7653 9850

(Financial PR)

Josh Royston / Heather Armstrong

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About Avingtrans Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide. The business is made up of 2 divisions: • Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and; • Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

 

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