Board Changes

RNS Number : 5613M

Flowtech Fluidpower PLC

12 May 2020

 

Tuesday 12 May 2020

FLOWTECH FLUIDPOWER PLC ("Company") Board Changes

Flowtech Fluidpower plc (AIM: FLO), the leading specialist supplier of technical fluid power components and services, announces that Non-Executive Director and Executive Chairman designate, Bill Wilson, will step down as a director of the Company with effect from the conclusion of the AGM on the 10 June 2020. As a result, we are pleased to announce that Roger McDowell will become Non-Executive Chairman from the 1 August 2020. Roger will initially join the Board as an Independent Director following the AGM before then replacing Malcolm Diamond MBE as Non-Executive Chairman. From the 1 August 2020, the Board will be comprised of Roger McDowell (Non-Executive Chairman), Bryce Brooks (Chief Executive Officer), Russell Cash (Chief Financial Officer), and Malcolm Diamond and Nigel Richens (Non-Executive Directors).  It remains our intention to identify a new Non-Executive Director to join the Board and discussions with a number of potential candidates have commenced.  Following this appointment Malcolm will retire from the Board. Malcolm Diamond MBE, Non-Executive Chairman said: "On behalf of the Board, I would like to thank Bill for his contribution and wish him all the best for the future ."

Enquiries to: Flowtech Fluidpower plc Malcolm Diamond MBE, Non-Executive Chairman Bryce Brooks, Chief Executive Officer Russell Cash, Chief Financial Officer Tel: [phone] Email [e-mail] For more information please visit www.flowtechfluidpower.com . Zeus Capital Limited (Nominated Adviser and Broker) Andrew Jones, Kieran Russell (corporate finance) Dominic King, John Goold (sales & broking) Tel: [phone] finnCap Limited (Joint Broker) Ed Frisby, Kate Bannatyne (Corporate Finance) Rhys Williams, Andrew Burdis (Sales & Broking) Tel: + 44 (0) 20 7220 0500 TooleyStreet Communications (IR and media relations) Fiona Tooley Tel: [phone] or email : [e-mail]

 

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