Directorate Change

RNS Number : 2110F

Harland & Wolff Group Holdings PLC

18 March 2022

 

18 March 2022

Harland & Wolff Group Holdings plc

("Harland & Wolff" or the "Company")

Appointment of Chairman

Harland & Wolff Group Holdings plc (AIM: HARL), the UK-quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce the appointment of Malcolm Groat as Chairman of the Board of Directors. Mr. Groat had earlier assumed the role of Interim Chairman on 27^th  September 2021.

Further, as announced in December, the Company intends to appoint another non-executive director, whose skills and experience are commensurate with the requirements of the Company. The Company is currently undertaking a formal process with external recruitment advisors/consultants and a further announcement will be made in due course. The Board, as is currently constituted, has four members comprising two executive directors and two non-executive directors which includes the Chairman.

John Wood, Group CEO of Harland & Wolff, comments: "I am delighted that Malcolm has been appointed as Chairman. He has been a non-executive director of the Company since March 2019 and has been deeply involved in all activities undertaken by the Company since that time. Malcolm brings with him a wealth of experience and understands our business model in great depth. I look forward to working closely with Malcolm going forward."

For further information, please visit  www.harland-wolff.com  or contact:

Harland & Wolff Group Holdings plc John Wood, Chief Executive Officer Seena Shah, Head of Marketing & Communications	[phone] [e-mail]   [e-mail]
Cenkos Securities plc (Nominated Adviser & Broker) Stephen Keys / Callum Davidson / Dan Hodkinson (Corporate Finance) Michael Johnson (Sales)	[phone]

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the maritime and offshore industry through five markets: commercial, cruise and ferry, defence, energy and renewables and six services: technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion.

Its Belfast yard is one of Europe's largest heavy engineering facilities, with deep water access, two of Europe's largest drydocks, ample quayside and vast fabrication halls. As a result of the acquisition of Harland & Wolff (Appledore) in August 2020, the company has been able to capitalise on opportunities at both ends of the ship-repair and shipbuilding markets where there will be significant demand.

In February 2021, the company acquired the assets of two Scottish-based yards along the east and west coasts. Now known as Harland & Wolff (Methil) and Harland & Wolff (Arnish), these facilities will focus on fabrication work within the renewables, energy and defence sectors.

In addition to Harland & Wolff, it owns the Islandmagee gas storage project, which is capable of providing 25% of the UK's natural gas storage capacity and which would benefit the Northern Irish economy as a whole when completed.

 

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