Directorate Change

RNS Number : 0852Y

Mincon Group Plc

17 August 2018

 

Mincon Group plc

("Mincon" or the "Company")

Directorate Change

Mr Kevin Barry - retirement as a Director of Mincon Group plc

Mincon Group plc, the Irish engineering group specialising in the design, manufacture, sale and servicing of rock drilling tools and associated products, announces that Mr. Kevin Barry, a non-executive director, has decided to retire from the Board of the Company, effective today. Mr. Barry was with the Company for 34 years, first as financial controller, then as CEO for 25 years through the IPO of the Company in 2013.

Kevin stood down as CEO in 2015 but remained on the Board in a non-executive capacity, to be available as counsel to the succeeding CEO, Mr. Joe Purcell, and to chair and support various committees.

Joe Purcell expressed his thanks to Kevin at the recent Board meeting for that support and for his frequent visits to the company and the advice and assistance he has given the Executive over the last three years.

Kevin Barry has taken up other interests outside the Company since he retired from the executive team, and now wishes to step down from Company to spend more time on these other matters.

Kevin commented "I believe the company is in safe hands and tremendous health and I would like to take this opportunity to thank every worker in the Company, and the various teams around the world for all their contributions to the success of the Mincon business".

The Chairman, Patrick Purcell, thanked Kevin for his very significant contributions over the years in his capacities as an executive, and latterly as a non-executive director, commenting "while the Board notes his departure with regret, we wish Kevin all the best in his retirement from the Mincon Group plc and in his new business interests".

End

For further information, please contact:

Mincon Group plc
Joe Purcell,  Chief Executive Officer Peter E. Lynch,  Chief Operating Officer	Tel: + 353 (61) 361 099
Davy Corporate Finance (Nominated Adviser and ESM Adviser)	Tel: [phone]
Anthony Farrell
Daragh O'Reilly

 

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