Directorate Change

RNS Number : 4612N

Optare PLC

28 July 2014

 



Optare Plc

("Optare" or the "Company")

Board Appointment

The Company is pleased to announce that Mr. T. Venkataraman has been appointed to the Board as a Non-Executive Director with immediate effect.

Mr. Venkataraman Thyagarajan, 54, is an Indian citizen and is currently the Head of Global Bus Business of Ashok Leyland Ltd, Optare's parent company.  Mr. Venkataraman is a Mechanical Engineer and holds a Master's Degree in Industrial Management.  Mr. Venkataraman has 33 years' experience in the automotive industry and started his career in 1981 with various organizations such as Suhail Bahwan & Saud Bahwan Group, Amalgamations Group, McNeil & Magon and Enfield Motors.  Mr. Venkataraman was a Professor at NITIE, Mumbai for three years and has four publications to his credit.  Mr. Venkataraman joined Ashok Leyland Ltd in April 2010 and is responsible for the Global Bus Business. He is a Director of the Ashok Leyland (UAE) LLC and Irizar TVS Ltd.

Welcoming Mr. Venkataraman, Mr. John Fickling the Chairman said, "We are delighted to welcome Thyagarajan to the Board. He brings a wealth of experience and will be a great asset to the Company."

Save as disclosed above there are no additional disclosures to be made in accordance with paragraph (g) of Schedule 2 of the AIM rules in relation to Mr. Venkataraman.

For further information please contact:

Optare plc                               Tel: [phone]

Garry Booth

Cenkos Securities plc          Tel: [phone]

Stephen Keys/Mark Connelly  

 

END

 

 

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