Directorate Change

RNS Number : 6664E

Renold PLC

20 July 2016

 

Renold plc

("Renold", "the Company" or "the Group")

Directorate Change

After six years with Renold, Brian Tenner has informed the Board of his intention to leave the Company, when a suitable successor has been found, in order to pursue new opportunities. A search for his successor is well advanced and a further announcement is expected to be made in due course.

Mark Harper, Chairman said

"Brian has played a key role in the delivery to date of the Group's "Step 2020" strategy, including improved business performance, rationalisation of operations and actions taken to de-risk the pension fund and improve cash and treasury management.

On behalf of everyone at Renold, the Board thanks Brian for his substantial contribution and wishes him and his family all the very best for the future."

20 July 2016

We will continue to work together to ensure a smooth transition over the coming months

ENQUIRIES:

Renold plc	0161 498 4500
Robert Purcell, Chief Executive
Brian Tenner, Finance Director
Arden Partners	020 7614 5917
Chris Hardie
Instinctif Partners	020 7457 2020
Mark Garraway
Helen Tarbet

NOTES FOR EDITORS

Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.

Further information about Renold can be found on the website at: www.renold.com

 

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