Directorate Change

RNS Number : 5522M

Renold PLC

12 May 2020

 

Renold plc

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

Appointment of Group Finance Director

Renold, a leading international supplier of industrial chains and related power transmission products, is pleased to announce the appointment of James (Jim) Robert Haughey to the Board as the Group Finance Director.

Jim, aged 53, is currently UK Group Finance Director of Drive DeVilbiss Healthcare Limited, a manufacturer and global distributor of durable healthcare products.

Jim qualified as a Chartered Accountant in 1991 and has subsequently spent his career in senior finance roles across a range of industrial businesses including FKI, Bridon, Cosalt and Bodycote within line and central functions. He was Group Finance Director for AIM listed Mpac Group plc, the global supplier of high speed packaging and automation solutions.

Jim will replace Ian Scapens, who, as announced on 13 November 2019, resigned as the Group's Finance Director, and is expected to leave the business after the investor roadshow to present the 2019/2020 annual results. Jim's start date is still to be finalised and an update will be made in due course.

Mark Harper, Chairman of Renold plc commented: " I am delighted to welcome Jim to the Group.  Jim is a high calibre appointment with a proven track record across a range of senior finance functions within global industrial businesses."

ENQUIRIES:

Renold plc	0161 498 4500
Robert Purcell, Chief Executive
Ian Scapens, Finance Director
Peel Hunt	0207 418 8831
Mike Bell Ed Allsopp
Instinctif Partners	0207 457 2020
Mark Garraway
Rosie Driscoll

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

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies:

Current directorships	Directorships held in the last five years
Aquajoy Bathlifts Limited Doherty Medical Limited Drive Devilbiss Healthcare Limited Drive Devilbiss Sidhil Limited Endres UK Limited Mountway Holdings Limited Mountway Limited Park House Healthcare Limited Siddall & Hilton Enterprises Limited Siddall Medical Limited Sidhil Group Limited Specialised Orthotic Services Limited	Arista Laboratories Europe Limited Hartsvale Limited Molmac Engineering Limited Mpac Corporate Services Limited Mpac Group Holdings Limited Mpac Group plc Mpac ITCM Limited Mpac Machine Company Limited Mpac Machinery Limited Mpac Overseas Holdings Limited Mpac Tobacco Machinery Limited Thrissell Limited

Save as set out above, there are no further disclosures required pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

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