Appointment of Non-Executive Director

RNS Number : 9431S

Tekmar Group PLC

22 March 2021

 

22nd March 2021

TEKMAR GROUP PLC

("Tekmar Group" or the "Group")

Appointment of Non-Executive Director

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce that Ian Ritchey has been appointed to the Board as Non-Executive Director, with effect from 22nd March 2021.

Ian is an experienced engineering leader with a strong track record of delivery in the Energy, Aerospace, Defence, and Marine sectors, across all stages of the product lifecycle from research and new product development through to in-service support.

Ian has nearly 30 years' experience in the engineering industry, including 20 years in senior leadership positions with Rolls-Royce plc, where he held key roles including: Head of Aerospace Research and Technology, Defence Engineering Director and Executive VP Engineering and Technology - Commercial Marine.  Most recently, he was Group Chief Engineer, leading the Engineering function across the business.

Ian has degrees from Cambridge and Stanford Universities. He is an Honorary Professor at Durham University, a Chartered Engineer, a Fellow of the IMechE and a Fellow of the Royal Academy of Engineering, where he currently Chairs the Diversity and Inclusion Leadership Group.

Julian Brown, Non-executive Chairman of Tekmar Group, said: "We are delighted to welcome Ian to Tekmar Group. Ian is a highly accomplished business leader with deep engineering knowledge, and experience in product research, design and technology which are directly relevant to Tekmar Group's core market and products and will be of significant benefit to the business at a time of forecast structural growth in the global offshore wind industry. His appointment strengthens and broadens the Board's skill set, and we very much look forward to benefitting from his insights, expertise, international experience and counsel over the coming years to support Tekmar Group's continued success ."

Ian Ritchey said : "I am very pleased to be appointed to the Tekmar Group Board as Non-Executive Director .  The Group is a global technology leader which I have admired for some time as I have followed its impressive growth trajectory. I look forward to working with the Board, Ally MacDonald and the rest of the executive team, and all our stakeholders, on the opportunities ahead within the Global Offshore Wind Market."  

The following disclosures are required regarding Dr Ritchey's appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies ("AIM Rules"):

Full name: Ian Ritchey

Age: 56

Current directorships: None

Previous directorships in the last five years:

· Safyrr Propulsion Limited

Save as set out above, there is no further information to be disclosed in respect of Dr Ian Ritchey under Schedule 2(g) of the AIM Rules.

Enquiries:

Tekmar Group plc Alasdair MacDonald, CEO Sue Hurst, CFO	[phone]
N+1 Singer (Nominated Adviser and Joint Broker) Rick Thompson / Rachel Hayes	[phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Ciaran Walsh	[phone]
Belvedere Communications (Financial PR) Cat Valentine Keeley Clarke	[phone] [phone] [e-mail]

About Tekmar Group plc  -  www.tekmargroup.com

Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets.  The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited. 

Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985. 

Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.  

AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis.  AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services.   

Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.

Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.

Tekmar Energy is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group plc also has strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.

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