Directorate Change

RNS Number : 9548J

Thorpe(F.W.) PLC

03 July 2017

 

3^rd July 2017

F W Thorpe Plc (the "Company")

Directorate Changes

F W Thorpe Plc announces the following changes to the board structure:

Mr Andrew Thorpe will step down as Executive Chairman and Joint Chief Executive and take up a role as an Executive Director on a part-time basis.

The position of Chairman and Joint Chief Executive will be assumed by Mr Mike Allcock, currently Joint Chief Executive and Managing Director of Thorlux Lighting, the largest company within the Group.  Mike has been responsible for driving the growth at Thorlux for a number of years and will continue this role as well as influencing product development and the adoption of new product technology across the Group.

Mr Craig Muncaster will become Joint Chief Executive whilst retaining the position of Group Financial Director.  Craig has been with the Group for over seven years and has recently led the successful delivery of the acquisition strategy including the notable success of integrating both the Portland and Lightronics businesses in recent years.

Mr James Thorpe will become an Executive Director of the Group and Business Development Director of Thorlux Lighting.  James has been with the Group since 2013 in the role of Business Development Manager for Thorlux and has been responsible for securing a number of high profile projects which have contributed to the growth of revenue derived from the healthcare sector.

Andrew Thorpe, Chairman of F W Thorpe Plc said:

"There comes a time!  The salmon, bass and the 18^th beckon and deserve a little more of my attention.  I have enjoyed every moment of my time at F W Thorpe Plc and hope to contribute more yet even from my lower standing! 

With the current executive team being responsible for delivering the positive results we have seen over a number of years, this is very much "business as usual".  The structure outlined above has served the Company well and resulted in the successful group we see today."

The new board structure will be available on our website later today.

Additional information in respect of James Thorpe:

James Edward Thorpe, aged 40, holds 1,371,450 ordinary shares in the Company.  There is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of James Thorpe's appointment as a Director of the Company. 

For further information, please contact:

F W Thorpe Plc                       

Andrew Thorpe - Chairman and Joint Chief Executive                                            Tel:  [phone]

Craig Muncaster - Group Financial Director

N+1 Singer - Nominated Adviser

Richard Lindley                                                                                                  Tel:  [phone]

 

END

 

 

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