Confirmation of Board Changes

RNS Number : 7877L

Carclo plc

07 September 2012

 



 7 September 2012

Carclo plc ("Carclo")

Confirmation of Board changes

This announcement confirms the Board changes consequent upon the retirement from the board of Christopher Ross after yesterday's Annual General Meeting. These changes were set out in Carclo's preliminary announcement of results for the year ended 31 March 2012 which was issued on 12 June 2012.

Christopher Ross has retired from the Board after serving as a non executive director since 2003 and chairman since 2006. Michael Derbyshire has succeeded Christopher as chairman of the board. Michael joined the board as a non executive director and chairman of the remuneration committee on 1 January 2006. Robert Rickman, who was appointed as a non executive director on 1 July 2012, will take over the chairmanship of the remuneration committee with immediate effect.

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Enquiries:
Carclo plc	01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director
Weber Shandwick Financial	020 7067 0700
Nick Oborne / Stephanie Badjonat / Robert Cook

Notes to editors

Carclo plc is a technology led plastics group. It is a public company whose shares are quoted on the London Stock Exchange.

Two thirds of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

A third of sales are derived from the supply of specialised precision products to the premium automotive and aerospace industries. Carclo is a leader in the development of high power LED lighting for supercars.

Carclo's strategy is to develop new technologies and products to drive future growth. Its investment in Conductive Inkjet Technology is at the heart of the newly emerging market for very low cost printed electronics.

 

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