Directorate Change

RNS Number : 9364M

Elektron Technology PLC

26 January 2016

 

Elektron Technology plc

(AIM: EKT, "Elektron" or the "Company" or the "Group")

Directorate Change

On 10 September 2015 Elektron Technology Plc announced that Andy Weatherstone, Chief Financial Officer, had informed the Company that he wished to step down from the Board with the aim of resuming his turnaround consultancy.  It was expected that Andy would leave the Group in March 2016.

The Board is now pleased to announce that Andy has agreed to stay in his current role. Following detailed discussions it has been possible to accommodate Andy's desire to work on other projects whilst devoting the vast majority of his time to Elektron as CFO.

Keith Daley, Chairman of Elektron, said: "I am obviously delighted that Andy has agreed to stay with us. He has had a vital part to play in the progress the business has made since he joined two years ago and complements a strong management team enabling us to exploit fully the significant opportunities available to us."

For further information:

Elektron Technology  www.elektron-technology.com	[phone]
John Wilson - Chief Executive Officer Andy Weatherstone - Chief Financial Officer
finnCap (Nominated Adviser and Broker)	[phone]
Ed Frisby/Scott Mathieson (Corporate Finance)
Malar Velaigam (Corporate Broking)

Notes to Editors

Elektron conceives, designs and markets innovative engineered products and services for businesses that connect, monitor and control

We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

   --      New waves of "aware" business applications: Checkit

   --      Demand for ubiquitous power and data: Bulgin

   --      Growth in high precision manufacture: Queensgate

In addition, Elektron owns a portfolio of well-established products and brands that provide cash flow as well as customer access and feedback

 

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