Appointment of Non-Executive Chairman

RNS Number : 1454A

Gooch & Housego PLC

22 December 2017

 

For immediate release

22 December 2017

Gooch & Housego PLC

("G&H" or the "Company")

Appointment of Non-Executive Chairman

Gooch & Housego PLC, the specialist manufacturer of photonic components and systems, is pleased to announce that Gary Bullard will be appointed to the Company's Board as Non-Executive Chairman at the Annual General Meeting on 21 February 2018. At that time Gareth Jones will step down as Non-Executive Chairman, following almost 37 years of loyal service with the Company.

Gary has extensive experience of strategic leadership roles in a range of sectors including information technology, telecommunications, support services and industrial. He brings substantial international expertise in high growth environments.

Gary currently holds non-executive positions at companies including Rotork plc and Spirent Communications plc. Previously, he held senior executive positions at Logica plc, BT Group plc and IBM Corporation.

Mark Webster, CEO of Gooch & Housego, commented:

"I would like to thank Gareth, both personally and on behalf of G&H, for his wisdom and guidance as Chairman over the last 3 years and for his immense contribution to G&H's growth as a business over many years. All his friends and colleagues at the Company wish him well in his future endeavours.

"Gary Bullard brings extensive strategic and leadership experience drawn from roles at an impressive group of multi-national public corporations across a range of sectors. The Board looks forward to benefiting from his counsel and expertise as the Company moves forward into its next stage of development."

Gary Bruce Bullard (age 60 years) holds or has held the following directorships or partnerships in the past five years:

Current Directorships or Partnerships   Past Directorships or Partnerships

New Model Identity Limited                                 The Smart Cube Limited

Rotork plc

Spirent Communcations plc

Save as disclosed above, there are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to Gary Bullard's appointment.

For further information contact: -
Mark Webster / Andrew Boteler	Gooch & Housego PLC	01460 256440
Mark Court / Sophie Wills	Buchanan	020 7466 5000
Patrick Robb / David Anderson	Investec Bank plc	020 7597 5970

Notes to editors

1.     Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK with operations in the USA and Europe. A world leader in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors. World leading design, development and manufacturing expertise is offered across a broad range of complementary technologies.

2.     All financial information included in this announcement is sourced from unaudited management accounts and excludes any specific items. This announcement contains certain forward-looking statements that are based on management's current expectations or beliefs as well as assumptions about future events.  These are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which G&H operates.  It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results, and G&H's plans and objectives, to differ materially from those currently anticipated or implied in the forward-looking statements.  Investors should not place undue reliance on any such statements. Nothing in this announcement should be construed as a profit forecast.

 

END

 

 

BOABRBDDXSDBGRB