Directorate Change

RNS Number : 7033C

Optare PLC

04 September 2008

 



Optare Appoints Non-Executive Chairman

Optare plc (the 'Company') is pleased to announce that it has appointed existing Non-Executive Director, John Fickling, as its Non-Executive Chairman. Mr Fickling, who brings twenty-five years' experience in the bus industry, succeeds Roy Stanley, who has stepped down from his role as Executive Chairman to Non-Executive Director.

Chief Executive of Optare, Andrew Brian, said, 'Since our acquisition of Optare in July, we have grown into the UK's second largest bus manufacturer and have benefited hugely from Roy Stanley's chairmanship, during which he has been instrumental in our acquisition programme, AIM listing and initial integration phase.'

Mr Fickling added, 'I am delighted to have been appointed Non-Executive Chairman and look forward to working closely with our customers, business partners and employees to develop a stronger and more competitive business. We are making good progress in the appointment of additional non-executive directors, as referred to in our recent circular to shareholders, and expect to make a further announcement in this regard shortly.'

ENDS

Contacts:

Andrew Brian, CEO, Optare plc        [phone]

Mike Dunn, CFO, Optare plc

Lauren Jones                [phone]

MC2 (Financial PR)                

Stephen Keys/Camilla Hume        [phone]

Cenkos Securities plc

About Optare plc 

Optare plc is a leading name in the UK bus and coach industry. The company specialises in the design, manufacture and supply of single and double deck buses, coaches and smaller vehicles, and also offers a comprehensive after sales service. 

Optare plc was formed following the acquisition of Jamesstan Investments Ltd by Darwen Holdings plc on 14 July 2008. The company benefits from a comprehensive product offering, world-class skills including an in-house design capability, wide-ranging after sales ability with national reach and outstanding operational performance.

Optare's board comprises:

Andrew Brian, Chief Executive Officer

Mike Dunn, Chief Financial Officer

John Fickling, Non-Executive Chairman

Roy Stanley, Non-Executive Director

www.optare.com 

 

END

 

 

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