Director Appointments and trading update

RNS Number : 8737X

Somero Enterprises Inc.

25 November 2014

 

Somero Enterprises, Inc ("Somero" or the "Company")

Director appointments and trading update

Somero is pleased to announce the appointments of Naveen ("Neil") Mathur (45) and Howard Hohmann (53) to the Board, effective immediately. Neil will join the Board as Chief Financial Officer and Howard will join as an Executive Director.

Both Neil and Howard join the Board from senior positions within Somero with Neil most recently acting as Corporate Controller while Howard will retain his role as Executive Vice President of Sales. Neil, as Corporate Controller since 2007, has worked alongside Mike Niemela and is working with Mike now on an orderly transition of responsibilities.

Jack Cooney, CEO, commented:

"I am delighted to welcome both Neil and Howard onto Somero's Board. Both Neil and Howard have been with Somero for a number of years and each has a deep understanding of both the Company and the wider industry, which will be of great value to the Board."

Trading update

Despite recent adverse weather conditions in the United States, particularly affecting the North East of the country, trading remains robust and, taking into account the positive construction backlog data recently released by Associated Builders and Contractors, Inc, the board remains confident in achieving full year expectations.

Enquiries:
Somero Enterprises, Inc                 Tel: [phone]
Jack Cooney, CEO
Canaccord Genuity Limited    Chris Robinson Piers Coombs Peter Stewart	Tel: [phone]

Neil Mathur is currently a director of Astro Tax Services LLC and Astro Property Management LLC and has not held any other Directorships in the previous five years.

Howard Hohmann currently holds no other directorships and has not held any other roles in the previous five years.

In addition, as required under Schedule Two paragraph (g) of the AIM Rules, Howard Hohmann and his wife filed for personal bankruptcy in 1997 in the State of Pennsylvania due to the closure of a business entity known as H.E. Hohmann Concrete Contractors, Inc.

Save for the declarations above there is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

 

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