Directorate Change

RNS Number : 4713T

Somero Enterprises Inc.

06 October 2014

 

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

Directorate change

Somero announces that over the weekend Michael Niemela has requested to the Board retirement from the Company and from his position as CFO and Executive Director, for personal reasons. Mike will continue to fulfil his duties under the terms of his contract for the next 90 days whilst the Company conducts a search for his successor but will be stepping down as an Executive Director with immediate effect.

Jack Cooney, CEO, said:

"It is with great regret that we have accepted Mike's surprise early retirement. He has been a very valuable colleague for many years and in particular has helped me build Somero into the strong position it is in today. However, we also recognise that our success, particularly in the last couple of years, has placed increasing demands on his time and that with pressing family matters to deal with his priorities must now lie elsewhere.

"September has been another good month of trading for Somero, very much in line with the comments we made when reporting interim results on 8 September 2014, when we said we were confident Somero will deliver another strong year of growth. We therefore continue to expect Somero to deliver both good growth this year and over the longer term as we execute our five year plan."

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

 

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