Equipmake Holdings PLC Appointment of new Chief Operating Officer (7607Z)
16 1월 2024 - 4:00PM
UK Regulatory
TIDMEQIP
RNS Number : 7607Z
Equipmake Holdings PLC
16 January 2024
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").
Equipmake Holdings plc
("Equipmake" or the "Company")
Board Changes & Appointment of new Chief Operating
Officer
Equipmake, the UK-based engineering specialist pioneering the
development and production of electrification products across the
automotive, aerospace, bus, and coach industries, is pleased to
announce the appointment of Dr Nicholas Moelders as Chief Operating
Officer and Executive Director with immediate effect. Dr Moelders
will be working across the Company's international operations, with
a base in the U.S., and his appointment is intended to provide
further support for Equipmake's global expansion plans, targeting
key electrification markets. He will take over from Mr James
Bishop, who is stepping down from his position as Chief Operating
Officer and Director of the Board with immediate effect. The Board
would like to thank Mr Bishop for his contributions and wish him
the best for the next stage of his career.
Dr Moelders has extensive experience across the electrification
sector and has held a number of senior executive roles with
prominent industry leading organisations. For the past seven years,
Dr Moelders has held key managerial leadership roles at Sensata
Technologies, a $4bn company with 21,000 employees that develops
electrification products and power conversion solutions across
industrial, aerospace and automotive markets. During his tenure at
Sensata Technologies, he worked as both Vice President of
Electrification Strategy and latterly Vice President and General
Manager of Clean Energy Solutions. Prior to his roles at Sensata
Technologies, Dr Moelders also held Vice President and senior
leadership roles at blue-chip and mid-cap engineering and
technology companies including Cummins Power Generation, a global
leader in the power generation industry, and latterly with battery,
charger and power solutions supplier, Inventus Power.
Ian Foley, CEO of Equipmake, commented: "Nick is a pre-eminent
figure in the electrification industry and I am delighted to
announce his appointment as Chief Operating Officer. Nick brings
with him over two decades of experience in the sector and
importantly, given his expertise and global network, including
within our key market in the U.S., he will provide access to
substantial and rapidly growing North American electrification
markets. Furthermore, his presence as an executive director on the
board is intended to provide further high-level support and
strategic insights as Equipmake continues to deliver on its
ambitious growth strategy."
Disclosures required pursuant to Rule 4.9 of the Aquis Growth
Market Apex Rulebook
Dr Moelders has no current or previous directorships to declare.
He does not hold any securities issued by the Company.
Save as set out in this announcement there are no further
details to be disclosed in connection with the appointment of Dr
Moelders as a director of the Company pursuant to Rule 4.9 of the
Aquis Growth Market Apex Rulebook.
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Tel: +44 (0) 20 7886
Broker) 2500
James Sinclair-Ford / Freddie Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker) Tel: +44 (0) 20 3005
Simon Barton / Simba Khatai / Alex Cabral 5000
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236
Susie Geliher / Paul Dulieu 1177
equipmake@stbridespartners.co.uk
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the
development and production of electrification products to meet the
needs of the automotive, aerospace and other sectors in support of
the transition from conventional fossil-fuelled to zero-emission
powertrains.
Equipmake is a leader in ultra-high performance electric motors
and complete EV drivetrains and ultra-fast power electronic
systems. As well as developing proprietary technology - such as an
ultra-compact, lightweight high performance spoke motor - it also
offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution
providing fully bespoke solutions. The Company has built a
significant pipeline of opportunities, as demand for electric
vehicles increases as part of the global decarbonisation
movement.
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END
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