Chemring Group PLC APPOINTMENT OF NON-EXECUTIVE DIRECTOR (1764R)
07 3월 2016 - 4:00PM
UK Regulatory
TIDMCHG
RNS Number : 1764R
Chemring Group PLC
07 March 2016
7 March 2016
Chemring Group PLC
("Chemring" or "the Group")
Appointment of Non-Executive Director
Chemring Group today announces the appointment of Daniel Dayan
as a non-executive director. He will join the Board with immediate
effect.
Daniel (52) has a wealth of senior level experience within the
engineering and manufacturing sector, including a number of
executive and non-executive roles. He is currently Chairman and CEO
of LINPAC Group, a EUR600 million leader in polymer-based fresh
food packaging, and is non-executive Chairman of the Nonwovens
Innovation and Research Institute Ltd.
From 2005-2013 Daniel was CEO of Fiberweb plc, a global,
speciality industrial textiles manufacturer. During his tenure he
led a turnaround of the business, major portfolio restructuring,
its demerger and LSE-listing, and a programme to strengthen the
balance sheet. In 2013, Daniel led Fiberweb's sale to a US
competitor, delivering excellent shareholder value.
Daniel holds a degree in engineering from Cambridge University,
and earlier in his career worked at ICI plc, Arthur D. Little Ltd
and Novar plc.
Upon his appointment to the Board of Chemring, Daniel will be
appointed as Chairman of the Remuneration Committee, in succession
to Ian Much.
Peter Hickson, Chairman of Chemring, commented: "I am delighted
to welcome Daniel to Chemring. Daniel brings significant experience
within the engineering and manufacturing sector, together with a
strong corporate track record, and I am confident that he will make
a valuable contribution to the development of the Group."
There are no further disclosures required to be made in
accordance with LR 9.6.13R of the Listing Rules of the UK Listing
Authority.
- ENDS -
Enquiries:
Chemring Group PLC
Group Director of Corporate +44 (0)1794
Rupert Pittman Affairs 833 901
MHP Communications
+44 (0)20 3128
Andrew Jaques 8100
John Olsen
James White
Cautionary statement
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical
or current facts. Forward-looking statements often use words such
as anticipate, target, expect, estimate, intend, plan, goal,
believe, will, may, should, would, could, is confident, or other
words of similar meaning. Undue reliance should not be placed on
any such statements because they speak only as at the date of this
document and, by their very nature, they are subject to known and
unknown risks and uncertainties and can be affected by other
factors that could cause actual results, and Chemring's plans and
objectives, to differ materially from those expressed or implied in
the forward-looking statements. There are a number of factors which
could cause actual results to differ materially from those
expressed or implied in forward-looking statements. Among the
factors that could cause actual results to differ materially from
those described in the forward-looking statements are; increased
competition, the loss of or damage to one or more key customer
relationships, changes to customer ordering patterns, delays in
obtaining customer approvals for engineering or price level
changes, the failure of one or more key suppliers, the outcome of
business or industry restructuring, the outcome of any litigation,
changes in economic conditions, currency fluctuations, changes in
interest and tax rates, changes in raw material or energy market
prices, changes in laws, regulations or regulatory policies,
developments in legal or public policy doctrines, technological
developments, the failure to retain key management, or the key
timing and success of future acquisition opportunities or major
investment projects. Chemring undertakes no obligation to revise or
update any forward-looking statement contained within this
announcement, regardless of whether those statements are affected
as a result of new information, future events or otherwise, save as
required by law and regulations.
Notes to editors
-- Chemring is a global business that specialises in the
manufacture of high technology products and the provision of
services to the aerospace, defence and security markets
-- Employing approximately 3,000 people worldwide, and with
production facilities in four countries, Chemring meets the needs
of customers in more than fifty countries
-- Chemring is now organised under three strategic product
segments: Countermeasures, Sensors & Electronics, and Energetic
Systems
-- Chemring has a diverse portfolio of products that deliver
high reliability solutions to protect people, platforms, missions
and information against constantly changing threats
-- Operating in niche markets and with strong investment in
research and development, Chemring has the agility to rapidly react
to urgent customer needs
www.chemring.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 07, 2016 02:00 ET (07:00 GMT)
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