Chemring Group PLC APPOINTMENT OF CHAIRMAN-DESIGNATE (5691V)
19 4월 2016 - 3:01PM
UK Regulatory
TIDMCHG
RNS Number : 5691V
Chemring Group PLC
19 April 2016
19 April 2016
Chemring Group PLC
("Chemring" or "the Group")
Appointment of Non-Executive Director and Chairman-Designate
Chemring is pleased to announce the appointment of Carl-Peter
Forster as an independent non-executive director and
Chairman-designate. He joins the Board with effect from 1 May 2016
and will succeed Peter Hickson as Chairman of the Board following
Peter's retirement on 1 July 2016.
Carl-Peter Forster (61) is a highly accomplished senior
executive, who has extensive experience within the industrial goods
and engineering sectors, including senior leadership positions in
some of the world's largest automotive manufacturers including BMW,
GM and Tata Motors.
Carl-Peter is currently a non-executive director of Rexam PLC,
IMI plc and Cosworth Ltd. He is also Chairman of the London Taxi
Company, a member of the Board of Volvo Cars Corporation, and a
member of the Board of Geely Automobile Holdings. From 2003 to 2006
he was a non-executive director of Rolls-Royce plc.
After graduating, Carl-Peter joined McKinsey, where he worked in
the automotive and aerospace sector. He joined BMW in 1986 and held
various leadership positions before being appointed as Managing
Director of BMW South Africa in 1996. In 1999 he was promoted to
the BMW Management Board and made responsible for worldwide
manufacturing. In April 2001 he became Chairman and Managing
Director of Adam Opel AG and Vice President of General Motors
Europe, then President of General Motors Europe and Chairman of the
Supervisory Board of Adam Opel AG in 2004. In 2006, following a
successful turnaround of General Motors' European operations, he
was appointed General Motors Group Vice President and a member of
General Motors' Global Automotive Strategy Board. He then became
Group Chief Executive of Tata Motors, responsible also for Jaguar
Land Rover, serving in this role until September 2011.
Peter Hickson, Chairman of Chemring, said: "I am delighted that
Carl-Peter has agreed to succeed me as Chairman. He is an extremely
experienced individual with a strong business track record, and I
am certain that he will do an excellent job leading the Board and
supporting the Company."
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
Andrew Jaques 3128 8100
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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April 19, 2016 02:01 ET (06:01 GMT)
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