CHG Chemring Group Plc

TIDMCHG

RNS Number : 4016Y

Chemring Group PLC

17 May 2016

17 May 2016

Chemring Group PLC

("Chemring" or "the Group")

Appointment of Non-Executive Director

Chemring today announces the appointment of Andrew Davies as an independent non-executive director. He will join the Board with immediate effect.

Andrew (age 52) brings a wealth of relevant sector experience, having served in senior roles at BAE Systems Plc for more than fourteen years. He is currently Chief Executive of Wates Group Ltd, a family-owned construction services and development company based in Leatherhead, UK, with annual turnover of approximately GBP1.25 billion.

Prior to joining Wates Group in January 2014, Andrew was Managing Director of BAE Systems' Maritime business, a major division of BAE Systems, managing a turnover in excess of GBP2 billion and with over 14,000 employees. Prior to this he held roles as Group Strategy Director, at which time he was appointed a member of the BAE Systems Executive Committee, and Managing Director of its Land Systems division.

Peter Hickson, Chairman of Chemring and Carl-Peter Forster, Chairman-Designate of Chemring, commented: "We are delighted to welcome Andrew to the Board of Chemring. He brings many years of relevant defence sector experience and will contribute significantly towards the further development of the Group. He joins the Board at an exciting time as Chemring emerges from a period of significant restructuring and as the defence sector shows positive signs of recovery."

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.

Carl-Peter Forster will succeed Peter Hickson as Chairman of the Board following Peter's retirement on 1 July 2016.

- 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 
 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

BOABIGDUDUBBGLL

(END) Dow Jones Newswires

May 17, 2016 02:01 ET (06:01 GMT)

Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024

Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024