Chemring Group PLC Directorate Change (6333R)
13 12월 2016 - 4:00PM
UK Regulatory
TIDMCHG
RNS Number : 6333R
Chemring Group PLC
13 December 2016
FOR IMMEDIATE RELEASE 13 DECEMBER 2016
CHEMRING GROUP PLC
APPOINTMENT OF GROUP FINANCE DIRECTOR
Chemring Group PLC ("Chemring" or "the Group") is pleased to
announce the appointment of Andrew Lewis as Group Finance
Director.
Until 30 November 2016 Andrew was Group Finance Director of Avon
Rubber p.l.c. ("Avon"), a role he held since September 2008. In
partnership with the former CEO, he was instrumental in the
turnaround and subsequent growth of Avon from a GBP10m to GBP300m
market capitalisation company. He has a strong track record of
consistent organic earnings growth and cash generation,
supplemented by technology driven M&A activity. In 2015 he
performed the Interim CEO role, following the retirement of the
previous CEO.
Andrew was awarded the Finance Director of the Year Award at the
Quoted Company Awards in 2016 and the Young Finance Director of the
Year Award at the ICAEW Financial Director's Excellence Awards in
May 2011. He also gained a wide range of international experience
as a Director at PricewaterhouseCoopers in Bristol and New Zealand
before joining Rotork p.l.c. as Group Financial Controller. He
holds a 1st Class joint honours degree in Mathematics and
Accounting from the University College of North Wales, Bangor and
is a Fellow of the ICAEW.
Andrew will join Chemring on 9 January 2017 and will join the
Board of Chemring on 19 January 2017, following publication of the
Group's final results for the year ended 31 October 2016. He will
take over from Andrew Davies, Deputy Group Finance Director, who
was appointed Interim Finance Director following the departure of
Steve Bowers on 30 September 2016.
Carl-Peter Forster, Chairman of Chemring, said:
"I am delighted to welcome Andrew to Chemring's Board. He has a
proven track record of success within our sector and enhancing
shareholder value.
Considerable work has been done in the past couple of years to
strengthen the Group's balance sheet and improve its financial
controls. Andrew's experience and drive will benefit the Group as
we seek to progress our operational and financial performance."
There are no other matters requiring disclosure under Listing
Rule 9.6.13.
-ENDS-
For further information:
Michael Flowers Group Chief Executive, Chemring Group PLC 01794 833901
Rupert Pittman Group Director of Corporate Affairs, 01794
833901
Chemring Group PLC
Andrew Jaques MHP Communications 020 3128 8100
John Olsen
James White
Notes to editors
-- Chemring is a global business that specialises in the
manufacture of high technology products and services to the
aerospace, defence and security markets
-- Employing approximately 2,700 people worldwide, and with
production facilities in four countries, Chemring meets the needs
of customers in more than fifty countries worldwide
-- 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, mission
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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December 13, 2016 02:00 ET (07:00 GMT)
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