Acal PLC Appointment of Chairman Designate (3548Q)
November 29 2016 - 2:01AM
UK Regulatory
TIDMACL
RNS Number : 3548Q
Acal PLC
29 November 2016
For Release
7.01 am, 29 November 2016
ACAL PLC
Appointment of Chairman Designate
Acal plc (LSE : ACL, "Acal" or "the Group"), a leading
international suppliers of customised electronics to industry, is
pleased to announce the appointment of Malcolm Diamond, MBE as
Non-Executive Chairman with effect from 1 April 2017. He will
succeed Richard Moon, who will step down from the Acal Board with
effect from 31 March 2017, having served as Non-Executive Chairman
since April 2005.
Malcolm joined the Acal Board as a Non-Executive Director on 1
November 2015. He is currently Non-Executive Chairman of Flowtech
Fluidpower plc and Executive Chairman of Trifast plc. Trifast has
announced that he will become Non-Executive Chairman from 31 March
2017.
Malcolm has considerable experience within ambitious and growing
businesses with an international customer base. He was previously
Managing Director of Trifast Plc (1984-2002), Senior Non-Executive
Director of Dechra Pharmaceuticals Plc (2000-2010) and a
Non-Executive Director of Unicorn AIM VCT plc (2004-2013).
On becoming Chairman of Acal, Malcolm will resign as a member of
the Audit Committee but become Chairman of the Nomination Committee
and a member of the Remuneration Committee.
Richard Moon, Non-Executive Chairman, commented:
"I am delighted that the Acal Board has appointed Malcolm
Diamond to succeed me as Chairman. His significant commercial
skills and leadership experience, gained from growing an
international business supplying manufacturing customers, will be a
valuable asset."
Malcolm Diamond, Chairman Designate, commented:
"On behalf of the Board, I would like to thank Richard for his
considerable commitment and valuable contribution to the Group over
the years. We wish him well for the future.
"I am honoured to be appointed Chairman and look forward to
working with Nick Jefferies and the rest of the Board as Acal
pursues its ambitious growth strategy."
There is no further information required to be disclosed
pursuant to Listing Rule 9.6.13 R.
For further information, please contact:
Acal plc 01483 544 500
Gary Shillinglaw---Group Company Secretary
Instinctif Partners 020 7457 2020
Helen Tarbet
James Gray
Notes to Editors:
About Acal plc
Acal is a leading international supplier of customised
electronics to industry. It designs, manufactures and distributes
customer-specific electronic products and solutions to 25,000
industrial manufacturers and is listed on the London Stock Exchange
(LSE: ACL).
Acal has two divisions: Design & Manufacturing and Custom
Distribution. The majority of its sales comes from products and
solutions which are created specifically for a customer. Acal works
across a range of technologies, namely Communications &
Sensors, Power & Magnetics, Electromechanical & Shielding,
Embedded Systems, and Photonics & Imaging.
Acal operates through the following wholly-owned businesses:
Acal BFi, Contour, Flux, Foss, Hectronic, MTC, Myrra, Noratel,
Plitron, RSG, Stortech and Vertec. It has operating companies and
manufacturing facilities in a number of markets, including the UK,
Germany, France, the Nordic region, Benelux, Italy, Poland and
Slovakia as well as in Asia (China, India, South Korea, Sri Lanka
and Thailand), North America (the US and Canada), and South
Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 29, 2016 02:01 ET (07:01 GMT)