Lamprell plc Arrival of new CEO (4574L)
October 03 2016 - 2:00AM
UK Regulatory
TIDMLAM
RNS Number : 4574L
Lamprell plc
03 October 2016
3 October 2016
LAMPRELL PLC
("Lamprell" or "Company" and with its subsidiaries the
"Group")
ARRIVAL OF NEW CEO
Lamprell (ticker: LAM), a leading provider of diversified
engineering and contracting services to the onshore and offshore
oil & gas and renewable energy industries, announces that
Christopher McDonald has now taken up his role as Chief Executive
Officer (CEO) for the Group and as an executive director on the
Board. James Moffat, who has been in the role of CEO since March
2013, has stepped down but will continue to support Mr McDonald
full time until mid-November when he will take up his part-time
consultancy role. John Kennedy will continue in the role of
Executive Chairman until such time as the transition to the new CEO
has been completed, to ensure a smooth and orderly transition to
the new management.
John Kennedy, Executive Chairman, Lamprell, commented:
"On behalf of the Board I would like to welcome Mr McDonald into
the Group and I look forward to working closely with him. Lamprell
is entering a challenging period as it responds to the continuing
downturn in the market and I am confident that Mr McDonald's wealth
of experience in business development will help to re-position the
Company for renewed growth. I would also like to take the
opportunity to thank Mr Moffat for his significant efforts since
early 2013 which have re-established Lamprell's reputation for high
build quality, a world class safety record and for working
collaboratively with our clients."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
Enquiries:
Lamprell plc
John Kennedy, Executive
Chairman +971 (0) 4 803 9308
Christopher McDonald,
CEO +971 (0) 4 803 9308
Tony Wright, CFO +971 (0) 4 803 9308
Natalia Erikssen, Investor
Relations +44 (0) 7885 522989
Tulchan Communications,
London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
This information is provided by RNS
The company news service from the London Stock Exchange
END
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