Lamprell plc Directorate Change (0629D)
April 24 2017 - 2:01AM
UK Regulatory
TIDMLAM
RNS Number : 0629D
Lamprell plc
24 April 2017
24 April 2017
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
DIRECTORATE CHANGES
Lamprell (ticker: LAM), a leading provider of diversified
fabrication, engineering and contracting services to the onshore
and offshore oil & gas and renewable energy industries,
announces the following changes to the Board and senior management
of the Company.
Following a successful transition to the new CEO, Mr John
Kennedy has decided to stand down from his position as Executive
Chairman, and to resume his role as Non-Executive Chairman with
immediate effect. Mr Kennedy continues in his previous role as
Non-Executive Chairman and Director of the Company until he retires
fully from the Board on 20 September 2017, to allow for a smooth
handover of his responsibilities.
The Company would like to thank Mr Kennedy for the significant
contribution that he has made since his appointment as Chairman in
June 2012.
Ellis Armstrong, Senior Independent Director, Lamprell,
said:
"I would like to thank John for his service and dedication as
Chairman over the last 5 years. John's leadership of the Board and
strategic vision to create the opportunity we have through our
potential participation in the Maritime Complex in Saudi Arabia has
positioned the Company extremely well at a time of very challenging
market conditions."
John Kennedy, Non-Executive Chairman, Lamprell, said:
"I have decided that it is the right time for me to announce
that I am stepping down as Chairman. I am very proud of what the
Company has achieved since my appointment in 2012, despite the
difficult markets which we have encountered. I look forward to
helping the Board identify a suitable successor and to supporting
the Company's continued progress."
A search to find a new Non-Executive Chairman will commence
shortly and a further announcement will be made as appropriate.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
Enquiries:
Lamprell plc
John Kennedy, Non-Executive Chairman +971 (0) 4 803 9308
Christopher McDonald, Chief Executive
Officer +971 (0) 4 803 9308
Tony Wright, Chief Financial Officer +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
BOAIIMJTMBJTMFR
(END) Dow Jones Newswires
April 24, 2017 02:01 ET (06:01 GMT)
Lamprell (LSE:LAM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lamprell (LSE:LAM)
Historical Stock Chart
From Apr 2023 to Apr 2024