Synectics PLC Board Changes (7424B)
October 09 2015 - 2:00AM
UK Regulatory
TIDMSNX
RNS Number : 7424B
Synectics PLC
09 October 2015
For immediate release 9 October 2015
Synectics plc
("Synectics", "the Company" or "the Group")
Board Changes
Synectics plc (AIM: SNX), a leader in the design, integration,
control and management of advanced surveillance technology and
networked security systems, announces the following Board
changes.
Nigel Poultney, Finance Director, will be retiring from the
Company's Board, and from the role of Finance Director, at the end
of the current financial year on 30 November 2015. Nigel joined
Synectics in 1991 and was appointed Finance Director in 1997.
Following his retirement, Nigel will continue in the part-time role
of Company Secretary of Synectics, and as an advisor to the
Company, thereby ensuring a smooth and effective handover to his
successor.
On 1 December 2015, Mike Stilwell, currently Synectics' Group
Financial Controller, will be appointed to the Board and promoted
to the role of Finance Director. Mike joined Synectics in October
2012, after finance roles with the Saint-Gobain Group, Coventry
Building Society and the Caparo Group. He qualified as a Chartered
Accountant with KPMG in 2001.
David Coghlan, Chairman of Synectics, commented:
"Nigel Poultney has demonstrated quite exceptional skill,
integrity and commitment throughout his lengthy service at
Synectics, and has played a substantial role in the Group's growth
and development over that period. Whilst we are sorry that he has
now chosen to retire from full-time employment, I am delighted that
Nigel has agreed to make himself available on an ongoing part-time
basis to provide us with both a seamless transition and continued
access to his deep knowledge of our business.
"Since joining the Group, Mike Stilwell has taken on
increasingly senior responsibilities within Synectics' finance
department and across all of its operating businesses. On the basis
of observing his performance at first hand on a range of important
issues, the Board is confident he has all of the necessary
capabilities to make a strong contribution to the Group as Finance
Director. We are pleased to be able to make this appointment
internally in accordance with our succession plan."
For further information, please contact:
Synectics plc Tel: +44 (0) 1527 850 080
David Coghlan, Chairman www.synecticsplc.com
Paul Webb, Chief Executive
email: info@synecticsplc.com
Westhouse Securities Limited Tel: +44 (0) 207 601 6100
Tom Griffiths
Media enquiries:
Buchanan Tel: +44 (0) 207
466 5000
Mark Court / Sophie Cowles
email: synectics@buchanan.uk.com
AIM Rule 17
The following information is disclosed pursuant to Rule 17 and
Schedule Two paragraph (g) of the AIM Rules for Companies. Michael
James Stilwell, aged 39 years, holds, or has held, the following
directorships within the last 5 years:
Current Directorships Previous Directorships
A1 Presentations Limited A.& H.Jones & Co.Limited
Coex Limited AP Braking Limited
Falcon Equipment And Systems Limited Armstrong Screws & Fixings Limited
Fotovalue Limited Atlas Bolt (Darlaston) Limited
IES Integrated Electronic Systems
Limited BA Machining Limited
Integrated Environmental Systems
Limited Barton Aluminium Foundries Limited
Look CCTV Limited Barton Conduits Limited
Look Closed Circuit T.V Limited Barton Electrical Limited
Protec 2001 Limited Barton Engineering Limited
Protec Plc Barton Group Limited
Quadnetics Group Limited Barton Overseas Holdings Limited
Quadrant Research & Development Limited Barton Tubes Limited
C.M.T. Steels & Supplies (Northern)
Quadrant Video Systems Plc Limited
S D A Protec Limited C.M.T. Tubes & Fittings Limited
Sanpho Pension Trustees Limited Caparo (Tipton) Limited
SDA Network Solutions Limited Caparo Burton Limited
SDA Protec (2001) Limited Caparo Cradley Heath Limited
Sectronic (Marketing) Limited Caparo Fabrications Limited
Security Design Associates (1979)
Limited Caparo Forgings Limited
Software Developments (Digital Direct)
Limited Caparo Industries (LTI) Limited
SSS Managed Services Limited Caparo Management Services Limited
SSS Management Services Limited Caparo Pensions Trustees Limited
Stanmore Systems Limited Caparo Properties Limited
Synectic Systems Limited Caparo Tea Company Limited
Synectics Managed Services Limited Caparo Toys Limited
Synectics No. 2 Limited Caparo Tubes Limited
Synectics Technology Centre Limited Caparo Wire Limited
Clydesdale Engineering Limited
Clydesdale Forge Limited
CMT Dynamics Limited
CMT Engineering Insulation Limited
CMT Engineering Limited
Forest Fasteners Limited
Globaltech Group Limited
Material Measurements Contracts Limited
Material Measurements Group Limited
Materials Testing Services Limited
Midland Iron (Cradley Heath) Limited
Natural Gas Tubes Limited
NDIS Limited
Non-Destructive Inspection Services
Limited
Nupac Limited
Quest Inspection Limited
Rabco Industrial Inspection Limited
S.E.Bate (Harborne) Limited
Screw & Rivet Limited
Trutest (N.D.T.) Limited
Tube Fittings Limited
United Merchant Bar Limited
Whitehouse Hand Tools Limited
Wrexham Wire Company Limited
Mr Stilwell has the following interests in the Company's
ordinary shares of 20 pence each:
Beneficial Interest in Resultant % of Issued
Interests Share Schemes Total Interest Share Capital
----------- --------------- ---------------- ---------------
2,910 32,845 35,755 0.20
----------- --------------- ---------------- ---------------
Mr Stilwell has confirmed that there is no further information
in relation to his appointment which is required to be disclosed
pursuant to Schedule Two paragraph (g) of the AIM Rules for
Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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