Torotrak PLC Directorate Change (1541W)
November 05 2014 - 2:00AM
UK Regulatory
TIDMTRK
RNS Number : 1541W
Torotrak PLC
05 November 2014
5 November 2014
Torotrak plc
("Torotrak" or the "Company")
Management Changes
The Board of Torotrak announces that John Weston, Chairman, has
stepped down as Chairman and is being replaced by Nick Barter,
currently the senior independent director. John will remain on the
board as the senior non-executive director.
Nick Barter said:
"Having led the Board since 2011, including through the
successful acquisition of Flybrid, John has made a major
contribution to Torotrak. The Board is delighted that he has agreed
to continue to serve and provide the Board with the benefit of his
experience as a non-executive director".
John Weston added:
"I believe that after nearly four years, this is the right
moment to hand over the Chairmanship to Nick, our senior
non-executive director. With Flybrid being part of Torotrak's
offering, market opportunities are opening up as we had hoped and I
believe that at this stage someone with Nick's automotive
experience is crucial for taking full advantage of this next phase
of the Company's development".
The strength of Torotrak and Flybrid together, and the breadth
of our CO(2) reducing technologies, is generating further
engagement with original equipment manufacturers and potential Tier
1 automotive supply partners. Overall the business is in a stronger
position than 12 months ago, with real progress towards revenue
generation on a number of new opportunities. We look forward to
providing a more detailed update at the time of the interim results
that are due to be released on 27 November 2014.
For more information, please visit www.torotrak.com or
contact:
Jeremy Deering, Chief Simon Hudson Marc Milmo
Executive
Rex Vevers, Finance Lulu Bridges Karri Vuori
Director Carl Holmes
Torotrak Plc Tavistock Communications Charles Stanley
Securities
Tel: +44 1772 900931 Tel: +44 20 Tel: +44 20 7149
7920 3150 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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