Torotrak PLC Directorate Change (4900C)
January 19 2015 - 4:09AM
UK Regulatory
TIDMTRK
RNS Number : 4900C
Torotrak PLC
19 January 2015
19 January 2015
Torotrak plc
("Torotrak" or the "Group")
Directorate Change
Torotrak (LSE: TRK) today confirms that Jeremy Deering, Chief
Executive, will resign his position on or before 31 May 2015. This
intention was described in the Company's Half Year Report issued in
November 2014, since which time Jeremy has been providing
continuing support as part of an orderly hand over whilst the Board
identifies an appropriate successor.
Nick Barter, Chairman said:"On behalf of the Board, I would like
to thank Jeremy for his leadership of the Company over the last
three years and prior to that, for his role in securing the key
licensing arrangements that funded the Company to get to where it
is today".
For more information, please visit www.torotrak.com
For more information, please contact:
Torotrak plc
Nick Barter, Chairman / Rex Vevers, Finance Director
Tel: +44 1772 900931
Charles Stanley Securities (financial adviser and joint broker
to Torotrak)
Marc Milmo / Karri Vuori / Carl Holmes
Tel: +44 20 7149 6000
N+1 Singer (joint broker to Torotrak)
Ben Wright
Tel: +44 20 7496 3000
Tavistock Communications (financial PR)
Simon Hudson / Lulu Bridges / James Collins
Tel: +44 20 7920 3150 or +44 (0)7966 477256
Notes to editors
Torotrak is a leading developer and supplier of variable drive
transmission, engine boosting and kinetic energy recovery systems
for vehicles. Our portfolio of technology solutions substantially
improves fuel economy and reduces CO(2) emissions in vehicles
through harnessing the power of supercharging to enable engine
downsizing, capturing and recycling energy that would otherwise be
lost and managing the engine at the optimum point.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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