Renold PLC Appointment of Non-Executive Director (2504H)
November 14 2018 - 2:01AM
UK Regulatory
TIDMRNO
RNS Number : 2504H
Renold PLC
14 November 2018
Renold plc
("Renold", "the Company" or "the Group")
Appointment of Non-Executive Director
14 November 2018
Renold, a leading international supplier of industrial chains
and related power transmission products, is pleased to announce the
appointment of Tim Cooper to the Board as a Non-Executive Director
with effect from 14 November 2018. Tim will also be appointed to
the Audit Committee, the Remuneration Committee and the Nomination
Committee.
Tim has significant experience at senior levels of international
businesses in the industrial sector. Tim is currently an executive
director at Victrex plc and managing director of the Industrial
Division. Prior to joining Victrex in 2010, he held senior
leadership positions at Umeco Plc, Tellermate Plc and Avery Berkel
Ltd.
Tim's appointment forms a part of Renold's succession planning
process for the Board. It is intended that Tim will become Chairman
of the Remuneration Committee after he has completed 12 months
service. To facilitate a smooth handover period, it is proposed
that Ian Griffith's term of office as a Non-Executive Director be
extended beyond the usual nine-year tenure until the conclusion of
the 2020 AGM.
Mark Harper, Chairman of Renold plc commented:
"I am delighted to welcome Tim to the Group. His experience of
creating a customer focused, quality driven manufacturing business
with the inherent challenges presented by diverse global operations
will ensure that Tim adds real value to the Board.
"I also want to thank Ian for his invaluable contribution to the
demanding role as Remuneration Committee Chairman and am pleased
that he will remain a part of the Board to ensure a smooth
handover."
There are no further matters to be disclosed pursuant to
paragraph 9.6.13 of the Listing Rules of the UK Listing
Authority.
ENQUIRIES:
Renold plc 0161 498 4500
Robert Purcell, Chief Executive
Ian Scapens, Finance Director
Peel Hunt 0207 418 8831
Mike Bell
Sam Cann
Instinctif Partners 0207 457 2020
Mark Garraway
Rosie Driscoll
NOTES FOR EDITORS
Renold is a global leader in the manufacture of industrial
chains and also manufactures a range of torque transmission
products which are sold throughout the world to a broad range of
original equipment manufacturers and distributors. The Company has
a well deserved reputation for quality that is recognised
worldwide. Its products are used in a wide variety of industries
including manufacturing, transportation, energy, steel and
mining.
Further information about Renold can be found on the website at:
www.renold.com
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END
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