Stadium Group PLC Directorate Change (9201N)
November 01 2016 - 3:00AM
UK Regulatory
TIDMSDM
RNS Number : 9201N
Stadium Group PLC
01 November 2016
Stadium Group plc
("Stadium", the "Company" or the "Group")
Directorate Change
Stadium Group plc (AIM: SDM), a leading supplier of wireless
solutions, power supplies and electronic assemblies, announces the
appointment of Rex Orton, ACA as Group Finance Director and Company
Secretary, with immediate effect.
Rex was previously Finance Director of Latchways plc
("Latchways"), the designer and manufacturer of fall protection
systems and access solutions. Latchways was listed on the Main
Market of the London Stock Exchange until its sale for GBP124m to
US listed MSA Safety Incorporated in October 2015. Rex was
appointed to the board of Latchways plc in April 1999 and during
his time with the company, held full board level responsibility
for, among other things, all aspects of Finance, Investor Relations
and IT. In addition, Rex had primary responsibility for the
execution and integration of several successful acquisitions.
Rex qualified as a Chartered Accountant with Coopers &
Lybrand and went on to become Group Financial Reporting Supervisor
at Exxon Chemical / Esso Petroleum in 1992. In 1996, Rex became
Financial Controller of Parker Bath Limited, a subsidiary of
Sunrise Medical Inc., a US medical products company, before joining
Latchways three years later.
Charlie Peppiatt, Chief Executive Officer of Stadium, said:
"We are delighted to welcome Rex to the Board as Group Finance
Director. Rex is an experienced listed company finance director
with an extensive appreciation of the exacting requirements facing
ambitious and growing global companies in the design and
manufacturing sectors. As we continue to increase the contribution
of our Technology Products division by converting our growing
forward order book, Rex's skill set will be particularly beneficial
in ensuring that Stadium continues to enhance operational and
financial robustness aligned to an enlarged international
entity."
Additional Information:
Rex Alastair Orton, aged 50, holds no shares in the Company and
other than as set out below there is no further information to be
disclosed under schedule 2(g) and Rule 17 of the AIM Rules in
respect of Mr Orton's appointment as a Director of the Company.
Rex is a director / partner or has been a director / partner of
the following companies / partnerships during the previous five
years:
Current directorships/partnerships Previously Director/Partner
in the last 5 years
None Latchways plc
For further information, please contact:
Stadium Group plc www.stadiuminvestors.com
Charlie Peppiatt, Chief Tel: 01189 311 199
Executive Officer
Walbrook PR Tel: 020 7933 8780 or stadium@walbrookpr.com
Paul McManus Mob: 07980 541 893
Helen Cresswell Mob: 07841 917 679
N+1 Singer Tel: 020 7496 3000
Sandy Fraser
Richard Lindley
About Stadium Group plc (www.stadiumgroupplc.com)
Stadium Group plc is a leading supplier of wireless solutions,
power supplies and electronic assemblies with design and
manufacturing operations in Europe and Asia. The Company consists
of two divisions:
1. Technology Products (57% of H1 2016 revenues)
-- Wireless solutions - design, integration and manufacture of
"machine-to-machine" ("M2M") and "Internet of Things" ("IoT")
wireless solutions
-- Power Supplies (including Stontronics) - custom and standard
power product solutions from 1W to 10kW
-- Human Machine Interface - intelligent "HMI" integrated solutions
2. Electronic Assembly (43% of H1 2016 revenues) - previously Electronic Manufacturing Services
-- Electronic manufacturing services to global original equipment manufacturers
This information is provided by RNS
The company news service from the London Stock Exchange
END
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