Thorpe(F.W.) PLC Directorate Change (9548J)
July 03 2017 - 9:14AM
UK Regulatory
TIDMTFW
RNS Number : 9548J
Thorpe(F.W.) PLC
03 July 2017
3(rd) July 2017
F W Thorpe Plc (the "Company")
Directorate Changes
F W Thorpe Plc announces the following changes to the board
structure:
Mr Andrew Thorpe will step down as Executive Chairman and Joint
Chief Executive and take up a role as an Executive Director on a
part-time basis.
The position of Chairman and Joint Chief Executive will be
assumed by Mr Mike Allcock, currently Joint Chief Executive and
Managing Director of Thorlux Lighting, the largest company within
the Group. Mike has been responsible for driving the growth at
Thorlux for a number of years and will continue this role as well
as influencing product development and the adoption of new product
technology across the Group.
Mr Craig Muncaster will become Joint Chief Executive whilst
retaining the position of Group Financial Director. Craig has been
with the Group for over seven years and has recently led the
successful delivery of the acquisition strategy including the
notable success of integrating both the Portland and Lightronics
businesses in recent years.
Mr James Thorpe will become an Executive Director of the Group
and Business Development Director of Thorlux Lighting. James has
been with the Group since 2013 in the role of Business Development
Manager for Thorlux and has been responsible for securing a number
of high profile projects which have contributed to the growth of
revenue derived from the healthcare sector.
Andrew Thorpe, Chairman of F W Thorpe Plc said:
"There comes a time! The salmon, bass and the 18(th) beckon and
deserve a little more of my attention. I have enjoyed every moment
of my time at F W Thorpe Plc and hope to contribute more yet even
from my lower standing!
With the current executive team being responsible for delivering
the positive results we have seen over a number of years, this is
very much "business as usual". The structure outlined above has
served the Company well and resulted in the successful group we see
today."
The new board structure will be available on our website later
today.
Additional information in respect of James Thorpe:
James Edward Thorpe, aged 40, holds 1,371,450 ordinary shares in
the Company. There is no further information to be disclosed under
schedule 2(g) and Rule 17 of the AIM Rules in respect of James
Thorpe's appointment as a Director of the Company.
For further information, please contact:
F W Thorpe Plc
Andrew Thorpe - Chairman and Joint Chief Executive Tel: 01527
583200
Craig Muncaster - Group Financial Director
N+1 Singer - Nominated Adviser
Richard Lindley Tel: 020 7496 3000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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