Renold PLC Directorate Change (5522M)

TIDMRNO

RNS Number : 5522M

Renold PLC

12 May 2020

Renold plc

("Renold", the "Company" or the "Group")

Appointment of Group Finance Director

Renold, a leading international supplier of industrial chains and related power transmission products, is pleased to announce the appointment of James (Jim) Robert Haughey to the Board as the Group Finance Director.

Jim, aged 53, is currently UK Group Finance Director of Drive DeVilbiss Healthcare Limited, a manufacturer and global distributor of durable healthcare products.

Jim qualified as a Chartered Accountant in 1991 and has subsequently spent his career in senior finance roles across a range of industrial businesses including FKI, Bridon, Cosalt and Bodycote within line and central functions. He was Group Finance Director for AIM listed Mpac Group plc, the global supplier of high speed packaging and automation solutions.

Jim will replace Ian Scapens, who, as announced on 13 November 2019, resigned as the Group's Finance Director, and is expected to leave the business after the investor roadshow to present the 2019/2020 annual results. Jim's start date is still to be finalised and an update will be made in due course.

Mark Harper, Chairman of Renold plc commented: " I am delighted to welcome Jim to the Group. Jim is a high calibre appointment with a proven track record across a range of senior finance functions within global industrial businesses."

ENQUIRIES:

 
 Renold plc                         0161 498 4500 
 Robert Purcell, Chief Executive 
 Ian Scapens, Finance Director 
 
 Peel Hunt                          0207 418 8831 
 Mike Bell 
  Ed Allsopp 
 
 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

Disclosures required by Schedule Two, paragraph (g) of the AIM Rules for Companies:

 
 Current directorships                 Directorships held in the last 
                                        five years 
 Aquajoy Bathlifts Limited             Arista Laboratories Europe Limited 
  Doherty Medical Limited               Hartsvale Limited 
  Drive Devilbiss Healthcare Limited    Molmac Engineering Limited 
  Drive Devilbiss Sidhil Limited        Mpac Corporate Services Limited 
  Endres UK Limited                     Mpac Group Holdings Limited 
  Mountway Holdings Limited             Mpac Group plc 
  Mountway Limited                      Mpac ITCM Limited 
  Park House Healthcare Limited         Mpac Machine Company Limited 
  Siddall & Hilton Enterprises          Mpac Machinery Limited 
  Limited                               Mpac Overseas Holdings Limited 
  Siddall Medical Limited               Mpac Tobacco Machinery Limited 
  Sidhil Group Limited                  Thrissell Limited 
  Specialised Orthotic Services 
  Limited

Save as set out above, there are no further disclosures required pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

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END

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