Pressure Technologies PLC Appointment of Chief Financial Officer (9054M)
January 17 2023 - 2:00AM
UK Regulatory
TIDMPRES
RNS Number : 9054M
Pressure Technologies PLC
17 January 2023
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Appointment of Chief Financial Officer
Pressure Technologies plc, (AIM: PRES), the specialist
engineering group, is pleased to announce the appointment of Steve
Hammell as Chief Financial Officer (CFO) of the Company. He will
join the Company and Board in the second quarter of this calendar
year.
Steve is currently CFO of Sheffield Forgemasters International
Ltd, a world leader in the manufacture of ultra-heavy forgings and
castings that serves a wide range of industry sectors, including UK
and international defence markets.
A Chartered Accountant with 29 years' experience, Steve has held
several financial leadership roles, including CFO of AIM-quoted
cyber security specialist, ECSC Group plc, and Group Finance
Director of international technology consultancy, eBECS Ltd.
Steve spent his early career with PwC, Yorkshire Bank and Grant
Thornton, where he worked on a wide range of M&A transactions.
A member of the Chartered Institute for Securities &
Investment, Steve holds a first class honours degree in Economics
& Management from the University of Leeds.
Further to the Company's announcement on 15 November 2022, James
Locking will be stepping down as Chief Financial Officer at the end
of February 2023. Recent management changes within the Company's
finance function and the addition of interim finance support will
help ensure the completion of ongoing projects, including the FY22
Audit, and a smooth transition.
Nick Salmon, Chair of Pressure Technologies commented:
"We are delighted that Steve will be joining the Company and
Board, where his considerable knowledge and experience will
contribute significantly to the development of the business.
The Board would like to thank James for his contribution and
service to the business over the past four years and wishes him
every success for the future. "
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules for Companies,
Stephen John Hammell (aged 49) is, or has been within the previous
five years, a director or partner of the following companies or
partnerships:
Current directorships/partnerships Past directorships/partnerships
Sheffield Forgemasters International Sheffield Forgemasters Share
Ltd Trustees Ltd
Sheffield Forgemasters Steel Sheffield Forgemasters Inc
Ltd ECSC Group plc
Sheffield Forgemasters Engineering ECSC Services Ltd
Ltd ECSC Labs Ltd
Vulcan SFM Ltd ECSC Australia Ltd
Sheffield Forgemasters RD26 ECSC Australia Pty Ltd
Ltd
Steel Propeller Ltd
----------------------------------------
There is no further information to be disclosed pursuant to
Schedule 2(g) of the AIM Rules for Companies.
Further announcements will be made in due course.
For further information, please contact:
Pressure Technologies plc Tel: 0330 015 0710
Chris Walters, Chief Executive PressureTechnologies@houston.co.uk
Singer Capital Markets (Nomad Tel: 0207 496 3000
and Broker)
Rick Thompson / Asha Chotai
Houston (Financial PR and Investor Tel: 0204 529 0549
Relations)
Kay Larsen / Ben Robinson
COMPANY DESCRIPTION
www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies
Group was founded on its leading market position as a designer and
manufacturer of high-integrity, safety-critical components and
systems serving global supply chains in oil and gas, defence,
industrial and hydrogen energy markets.
The Group has two divisions, Chesterfield Special Cylinders and
Precision Machined Components.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
-- Chesterfield Special Cylinders, Sheffield, includes CSC
Deutschland GmbH.
Precision Machined Components (PMC) - www.pt-pmc.com
-- Precision Machined Components includes the Al-Met, Roota
Engineering and Martract sites.
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END
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