Renold PLC Appointment of Non-Executive Director (9438F)
November 20 2020 - 2:00AM
UK Regulatory
TIDMRNO
RNS Number : 9438F
Renold PLC
20 November 2020
Renold plc
("Renold", the "Company" or the "Group")
Appointment of Non-Executive Director
20 November 2020
Renold, a leading international supplier of industrial chains
and related power transmission products, is pleased to announce the
appointment of Andrew Magson to the Board as a Non-Executive
Director with effect from 1 December 2020. Andrew will also be
appointed to the Audit, Remuneration and Nomination Committees.
Andrew, aged 54, has significant experience in senior finance
roles in multinational manufacturing businesses, most recently at
The Alumasc Group plc where he was the Chief Financial Officer from
2006 to 2020. He qualified as a Chartered Accountant in 1992 with
PwC before moving into industry at BPB Plc, where he became Group
Financial Controller.
Andrew's appointment forms part of Renold's succession planning
process for the Board. As previously announced, it is intended,
that following Mark Harper's resignation as Chairman of the Company
after the 2021 Annual General Meeting, David Landless will step
down as Chair of Audit Committee to take up the post of Chairman of
the Company. Subject to his re-election at the 2021 AGM, it is
proposed that Andrew will then be appointed Chairman of the Audit
Committee.
Mark Harper, Chairman of Renold plc commented:
"I am delighted to welcome Andrew to the Group and pleased that
the Board succession plan is progressing smoothly. He has highly
relevant manufacturing sector and board level financial experience,
including pension scheme management, and he will be an invaluable
addition to the Renold Board."
ENQUIRIES:
Renold plc 0161 498 4500
Robert Purcell, Chief Executive
Jim Haughey, Group Finance Director
Peel Hunt 0207 418 8831
Mike Bell
Ed Allsopp
Instinctif Partners 0207 457 2020
Mark Garraway
Rosie Driscoll
Disclosures required by Schedule Two, paragraph (g) of the AIM
Rules for Companies:
Current directorships Directorships held in the last five years
---------------------- ---------------------------------------------
None Alumasc Building Products Limited
Alumasc DD Limited
Alumasc Dispense Limited
Alumasc Interior Building Products Limited
Alumasc Limited
Alumasc Precision Limited
Benjamin Priest Limited
Blackdown Horticultural Consultants Limited
Doranda Limited
Elkington Gatic Limited
Levolux A.T. Limited
Levolux Limited
Roof-Pro Limited
Scaffold & Construction Products Limited
Sure-Foot Supports Limited
The Alumasc Group plc
The Green Building Products Company Limited
Timloc Building Products Limited
Wade Drainage Products LTD
Wade International (UK) Limited
Wade International Limited
Save as set out above, there are no further disclosures required
pursuant to Schedule Two, paragraph (g) of the AIM Rules for
Companies.
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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