AB Dynamics PLC Directorate Change (0768G)
February 28 2018 - 2:02AM
UK Regulatory
TIDMABDP
RNS Number : 0768G
AB Dynamics PLC
28 February 2018
AB Dynamics plc
("ABD or the "Group")
Directorate Changes
Further to the announcement made by the Group on 9 August 2017,
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier
of advanced testing systems and measurement products to the global
automotive industry, announces that Tim Rogers, CEO, will be
leaving the Group on 28 February 2018.
Following Tim Rogers' departure, Tony Best, Non-Executive
Chairman will become interim Executive Chairman. With the recent
strengthening of both the operational management team and the Board
and Tony's long-term stewardship of the Group, the Directors
believe that AB Dynamics will continue to manage and drive its
growth until the arrival of a new CEO, which is expected to be in
the summer.
Tony Best, Chairman of AB Dynamics, commented: "I would
personally like to thank Tim for all his efforts over the last 5
1/2 years and as a Board we wish him well for the future. Tim
leaves having put in place a sound platform on which to continue
the Group's development and growth."
As in previous years, the Group will issue a trading update for
the six months ending 28 February 2018 on 28 March 2018.
For further information please contact:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Rob Hart, Chief Financial Officer
Cairn Financial Advisers LLP
(Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Richard Nash
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies
David Foreman
IFC Advisory (PR) 0203 934 6630
Tim Metcalfe
Heather Armstrong
Graham Herring
Overview of AB Dynamics plc
ABD is a leading designer, manufacturer and provider of advanced
testing and measurement products for vehicle suspension, brakes and
steering to the global automotive research and development sector.
The Group was founded in 1982 and listed on AIM in May 2013. ABD is
headquartered in Bradford-on-Avon employing approximately 130
staff. ABD currently supplies all of the top twenty automotive
manufacturers, including Honda, Toyota, Ford and Volkswagen, who
routinely use the Group's products to test vehicle safety and
dynamics.
This information is provided by RNS
The company news service from the London Stock Exchange
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