Board Change
July 19 2010 - 2:00AM
UK Regulatory
TIDMELCO
RNS Number : 5177P
Eleco PLC
19 July 2010
19 July 2010
Eleco plc ("Eleco" or "the Company" or "the Group")
Board Change
Eleco announces that on 15 July 2010 David Dannhauser resigned as a Director of
the Company. He served as Finance Director since his appointment to the Board in
December 1994. On 2 February 2010, he gave the required 12 months' notice of his
resignation under the terms of his service contract and has now left the Board
by mutual consent.
John Ketteley commented: "I would like to thank David personally, both as a
colleague and as a shareholder, for all he has done for Eleco during his time
with the Company."
The Board has identified specific tasks that need to be addressed by the finance
role during the remainder of 2010 and has appointed Tim Sykes, an experienced
finance professional, as part time Interim Director of Finance to do so. The
Board will be appointing a full time Finance Director in due course but in the
meantime looks forward to working with Tim Sykes until the appointment of a full
time Finance Director is made.
There is no present intention to appoint Tim to the Board of Eleco.
Tim Sykes is currently a director of PROACTIS Holdings PLC, Avacta Group plc and
Penta Financial Direction Limited. Within the last five years, Tim Sykes was a
director of Charles Porter Holdings Limited, Mountain Warehouse Holdings Limited
and Altitude Group plc
In due course, the Company intends to publish on its website, www.eleco.com, a
complete list of the names of those subsidiaries of the above companies of which
Tim Sykes is or has been, within the last five years, a director.
There are no other matters that require disclosure under paragraph (g) of
Schedule 2 of the AIM Rules.
Enquiries:
Eleco plc
John Ketteley - Executive Chairman
+44 (0)1920 443830
Collins Stewart Europe Limited
Bruce Garrow
+44 (0)20 7523 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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