KBC Advanced Tech - Re Directorate
December 08 1997 - 2:34AM
UK Regulatory
RNS No 3679u
KBC ADVANCED TECHNOLOGIES PLC
8th December 1997
KBC Advanced Technologies plc
Board Changes
The Board of KBC Advanced Technologies plc ("KBC") is
pleased to announce that Michael Press has been appointed
full-time Deputy Chairman with effect from 8 December,
1997. The Board also announces that, due to personal
circumstances which arose post-flotation, Richard Davies,
Chairman, is not able to continue to provide his services
on a full time basis and, as a result, he will retire at
the Company's AGM in the Spring of 1998. At this time,
it is proposed that Michael Press would be appointed
Chairman.
Michael Press was appointed as a Non-executive Director
of KBC in February, 1997, prior to the flotation. He has
extensive knowledge of the oil refining industry having
held senior executive positions with a number of major
integrated oil companies including The Standard Oil
Company Inc., British Petroleum Plc and Amerada Hess.
His understanding of the market will be an invaluable
asset to the Company and the Board believes that he will
play a major role in guiding the successful expansion of
the business.
KBC is a global business with an extensive international
blue-chip client base. The flotation in March this year
was an important milestone in the company's development
and since that time it has further extended its client
base, winning significant contracts in the Far East and
Europe. The Group continues to perform in line with
expectations and will announce its preliminary results
for the year ended 31 December, 1997 in February 1998.
For further information please contact:
KBC Advanced Technologies plc
Richard Davies, Chairman 01932 856622
Square Mile Communications Ltd 0171 583 4567
Tim Jackaman/Rachel Gilman
END
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