Mincon Group Plc Management Change (8838A)
January 27 2020 - 2:00AM
UK Regulatory
TIDMMCON
RNS Number : 8838A
Mincon Group Plc
27 January 2020
Mincon Group plc
("Mincon" or the "Group")
Management Change
Mincon (Euronext: MIO AIM: MCON) the Irish engineering group
specialising in the design, manufacture, sale and servicing of rock
drilling tools and associated products, announces that Peter Lynch,
Chief Operating Officer of the Group, has decided to step down from
the role in order to pursue other interests and to move closer to
his family in Dublin. Peter has agreed to be retained by the Group
as a consultant and will continue to provide specialist services to
the Group when required.
Peter initially joined the Group as Chairman in 2013, helping to
guide Mincon through its IPO, before taking up a full time,
executive role as Chief Operating Officer in 2015. Since taking on
this role, he has overseen transformational change in Mincon, both
at the corporate and operational levels. This stable foundation, at
all levels of the business, has formed the basis for the next
exciting stage in Mincon's development.
The role of Chief Operating Officer will not be retained. The
regional leaders, Jussi Rautiainen (Europe-Middle East), Martin Van
Gemert (Africa), Tom Purcell (Americas) and Steve Atkinson
(Asia-Pacific) will continue to report to Group CEO Joe Purcell,
who is supported by Mark McNamara as CFO.
Peter Lynch commented, "It has been a pleasure working at Mincon
and I wish my colleagues well as I depart to focus on other
interests. I have been delighted to play a key role in the IPO and
subsequent expansion and development of the Group in recent years
and it's been a privilege to work with the many talented people
that make up the Mincon team and who have contributed to making it
a world-class business. I look forward to continuing to advise the
Group in a consultancy capacity as needed and, as a substantial
investor in the Group, am confident the business will achieve even
greater successes in the future."
Joe Purcell, Chief Executive of Mincon commented, "I would like
to take this opportunity to thank Peter for his enduring
contribution to Mincon, and on a personal note, for his guidance
and help to me since my appointment as CEO in 2015. I am very
pleased that Peter will be maintaining his involvement in and
association with the Group as an advisor in a consulting capacity
for the coming years. On behalf of everyone here at Mincon, I wish
him well in his future endeavours outside of Mincon."
Ends
For further information,
please contact:
Mincon Group plc
Joe Purcell, Chief Executive Tel: + 353 (61) 361 099
Officer
Mark McNamara, Chief Financial
Officer
Davy Corporate Finance (Nominated Adviser and Euronext Growth
Advisor)
Anthony Farrell Tel: +353 (1) 679 6363
Daragh O'Reilly
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAFLFVLLIISFII
(END) Dow Jones Newswires
January 27, 2020 02:00 ET (07:00 GMT)
Mincon (LSE:MCON)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mincon (LSE:MCON)
Historical Stock Chart
From Jul 2023 to Jul 2024