Rurelec PLC Directorate Change (2392M)
July 14 2014 - 7:46AM
UK Regulatory
TIDMRUR
RNS Number : 2392M
Rurelec PLC
14 July 2014
14(th) July 2014
Rurelec PLC
("Rurelec" or "the Company")
Board Changes
Rurelec PLC (AIM: RUR), the owner, operator and developer of
power generation capacity internationally announces today that Mr
Larry Coben, a Non-Executive Director of the Company, has resigned
from the Board of Directors effective 11(th) July 2014. He has
agreed to take up the Non-Executive Chairmanship of Cascade Hydro
Power SAC, Rurelec's Peruvian run of river hydroelectric power
generation company, which is looking to expand its operations in
Peru following successful PPA awards from the government of
Peru.
As a result of this change to the Rurelec Board the Audit,
Remuneration and Nomination Committees will now comprise:
-- Audit Committee - Brian Rowbotham (Chairman) and Colin Emson
-- Remuneration Committee - Brian Rowbotham (Chairman) and Colin Emson
-- Nomination Committee - Colin Emson (Chairman) and Brian Rowbotham
Commenting on the resignation, Peter Earl, Chief Executive
Officer said:
"Larry has had to step off the Rurelec Board as a result of his
other business commitments. We would like to thank him for his
support over a difficult period in the Company's history but we
look forward to continuing to work with him in Peru as we expand
our portfolio of hydroelectric developments in the country."
- Ends -
For further information please contact:
Peter Earl, CEO, Rurelec PLC Tel: 020 7793 5610
Ana Ribeiro, Head of Communications
Rurelec PLC
Paul Shackleton, Daniel Stewart Tel: 020 7776 6550
& Company Plc
James Joyce and Nick Field, Tel: 020 7220 1666
W. H. Ireland
This information is provided by RNS
The company news service from the London Stock Exchange
END
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