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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lamprell Plc | LSE:LAM | London | Ordinary Share | GB00B1CL5249 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.88 | 8.78 | 9.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLAM
RNS Number : 0629D
Lamprell plc
24 April 2017
24 April 2017
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
DIRECTORATE CHANGES
Lamprell (ticker: LAM), a leading provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces the following changes to the Board and senior management of the Company.
Following a successful transition to the new CEO, Mr John Kennedy has decided to stand down from his position as Executive Chairman, and to resume his role as Non-Executive Chairman with immediate effect. Mr Kennedy continues in his previous role as Non-Executive Chairman and Director of the Company until he retires fully from the Board on 20 September 2017, to allow for a smooth handover of his responsibilities.
The Company would like to thank Mr Kennedy for the significant contribution that he has made since his appointment as Chairman in June 2012.
Ellis Armstrong, Senior Independent Director, Lamprell, said:
"I would like to thank John for his service and dedication as Chairman over the last 5 years. John's leadership of the Board and strategic vision to create the opportunity we have through our potential participation in the Maritime Complex in Saudi Arabia has positioned the Company extremely well at a time of very challenging market conditions."
John Kennedy, Non-Executive Chairman, Lamprell, said:
"I have decided that it is the right time for me to announce that I am stepping down as Chairman. I am very proud of what the Company has achieved since my appointment in 2012, despite the difficult markets which we have encountered. I look forward to helping the Board identify a suitable successor and to supporting the Company's continued progress."
A search to find a new Non-Executive Chairman will commence shortly and a further announcement will be made as appropriate.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
- Ends -
Enquiries:
Lamprell plc John Kennedy, Non-Executive Chairman +971 (0) 4 803 9308 Christopher McDonald, Chief Executive Officer +971 (0) 4 803 9308 Tony Wright, Chief Financial Officer +971 (0) 4 803 9308 Natalia Erikssen, Investor Relations +44 (0) 7885 522989 Tulchan Communications, London +44 (0) 207 353 4200 Martin Robinson Martin Pengelley
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAIIMJTMBJTMFR
(END) Dow Jones Newswires
April 24, 2017 02:01 ET (06:01 GMT)
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