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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Optare | LSE:OPE | London | Ordinary Share | GB00B2PGSY66 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.035 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMOPE
RNS Number : 8008P
Optare PLC
07 October 2013
Optare plc
("Optare" or the "Company")
Board Changes
Enrico Vassallo appointed to Board of Optare plc
Optare plc is pleased to announce the appointment of Enrico Vassallo to the Board of the Company in the role of Chief Executive Officer with effect from 7 October 2013. Per Gustav (known as "PG") Nilsson who has been acting as interim CEO since 1 January 2013 has stepped down from the Board at the same time. The Company would like to thank PG for his contribution to the Company over the last few years and wishes him well for the future. Glenn Saint continues in his role as Deputy CEO.
Mr Vassallo, 45, first joined the Company at the beginning of September 2013 as CEO of its principal operating company Optare Group Limited. Mr Vassallo joins the Company from FPT Industrial, the division of Fiat Industrial which develops and manufactures diesel engines, axles and transmissions for industrial applications, where he was the President responsible for the group's operations in Latin America. Prior to that Mr Vassallo held various senior management positions in Fiat bus division, IVECO Irisbus.
Yorkshire based Optare is one of Britain's leading bus makers and is 75% per cent owned by Ashok Leyland, which is among the top five global bus producers.
Speaking of his appointment to the Optare plc Board, Chairman John Fickling, said: "I am very pleased to welcome Enrico to the Board. He brings a wealth of international sales experience in the bus industry gained in several of the key markets that we are targeting as part of our strategic aim of developing a stronger export business.
Save as disclosed below there are no additional disclosures to be made in accordance with paragraph (g) of Schedule 2 of the AIM rules in relation to Enrico Vassallo.
Irisbus Italia *
FPT Industrial - Argentina *
FPT Industrial - Brazil *
*Past Directorships
For further information please contact:
Optare plc Tel: 08434 873 200
Glenn Saint - Deputy CEO
Cenkos Securities plc Tel: +44 (0) 20 7397 8900
Stephen Keys/Camilla Hume
This information is provided by RNS
The company news service from the London Stock Exchange
END
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