Trifast PLC 2017 Board change in April 2017 (5515O)
08 November 2016 - 7:01AM
UK Regulatory
TIDMTRI
RNS Number : 5515O
Trifast PLC
08 November 2016
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014. Upon the publication of
this announcement via the Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Tuesday, 8 November 2016
Trifast plc
('Trifast', the 'Company')
Board change in 2017
Statement from the Executive Chairman, Malcolm Diamond MBE
"Shareholders have already witnessed considerable growth in the
business over recent years and will recall that as part of our
initiatives to support our ongoing strategy, Mark Belton moved to
CEO and Clare Foster became CFO in October 2015.
Twelve months on, it is very encouraging to see that Mark and
Clare are already successfully delivering on their leadership
mandates and the key elements of their respective roles. In
partnership with fellow executives, Geoff Budd, Glenda Roberts, and
the wider Global Senior Management Team, this has created the right
configuration and skillset that further enhances the Team's
capabilities and contribution to the delivery of Trifast's
strategic goals into the future.
Having myself been involved in the business for over 35 years in
total and as Executive Chairman since 2009, I have seen the
challenges that the ever-changing landscape can bring to an
ambitious international operation such as Trifast. I am reassured
that under my Chairmanship, the Group has delivered record
half-year results in terms of sales, profit and dividend
growth.
The Group is in a strong position and so I now believe that it
is the right time for both the Company and myself to look to the
future. Therefore, I have agreed with the Board and Nomination
Committee that, with great pride, I can relinquish my executive
duties at the end of the current financial year and to become
Non-Executive Chairman from 1 April 2017. I look forward to
continuing to work with my colleagues in my new capacity.
Trifast has several interesting opportunities ahead. I am
confident that with the foundations solidly in place, the executive
team can take the business to its next level commercially while
continuing to drive performance and results for the benefit of all
stakeholders too."
Enquiries please contact: Editors' note: Trifast
Trifast plc plc LSE Premium Listing:
Mark Belton, Chief Executive Ticker: TRI
Officer
Neil Warner, Senior Independent About us: Trifast, leading
Director international specialists
Office: +44 (0) 1825 in the engineering, manufacturing
747630 and distribution of high
email: corporate.enquiries@trifast.com quality industrial fastenings
to major global assembly
industries.
Key sectors are automotive,
domestic appliances, electronics
and distributors. The
Group employs c.1,200
staff across 27 global
locations across the UK,
Europe, Asia and the USA.
For more information,
please visit
Group website: www.trifast.com
LinkedIn: www.linkedin.com/company/tr-fastenings
Twitter: www.twitter.com/trfastenings
Facebook: www.facebook.com/trfastenings
--------------------------------------------------
Peel Hunt LLP (Stockbroker
& financial adviser)
Justin Jones or Mike
Bell
Tel: +44 (0)20 7418 8900
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TooleyStreet Communications
(IR & media relations)
Fiona Tooley
Tel : +44 (0)7785 703523
email: fiona@tooleystreet.com
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This information is provided by RNS
The company news service from the London Stock Exchange
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November 08, 2016 02:01 ET (07:01 GMT)