Hardide PLC Resignation of Non-Executive Chairman (8452K)

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RNS Number : 8452K

Hardide PLC

10 May 2022

10 May 2022

Hardide plc

("Hardide", "the Group" or "the Company")

Resignation of Non-Executive Chairman

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, announces that Robert Goddard has informed the Group of his intention to resign from his position as Chairman of the Board.

To ensure a smooth transition, Robert will remain as Chairman while the search process for a successor is underway. The announcement of a successor will be made in due course.

Robert Goddard, Chairman of Hardide plc, said:

"Taking account of my increasing commitment to other companies, I now have the confidence to step aside as Chair, albeit with sadness. I leave the Group with a strong and highly capable management team led by Philip Kirkham, and technical team led by Yuri Zhuk, together with a competent, loyal and eager staff. Hardide is an extremely well-managed business and I have high confidence in the prospects of the Group."

Philip Kirkham, CEO of Hardide plc, said :

"Robert has had a long and successful history with Hardide over the 14 years since he became Chairman. He has steered the Company through two recessions and a pandemic; culminating in good revenue growth and a stable financial position. The Group has been transformed throughout his stewardship due to his invaluable strategic leadership, expertise and diligence. Particularly, I would like to thank Robert for his support and guidance given to me over the years and he leaves with the profound thanks and best wishes from the Hardide Board and staff."

 
 
  Enquiries: 
Hardide plc 
 Robert Goddard, Non-Executive Chairman         Tel: [phone] 
 Philip Kirkham, CEO                                              830 
 Jackie Robinson, Communications Manager 
IFC Advisory                                     Tel: [phone] 
 Graham Herring                                                  6630 
 Tim Metcalfe 
 Florence Chandler 
finnCap - Nominated Adviser and Joint Broker    Tel: [phone] 
 Henrik Persson/ Abigail Kelly (Corporate                         500 
 finance) 
 Richard Chambers (ECM) 
 
  Allenby Capital - Joint Broker                 Tel: [phone] 
  Tony Quirke - Sales and Corporate Broking                      5656 
  Jeremy Porter - Corporate Finance 
 

Notes to editors:

www.hardide.com

Hardide develops, manufactures and applies advanced technology tungsten carbide/tungsten metal matrix coatings to a wide range of engineering components. Its patented technology is unique in combining in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life, particularly when applied to components that operate in very aggressive environments. This results in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in the energy sectors, valve and pump manufacturing, industrial engineering and aerospace industries.

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May 10, 2022 03:41 ET (07:41 GMT)