Board changes - Tim Rogers appointed CEO

RNS Number : 6327M

AB Dynamics PLC

17 October 2016

 

AB Dynamics plc

("ABD" or the "Company")

Board changes - Tim Rogers appointed CEO

AB Dynamics plc (AIM: ABDP) the designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry announces that on 17 October 2016 Tim Rogers, currently Managing Director of the Company, has today been appointed Chief Executive Officer. Tony Best, currently Executive Chairman will become Non-Executive Chairman. Tony wishes to take a slightly less active part in the Company, coupled with the fact that over the past 24 months Tim Rogers has been progressively moving into the CEO role. Tony will continue to provide expertise and support to the Company's development team.

Tony Best, Chairman said:

"With the Company in good shape, in which so much has been achieved in the past 30 years, most notably in the last 4 years since the Company listed on AIM and under a very capable management led by Tim, I have steadily been able to take a less active role in the Company. I will continue to provide support and assistance to the business, albeit on a reduced level."

For further information please contact:

AB Dynamics plc Tim Rogers, Chief Executive Officer Tony Best, Non-Executive Chairman	01225 860 200
Cairn Financial Advisers LLP (Nomad) Tony Rawlinson Liam Murray	0207 213 0170
Cantor Fitzgerald Europe (Broker) David Foreman Phil Davies	0207 894 7000
Newgate (PR) Adam Lloyd Helena Bogle	0207 653 9850

Overview of AB Dynamics plc

ABD is a leading designer, manufacturer and provider of advanced testing and measurement products for vehicle suspension, brakes and steering to the global automotive research and development sector. The Group was founded in 1982 and listed on AIM in May 2013. The Group is headquartered in Bradford on Avon employing approximately 80 staff. ABD currently supplies all of the top twenty automotive manufacturers, including Honda, Toyota, Ford and Volkswagen, who routinely use the Group's products to test vehicle safety and dynamics.

 

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