Appointment of Finance Director

RNS Number : 9179A

Hardide PLC

27 January 2020

 

 

27 January 2020

Hardide plc

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

Appointment of Finance Director

Hardide plc (AIM: HDD), the developer and provider of advanced surface coating technology, is pleased to announce the appointment of Simon Hallam to the Board as Finance Director, with effect from 20 April 2020. He succeeds Peter Davenport who, as announced on 21 January 2020, will be stepping down from the Board to pursue a new career in education. To ensure an effective handover, Peter will remain with the Company for a short period after Simon joins.

Simon has over 20 years' experience in senior finance roles within industrial manufacturing and engineering companies. He joins from the Doncasters Group, a leading international engineering company, where he is currently Finance Director of the UK business in the Industrial Gas Turbine Division. Prior to that, he was with IMI plc for nine years as Finance Director of the UK business within the Precision Engineering Division. He was Company Secretary of IMI Precision Engineering Ltd for seven years and of Norgren Limited for five years. He will assume the role of Company Secretary of Hardide. Simon, who holds a BA (Hons) in Accountancy and is a Chartered Accountant, started his career with KPMG.

Robert Goddard, Chairman of Hardide plc commented:

"The Board is very pleased to welcome Simon to Hardide. He brings significant financial experience from relevant larger corporate manufacturing and engineering environments and we are confident he will be a valuable addition to the Board as the Company enters the next stage of its growth.

"The Board is very grateful to Peter for his dedication and we will be sad to see him depart. He has been a key player in the development of the Company over the past 15 years and we wish him well with his new career."

Enquiries:
Hardide plc Robert Goddard, Non-Executive Chairman Philip Kirkham, CEO Jackie Robinson, Communications Manager	Tel: [phone]
IFC Advisory - Financial PR and Investor Relations Graham Herring / Tim Metcalfe / Florence Chandler	Tel: [phone]
finnCap - Nominated Adviser and Joint Broker Henrik Persson / Matthew Radley	Tel: [phone]
Allenby Capital - Joint Broker Tony Quirke / Jeremy Porter / James Hornigold	Tel: [phone]

Notes to editors:

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 oil and gas exploration and production, valve and pump manufacturing, precision engineering and aerospace industries.

www.hardide.com

The following information is disclosed under AIM Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies:

Full name	Simon Andrew Hallam
Age	53
Hardide shares held	Simon does not have an interest in any Hardide shares
Current directorships:	N/A
Historic directorships from previous 5 years:	N/A
Grant of share options	The Board intends to issue share options on commencement of employment

No further information is required to be disclosed under AIM Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

 

END

 

 

BOASEIFMLESSEDF