Appointment of Director and Board transition

RNS Number : 3217G

Judges Scientific PLC

03 March 2015

 

JUDGES SCIENTIFIC plc

("Judges Scientific", "Judges" or the "Group")

Appointment of Director and Board transition

3 March 2015

Judges Scientific, the parent company of a group engaged in the design, manufacture and sale of scientific instruments, announces the appointment of Bradley Ormsby as an Executive Director and Group Finance Director designate, with effect from today.  Ralph Cohen will be standing down from his position as Group Finance Director on 30 April 2015 but will remain on the Board as a Non-Executive Director, thereby enabling the Company to continue to benefit from his insight and experience. 

Brad brings with him significant senior finance and operational experience acquired during nine years at PwC followed by six years at Eurovestech plc, the pan-European development capital fund, and associated companies. Brad played a primary role at Eurovestech through the provision of transactional and operational leadership to several technology businesses within the fund's portfolio. Prior to joining Judges Scientific, he was Chief Financial Officer at Kalibrate Technologies Plc, supplier of strategy and technology solutions to the global fuel retail industry (AIM: KLBT), where he was actively involved in the company's successful IPO. Brad is a Chartered Accountant, having qualified with PwC where he worked with a range of blue chip companies and small and medium-sized enterprises before joining Eurovestech.

It is the Board's intention to grant him options over a total of 60,000 Ordinary shares in the Company following publication of the 2014 financial results.

Commenting on the appointment, David Cicurel, Chief Executive Officer of Judges, said:

"On behalf of the Board and everyone at Judges Scientific, I wish to thank Ralph, a highly competent and delightful colleague, for his dedication and invaluable contribution to the Group's development. Ralph worked tirelessly in his role as Finance Director throughout a decade which saw Judges evolve from a £4 million fledgling enterprise into a £100 million specialist manufacturing Group. Fortunately, we can look forward to drawing on Ralph's experience and expertise in his new capacity as a Non-Executive Director.

"We are also delighted to welcome Brad Ormsby to the Board. I have every confidence that Brad's financial experience, together with his transactional and operational skill sets, will prove immensely beneficial to the Group as it continues to pursue its development strategy."

For further information please contact:

Judges Scientific Plc

David Cicurel, CEO

Tel: [phone]

Shore Capital (Nominated Adviser & Broker)

Pascal Keane

Edward Mansfield

Tel: [phone]

Cardew Group (Financial Public Relations)

Melvyn Marckus

Tel: [phone] or 07775 896 491

Regulatory Information

Bradley Leonard Ormsby, aged 39, currently holds, and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than of the Company:

Current Directorships

N/A

Past Directorships

Kalibrate Technologies plc

Knowledge Support Systems Licensing Limited

KSS Inc

Market Planning Solutions Inc (US)

MPSI KK (Japan)

MPSI Systems Canada Inc.

MPSI Systems Limited

Internet Pricing Limited

Shanghai MPSI Software Inc.

There are no other matters which are required to be announced under Rule 17 or Schedule Two, paragraph (g) of the AIM Rules.

 

END

 

 

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