Board Change

RNS Number : 1224B

Pressure Technologies PLC

28 January 2020

 

28 January 2020

Pressure Technologies plc

("Pressure Technologies" or the "Group")

Board changes

Pressure Technologies (AIM: PRES), the specialist engineering group, is pleased to announce that Tim Cooper today joins the Board of the Company as a Non-Executive Director.

Tim has significant experience at senior levels of international businesses in the industrial sector having spent the last 10 years at Victrex plc, a leading supplier of high performance polymer solutions, as managing director of the company's Industrial Division. Tim recently stepped down from the Victrex Board after serving seven years as an Executive Director, having announced his intention to retire in June 2020.  Prior to joining Victrex in 2010, he held senior leadership positions at Umeco Plc, Tellermate Plc and Avery Berkel Ltd developing his earlier international career with GEC, British Petroleum Plc and Land Rover.

In November 2018, Tim was appointed a Non-Executive Director of Renold plc and recently became chair of the company's remuneration committee.

Sir Roy Gardner commented:

"I am delighted to welcome Tim to the Group. His experience of growing customer focused, quality driven manufacturing businesses will ensure that he adds real value to the Board."

For further information please contact:

Pressure Technologies plc
Chris Walters, Chief Executive	Tel: [phone]
Joanna Allen, Chief Financial Officer	[e-mail]
N+1 Singer (Nomad and Broker)	Tel: [phone]
Mark Taylor / Lauren Kettle
IFC Advisory Ltd (Financial PR and IR)	Tel: [phone]
Graham Herring / Tim Metcalfe / Zach Cohen

Further information

In accordance with obligations under the AIM Rules Schedule 2(g), Timothy John Cooper, 60, holds or has held the following directorships in the previous five years:

Current directorships*	Past directorships
Renold plc	Aghoco 1491 Limited
	Invibio Device Component Manufacturing Limited
	Invibio Knees Limited
	Invibio Limited
	Juvora Limited
	Victrex plc
	Victrex Trading Limited
	Victrex Trustee Limited
	Victrex USA Holdings Limited
	Zyex Group Limited
	Zyex Limited
	Zyex Reclaim Limited

^*This list excludes a directorship from which Tim resigned in 2003 but for which the requisite corporate filings have yet to be completed by the relevant parties.

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.

The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.

Precision Machined Components (PMC) - www.pt-pmc.com

●     Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.

Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com  

●     Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH, which is based in Dorsten, Germany.

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