RNS Number : 5515O
Trifast PLC
08 November 2016
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

Tuesday, 8 November 2016

 

Trifast plc

('Trifast', the 'Company')

Board change in 2017

 

Statement from the Executive Chairman, Malcolm Diamond MBE

"Shareholders have already witnessed considerable growth in the business over recent years and will recall that as part of our initiatives to support our ongoing strategy, Mark Belton moved to CEO and Clare Foster became CFO in October 2015.

Twelve months on, it is very encouraging to see that Mark and Clare are already successfully delivering on their leadership mandates and the key elements of their respective roles.  In partnership with fellow executives, Geoff Budd, Glenda Roberts, and the wider Global Senior Management Team, this has created the right configuration and skillset that further enhances the Team's capabilities and contribution to the delivery of Trifast's strategic goals into the future. 

Having myself been involved in the business for over 35 years in total and as Executive Chairman since 2009, I have seen the challenges that the ever-changing landscape can bring to an ambitious international operation such as Trifast.  I am reassured that under my Chairmanship, the Group has delivered record half-year results in terms of sales, profit and dividend growth.

The Group is in a strong position and so I now believe that it is the right time for both the Company and myself to look to the future.  Therefore, I have agreed with the Board and Nomination Committee that, with great pride, I can relinquish my executive duties at the end of the current financial year and to become Non-Executive Chairman from 1 April 2017.  I look forward to continuing to work with my colleagues in my new capacity.

Trifast has several interesting opportunities ahead. I am confident that with the foundations solidly in place, the executive team can take the business to its next level commercially while continuing to drive performance and results for the benefit of all stakeholders too."

 

 

Enquiries please contact:

Trifast plc

Mark Belton, Chief Executive Officer

Neil Warner, Senior Independent Director

Office:  +44 (0) 1825 747630

email: corporate.enquiries@trifast.com

Editors' note:

Trifast plc

LSE Premium Listing: Ticker: TRI

 

About us: Trifast, leading international specialists in the engineering, manufacturing and distribution of high quality industrial fastenings to major global assembly industries.

Key sectors are automotive, domestic appliances, electronics and distributors.  The Group employs c.1,200 staff across 27 global locations across the UK, Europe, Asia and the USA.

For more information, please visit

Group website: www.trifast.com

LinkedIn: www.linkedin.com/company/tr-fastenings

Twitter: www.twitter.com/trfastenings

Facebook: www.facebook.com/trfastenings

 

Peel Hunt LLP (Stockbroker & financial adviser)

Justin Jones or Mike Bell

Tel:  +44 (0)20 7418 8900

 

TooleyStreet Communications (IR & media relations)

Fiona Tooley

Tel :  +44 (0)7785 703523

email: fiona@tooleystreet.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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