31 May
2024
LPA Group
plc
("LPA", the "Company" or the
"Group")
Directorate Change - CEO
Resignation
LPA Group plc, the innovation-led
engineering specialist in electronic and electro-mechanical
components and systems, announces that Paul Curtis has stepped down
as Chief Executive Officer and a Board member of the Group with
effect from today. Paul will remain as an employee of the Group
until 31 July 2024.
Paul joined the Group in 1988 and
has held a number of senior positions including Chief Operations
Officer before taking on the role of CEO in April 2020. He
has been a key part of LPA's journey for more than ten
years.
Robert Horvath, Chairman said:
"We would like to thank Paul for
his leadership and stewardship over the last few years. It has been
a highly challenging marketplace given he succeeded as our CEO at
the start of Covid times. Paul guided the Group through a difficult
period. Paul has recruited some great people and brought in new product lines to help us
diversify the Group and we are grateful for that work. We
wish Paul well in his future endeavours.
The process of recruiting a successor has commenced and
further announcements will be made as appropriate. Paul will
support the Group as an employee for the next two months. Gordon
Wakeford, our Non-Executive Director and Chair of the Remuneration
Committee, will assume the Chair role of the Executive Committee in
the short term. Our three businesses each have a Managing
Director in place and with the Board's support, they will continue
to drive their individual businesses forward."
For
further information, please contact:
|
LPA
Group plc
Robert B Horvath, Chairman
Stuart Stanyard, Chief Financial
Officer
|
Tel: +44 (0) 1799 512800
www.lpa-group.com
|
|
Cavendish Capital Markets Limited (Nominated Adviser & Broker)
Corporate Finance
Ed Frisby / Abigail Kelly
Corporate Broking
Tim Redfern
|
Tel: +44 (0) 20 7220 0500
|
|
Hudson Sandler (Financial
PR)
Dan de Belder
Nick Moore
Francesca Rosser
|
Tel: +44 (0) 20 7796 4133
|
About LPA
LPA Group plc (AIM: LPA) is an
innovation-led engineering specialist in electronic and
electro-mechanical components and systems.
Focused on transport (rail and
aviation), defence, infrastructure and industrial markets and
supplying into hostile and challenging environments, LPA is known
for engineering solutions to improve product reliability, reducing
maintenance and life cycle costs.
The Group has three sites across the
UK, selling to customers in the UK and overseas. Two of these are
design and manufacturing sites: LPA Connection Systems -
electro-mechanical systems for rail, aviation and industrial, and
LPA Lighting Systems - LED lighting and electronic systems for rail
and infrastructure. The third site is LPA Channel Electric - a
value added distributer of engineered components for rail,
aerospace, and defence.
With over 160 years of UK design and
manufacture, and with origins in the first ever light installed in
'Electric Avenue', Brixton; innovation is core to LPA and to the
products and services supplied to our customers
worldwide.
For more information
visit www.lpa-group.com
The information contained within this
announcement is deemed to constitute inside information as
stipulated under the Market Abuse Regulations (EU No. 596/2014)
which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.