Chamberlin PLC Directorate Change (6399W)
April 27 2021 - 01:00AM
UK Regulatory
TIDMCMH
RNS Number : 6399W
Chamberlin PLC
27 April 2021
27 April 2021
Chamberlin plc
("Chamberlin", the "Company" or the "Group")
Directorate Change
Chamberlin plc (AIM: CMH.L), the specialist castings and
engineering group, announced on 26 March 2021 the successful
completion of a GBP3.5m fundraise to provide additional working
capital and to fund the restructuring of the Group. The Board is
pleased to announce that it has made good progress with
restructuring.
As part of this restructuring the Company is also pleased to
announce that Mr Kevin Price is to be appointed as Group Chief
Executive. Mr Kevin Nolan will remain as Director of Chamberlin,
working with Kevin Price to ensure an orderly handover of
responsibilities, and he will retain responsibility for key
projects and client accounts.
Kevin Price has over 25 years' experience in automotive
manufacturing and joined Chamberlin in 2015. He is currently
Operations Director of the Group's Foundry and Machining Facility
and has been closely involved in the recent restructuring
plans.
Subject to satisfactory due diligence, it is expected that Kevin
Price will be appointed Chief Executive and will join the Board
with effect from 1 June 2021.
A further announcement will be made in due course.
Enquiries:
Chamberlin plc T: 01922 707100
Keith Butler-Wheelhouse, Chairman
Kevin Nolan, Chief Executive
Neil Davies, Finance Director
Cenkos Securities plc T: 020 7397 8900
(Nominated Adviser and Joint Broker)
Russell Cook
Katy Birkin
Peterhouse Capital Limited T: 020 7469 0930
(Joint Broker)
Heena Karani
Duncan Vasey
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END
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