Hirco plc Directorate Change (7915T)
November 25 2013 - 1:01AM
UK Regulatory
TIDMHRCO
RNS Number : 7915T
Hirco plc
25 November 2013
25 November 2013
HIRCO PLC
(the "Company")
Board Restructuring
Hirco Plc has restructured its board of directors. Effective
immediately, Vikram Talwar and Eitan Milgram have resigned as
non-executive directors and David Burton has stepped down as
interim Chairman. John Chapman will replace Mr. Burton as Chairman
while Mr. Burton will continue to serve along with Peter Barge as a
non-executive director of Hirco Plc and chair the audit
committee.
Mr. Chapman noted:
"I would like to thank Mr. Burton for his service as interim
company chairman as well as thanking the two other retiring
directors for their service. I believe these changes in board
composition and roles will reduce costs and thereby aid the
Company's efforts to pursue its claims of fraud and other
misconduct against the Company's former Chairman, Niranjan
Hiranandani, and former CEO, Priya Hiranandani-Vandrevala."
For further information please contact:
IOMA Fund and Investment Management Limited Tel: +44 (0)1624 681250
Philip Scales
N+1 Singer Tel: +44 (0) 20 7 496 3000
James Maxwell/Nick Donovan
This information is provided by RNS
The company news service from the London Stock Exchange
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