Macfarlane Group PLC Directorate Change (3161S)
October 02 2017 - 1:00AM
UK Regulatory
TIDMMACF
RNS Number : 3161S
Macfarlane Group PLC
02 October 2017
Macfarlane Group PLC
2 October 2017
Appointment of new Chairman
As previously announced, earlier this year the Chairman of
Macfarlane Group PLC ("Macfarlane Group"), Graeme Bissett,
indicated his intention to step down from the Board of Directors by
the end of 2017.
The Board of Macfarlane Group announces today that it has
appointed Stuart Paterson, as the new Chairman of Macfarlane Group
effective from 29 September 2017. The appointment follows a
recruitment process during which the Board considered both external
and internal candidates. Consequently, Graeme is stepping down from
the Board of Directors with effect from this same date.
Stuart Paterson joined the Board of Macfarlane Group on 1
January 2013 and is Chairman of the Audit Committee and a member of
the Remuneration and Nominations Committees. He is scheduled to
retire from his position as Finance Director with Forth Ports
Limited at the end of 2017. In addition to his Directorship of
Macfarlane Group he is also a trustee of the Royal Yacht Britannia
and a member of their Audit, Risk and Remuneration Committee. He
was previously Chief Financial Officer at Johnston Press plc, prior
to which he held a number of senior financial and general
management roles at Motorola and Aggreko PLC.
Stuart Paterson said:
"Graeme has been an extremely effective leader for his fellow
Board members. It is my privilege to take on the Chairman role at
Macfarlane Group and I look forward to building on his excellent
work."
Graeme Bissett said:
"I'm proud to have been given the opportunity to chair the Board
of Macfarlane Group through a successful period for the company and
its shareholders. I wish everyone associated with the company
continued success."
LEI: 213800LVRYDERSJAAZ73
This information is provided by RNS
The company news service from the London Stock Exchange
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