Petards Group PLC Directorate Change (8137U)
August 03 2015 - 1:01AM
UK Regulatory
TIDMPEG
RNS Number : 8137U
Petards Group PLC
03 August 2015
Petards Group plc ('Petards' or 'the Company')
Directorate Change
In accordance with AIM Listing Rule 17 Petards Group plc, the
AIM quoted developer of advanced security and surveillance systems,
today announces that effective on 30 November 2015, Andy Wonnacott
has decided to step down as Group Finance Director and Company
Secretary and will retire from the Board.
Andy joined the Company as Group Finance Director in March 2005
and throughout his tenure has worked closely with the former CEO,
and for the past two years with the current Chairman, Raschid
Abdullah. Andy led the organisation through a period of substantial
change and financial restructuring and also led the commercial
negotiations with several major international train building
companies thereby greatly helping the Group to establish itself in
this area.
Commenting, Raschid Abdullah, Petards Chairman said;
"Throughout his ten years with Petards, Andy has been a valued
and committed member of the main board and management team. His
intimate knowledge of the business and his professionalism has been
a great help in Petards' reorganisation.
"He leaves the Company in good shape and well positioned for the
next phase of its development.
"On behalf of the Board and everyone at Petards, I thank Andy
for his outstanding contribution to the Group, given at times
against a background of challenging circumstances, and wish him
every success in his new endeavours."
**ENDS**
For further information:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
Andy Wonnacott, Finance Tel: 0191 420 3000
Director
WH Ireland Limited, Nomad www.wh-ireland.co.uk
and Joint Broker
Mike Coe, Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
St Brides Partners Ltd www.stbridespartners.co.uk
Elisabeth Cowell, Charlotte Tel: 020 7236 1177
Heap
Notes for Editors
Petards is a cash generative global supplier of products to
original equipment manufacturers ('OEMs'), system integrators and
end users in the rail, security and defence markets in new build,
refurbishment and retrofit applications. The Company delivers
ruggedised electronic solutions including video and sensor data
surveillance, radio communications and threat simulation systems on
mobile platforms. Petards offers a range of services, supporting
its own and third party systems, spanning custom development,
manufacturing, commissioning, maintenance and obsolescence
management. Further information on its three product areas is
included below:
Transport
Petards' market-leading eyeTrain technology provides leading
edge products for on-board train video and sensing solutions,
including Driver Only Operation Systems, Passenger Counting
Systems, Saloon and Drivers View Video and Condition Based
Monitoring. These systems have been chosen for installation on
thousands of rail vehicles around the globe, helping to reduce
operating costs, increase safety and improve passenger
satisfaction.
Emergency Services
Petards' ProVida is one of the world's leading in-car police
speed detection, surveillance and ANPR (Automatic Number Plate
Recognition) brands, comprising four components: In-Car Video,
Speed Enforcement, ANPR Systems and ANPR cameras. As well as
Petards' systems being used by many of the UK's police forces, the
brand has stretched to over 20 countries.
Defence
Petards provide a range of specialist engineering services to
the defence sector. The Company has established a strong reputation
for being a responsive, flexible and reliable partner in delivering
challenging military programmes. Petards excels in the disciplines
of Communications and Information Systems, Electronic
Countermeasure Systems, Ruggedised Electronic Control Systems and
in the provision of Engineering Services to UK MoD and other NATO
countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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