600 Group PLC Board Changes (4707K)
September 02 2021 - 1:00AM
UK Regulatory
TIDMSIXH
RNS Number : 4707K
600 Group PLC
02 September 2021
The 600 Group PLC
("600 Group" or "the Group")
Board Changes
2 September 2021
The 600 Group plc, the diversified industrial engineering
company (AIM: SIXH), is pleased to announce that Donald Haselton
and Todd Riggs have been appointed as Non-Executive Directors of
the Group with effect from 2 September 2021.
Don has over 20 years' experience in the industrial engineering
sector and has worked in varying roles within the Group since 2006.
He is currently, and will remain, the President of 600 Group Inc.
and the Managing Director of the Industrial Laser Systems Division
of the Group.
Todd has worked in varying roles within the industrial
engineering sector since 2005. He is currently a Partner in 5
engineering businesses, including reusable plastic cup producer
r.Cup LLC and industrial wipe manufacturer Sellars Absorbent
Materials Inc. He also owns his own strategic, financial, and
operational consulting business, Riggs & Associates, alongside
his wife.
Stephen Rutherford, who has been a 600 Group Non-Executive
Director since 2007, will be retiring after the upcoming annual
general meeting. The 600 Group board is extremely appreciative of
Steve's contribution to the business over the last 14 years and
that he leaves the Group in a strong position as it heads into a
new chapter.
Along with the above changes to board level management the 600
Group plc board is assuming a purely supervisory, strategic and
stewardship role and engaging 600 Group, Inc, a wholly owned
subsidiary, to fully manage day to day operations. In that regard,
Paul Dupee will transition to a Non-Executive Chairman role of the
plc but continue as Executive Chairman of 600 Group Inc. Derek
Zissman will continue as Senior Independent Director and chair of
the Audit Committee, with Stephen Fiamma continuing as chair of the
Remuneration Committee. Neil Carrick will continue as Corporate
Secretary.
Paul Dupee, Chairman, said:
"It has been a great pleasure to know and work with Steve for
many years and we have benefited greatly from his contribution. We
will very much miss his experience and wise council and wish him
all the best for the future. At the same time, we are delighted to
welcome Don and Todd to the Board and look froward to working with
them as we enter the next stage of the Group's development".
Regulatory Disclosures:
In accordance with Rule 17 and Schedule 2(g) of the AIM Rules
for Companies, Donald James Haselton, aged 68, and Todd Walter
Riggs, aged 51, have held the following directorships and
partnerships in the past five years:
Donald Haselton:
Current Directorships / Partnerships Directorships held in the past
five years
600 Group Incorporated 600 Group Equipment Limited
Clausing Industrial Incorporated Commercial Industrial Incorporated
Control Micro Systems Inc.
TYKMA Electrox, Inc
Todd Riggs:
Current Directorships / Partnerships Directorships held in the past
five years
Riggs & Associates Brown Machine Group LLC
US Greenfiber Compass Health
Sellars Company
r.cup LLC
Blue Team Co-Investors L.P
SES Foam LLC
GF Investors LLC
-------------------------------
Neither Donald nor Todd currently hold any ordinary shares in
the Company.
ENDS
Enquiries:
The 600 Group PLC
Paul Dupee, Executive Chairman Tel: +1-407-818-1123 / 01924 415000
Neil Carrick, Company Secretary
Instinctif Partners Tel: 0207 457 2020
Tim McCall
Cenkos Securities plc (Nominated Adviser and Broker) Tel: 020 7397 8900
Ben Jeynes / Max Gould (Corporate Finance)
Alex Pollen / Henry Nicol (Sales)
About The 600 Group PLC
The 600 Group PLC is a distributor, designer and manufacturer of
industrial products with three principle areas of activities:
Machine Tools
The business has a strong reputation in the market for metal
turning machines. Products range from small conventional machines
for education markets, CNC workshop machines and CNC production
machines. Selected outsourcing partners support the manufacturing
of these machines and they are marketed through the Group's wholly
owned international sales organisation and a global distribution
network.
Precision Engineered Components
Machine spares are distributed to customers globally to help
maintain the installed base of group machines which number in
excess of 100,000. Additionally, work holding products are sold via
specialist distributors to OEMs, including other machine
builders.
Industrial Laser Systems
Industrial laser systems cover laser marking and processing
including cutting, drilling, ablation and a host of other niche
applications in the marking and micro machining sectors. They
require no consumables and can operate on a continuous high speed
basis and can be integrated into customers' production lines. The
businesses have their own technology and proprietary software.
Customer applications are diverse and range from aerospace to
medical and pharmaceuticals. The requirement for increased product
and component traceability is one of the market drivers.
More information on the Group can be viewed at:
www.600group.com
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END
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