Acal PLC Appointment of New Chairman (4919K)
April 17 2015 - 1:01AM
UK Regulatory
TIDMACL
RNS Number : 4919K
Acal PLC
17 April 2015
For Release
7.00am, 17 April 2015
Acal plc
Appointment of New Chairman
Acal plc (LSE: ACL, "Acal", "the Company" or "the Group"), a
leading international supplier of customised electronics to
industry, is pleased to announce the intended appointment of Nick
Salmon as Non-Executive Chairman with effect from the conclusion of
the 2015 Annual General Meeting ("AGM") on 29 July 2015. He is
expected to succeed Richard Moon, who will step down from the Board
upon the conclusion of the AGM, having served on the Acal Board
since September 2004 and as Non-Executive Chairman since April
2005.
Nick Salmon was appointed as a Non-Executive Director of Acal
with effect from 1 March 2015 and will put himself forward for
election as a Director of the Company at the 2015 AGM. He is also
Non-Executive Chairman of South East Water Limited, Senior
Independent Director of Elementis plc and a Non-Executive Director
of Interserve plc. Nick has held senior Executive positions in
several multinational companies including as Chief Executive of
Cookson Group plc and of Babcock International Group plc.
On becoming Chairman of Acal, Nick will also become Chairman of
the Nomination Committee and a member of the Remuneration
Committee.
Richard Moon, Non-Executive Chairman, commented:
"I am delighted that the Board intends for Nick Salmon to
succeed me as Chairman. His experience of leading international
industrial businesses will prove invaluable as Acal develops and
grows its Custom Distribution and Design and Manufacturing
businesses."
Nick Salmon commented, "I am excited by the growth opportunities
available to Acal and I look forward to working with Nick Jefferies
and the entire Board on the next stage of the Group's
development."
For further information please contact:
Acal plc 01483 544 500
Nick Jefferies - Group Chief Executive
Simon Gibbins - Group Finance Director
Instinctif 020 7457 2020
Mark Garraway
Helen Tarbet
Notes to Editors:
About Acal plc
Acal is a leading supplier of customised electronics to
industry. It designs, manufactures and distributes
customer-specific electronic products and solutions to 20,000
industrial manufacturers and is listed on the London Stock Exchange
(LSE: ACL).
Acal has two divisions: Custom Distribution and Design &
Manufacturing. The majority of its sales comes from products and
solutions which are either created uniquely for a customer or
sourced exclusively. Acal works across a range of technologies,
namely Communications & Sensors, Electromechanical, Imaging
& Photonics, Microsystems & Displays, and Power &
Magnetics.
Acal operates through the following wholly-owned businesses:
Acal BFi, Foss, Hectronic, MTC, Myrra, Noratel, RSG, Stortech and
Vertec. It has operating companies and manufacturing facilities in
a number of markets, including the UK, Germany, France, the Nordic
region, Benelux, Italy, Poland, Slovakia and Spain, as well as in
Asia (China, India, Sri Lanka and South Korea), the US and South
Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
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