AB Dynamics PLC Directorate Change (4253P)
13 Februar 2019 - 8:00AM
UK Regulatory
TIDMABDP
RNS Number : 4253P
AB Dynamics PLC
13 February 2019
13 February 2019
AB Dynamics plc
("ABD" or the "Group")
Directorate Change
AB Dynamics plc (AIM: ABDP) the designer, manufacturer and
supplier of advanced testing systems and measurement products to
the global automotive industry, announces that Robert (Rob) Hart
has informed the Company of his decision to step down as Chief
Financial Officer ("CFO") and from the Board.
The Board has commenced a formal recruitment process for his
successor. Rob will continue to serve as CFO and remain a director
of the Company until 31 July 2019. A further announcement on the
transition will be made nearer the time.
Tony Best, Chairman of AB Dynamics, commented: "Rob has played a
significant role in the growth of ABD and, on behalf of the Board
and colleagues, I would like to thank him personally for his
contribution to the business. Rob joined the Company in 2008 and
has supported us through our successful IPO in 2013 and more
recently as we have diversified our product set to take advantage
of the significant opportunities in ADAS testing and simulation. I,
together with other members of the Board, wish him well for the
future."
Rob Hart, said: "I am very proud of the team's tremendous
success during my time at AB Dynamics; it has been a privilege to
be part of it. The Group has many opportunities and an exciting
future ahead of it however this is the right time for me to explore
new professional challenges. I would like to thank my colleagues,
Board and shareholders for their support throughout my time and
wish the Group every success for the future. I remain fully
committed to ensuring the continued success of AB Dynamics whilst
my successor is sought and during an orderly handover."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information please contact:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, CEO
Cairn Financial Advisers LLP
(Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Richard Nash
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies
David Foreman
Tulchan Communications (PR) 0207 353 4200
James Macey White
Matt Low
Deborah Roney
Overview of AB Dynamics plc
ABD is a leading designer, manufacturer and provider of advanced
testing and measurement products for vehicle suspension, brakes and
steering to the global automotive research and development sector.
The Group was founded in 1982 and listed on AIM in May 2013. ABD is
headquartered in Bradford-on-Avon employing approximately 180
staff. ABD currently supplies all of the top twenty automotive
manufacturers, including Honda, Toyota, Ford and Volkswagen, who
routinely use the Group's products to test Advanced Driver
Assistance Systems ("ADAS"), autonomous vehicles, vehicle safety
and dynamics.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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