AB Dynamics PLC Appointment of Chief Financial Officer (2025E)
04 Juli 2019 - 8:00AM
UK Regulatory
TIDMABDP
RNS Number : 2025E
AB Dynamics PLC
04 July 2019
For immediate release
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
4(th) July 2019
AB Dynamics plc
("AB Dynamics", the "Company" or the "Group")
Appointment of Chief Financial Officer
AB Dynamics (AIM: ABDP), the designer, manufacturer and supplier
of advanced testing systems and measurement products to the global
automotive market, is pleased to announce the appointment of Sarah
Matthews-DeMers as Chief Financial Officer and she will join the
Board with effect from 4(th) November 2019.
Currently Group Finance Director of Carclo plc, Sarah was
previously Director of Strategy and Investor Relations at Rotork
plc where she led a wide-reaching strategic review of all aspects
of the business. Prior to this she was Deputy Finance Director at
Avon Rubber plc ("Avon") where her responsibilities included
corporate reporting, investor relations, treasury, tax, M&A and
post-acquisition integration. During her time at Avon, Sarah was
part of the senior management team that transformed Avon from a
GBP60 million to a GBP350 million market capitalisation
company.
A Fellow of the Institute of Chartered Accountants with a
first-class honours degree in Accountancy Studies, Sarah began her
career at PricewaterhouseCoopers where she gained extensive
experience of working with a wide range of international
manufacturing and technology companies.
Sarah Matthews-DeMers said: "I am delighted to be joining AB
Dynamics at a time of significant development in the business and
to have the opportunity to help the Group deliver sustainable,
profitable growth."
Commenting on the appointment, CEO, Dr James Routh said: "I am
very pleased that Sarah will be joining AB Dynamics and
congratulate her on her appointment to this important leadership
role. Sarah brings extensive experience of financial management in
public company environments, investor relations and strategic
development. I am confident her expertise and judgement will prove
a real asset as we take advantage of the significant market
opportunities ahead."
Information disclosable under Rule 17 and Schedule Two paragraph
(g) of the AIM Rules for Companies
Sarah Matthews-DeMers (aged 43) does not hold any shares or
options in the Group. In the 5 years preceding the date of this
announcement, she held the following directorships and no
partnerships.
Current directorships Past directorships Current partnerships Past partnerships
Carclo plc Avon Rubber Pension None None
Jonas Woodhead Trust Limited
Limited
CTP Carrera Inc
Carclo US Holdings
Inc
-------------------- --------------------- ------------------
There is no further information regarding Sarah Matthews-DeMers
required to be disclosed under the AIM Rules.
Sarah has given formal written notice to resign as a director of
the aforementioned companies, such resignations being with effect
from 31 October 2019.
Enquires:
AB Dynamics plc 01225 860 200
Tony Best, Non-Executive Chairman
Dr James Routh, Chief Executive Officer
Cantor Fitzgerald Europe (Broker) 0207 894 7000
Phil Davies, David Foreman (Corporate Finance)
Caspar Shand Kydd, Keith Dowsing, Arthur
Gordon (Equity Sales)
Cairn Financial Advisers (Nomad) 0207 213 0880
Tony Rawlinson
Liam Murray
Richard Nash
Tulchan Communications 0207 353 4200
James Macey White
Matt Low
Deborah Roney
The person responsible for arranging the release of this
information is Dr James Routh, CEO of the Company.
Overview of AB Dynamics plc
AB Dynamics is a leading designer, manufacturer and provider of
advanced products for testing and verification of Advanced Driver
Assistance Systems ("ADAS") technology, autonomous vehicle
development and vehicle dynamics to the global automotive research
and development sector.
The Group is headquartered in Bradford-on-Avon, UK, employing
approximately 215 staff. AB Dynamics currently supplies all the top
automotive manufacturers, Tier 1 suppliers and service providers,
who routinely use the Group's products to test vehicle safety
systems 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
BOASSLSUEFUSEDW
(END) Dow Jones Newswires
July 04, 2019 02:00 ET (06:00 GMT)
AB Dynamics (AQSE:ABDP.GB)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
AB Dynamics (AQSE:ABDP.GB)
Historical Stock Chart
Von Jul 2023 bis Jul 2024