GYG PLC Board Change - CFO Appointment (8782M)
19 September 2019 - 8:01AM
UK Regulatory
TIDMGYG
RNS Number : 8782M
GYG PLC
19 September 2019
19 September 2019
GYG plc
("GYG", the "Company" or the "Group")
Board Change - CFO Appointment
GYG (AIM: GYG), the market leading superyacht painting, supply
and maintenance company, announces that Kevin McNair, currently
Interim Chief Financial Officer, has been appointed to the Board as
Chief Financial Officer with immediate effect. This follows the
announcement on 31 July 2019 that Gloria Fernandez was stepping
down from the Board.
Kevin joined the Company on 11 March 2019 to ensure that there
was a smooth handover of responsibilities ahead of Gloria's planned
leave. Kevin has already developed a very strong and deep
understanding of GYG and has been an integral part of the team
since joining the Group.
Kevin has more than 25 years' experience in financial management
and capital markets. He has spent the past 15 years as finance
director/chief financial officer of various publicly quoted and
privately-owned businesses, most recently as interim CFO at
Ebiquity plc.
Stephen Murphy, Chairman of GYG plc, commented:
"On behalf of the Board, I am delighted that Kevin has agreed to
join the Board of GYG as permanent CFO. Since Kevin joined the
Group in March, he has embedded himself in the business and taken
on significant responsibilities and there is no doubt that his
experience and knowledge will be invaluable as we continue on our
growth journey."
The Company will announce its interim results for the six months
ended 30 June 2019 on 26 September 2019.
Additional Information
The following information is being disclosed pursuant to Rule 17
and paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Kevin Hayes McNair, aged 53, is, or has during the last five
years been, a director or partner of the following companies and
partnerships:
Current directorships/partnerships Former directorships/partnerships
within last five years
----------------------------------- --------------------------------------
AKC Management Services Limited Ebiquity plc
Rame Solar One Limited
Rame Energy plc
Nigel Wright Consultancy Limited
Nigel Wright Employment Services
Limited
Nigel Wright Group Holdings
Limited
Nigel Wright Group Limited
Nigel Wright International
Limited
Angel Mining plc
Nigel Consultancy Deutschland
Gmbh
Nigel Wright Consultancy APS
Nigel Wright Consultancy Espana
S.L.
Nigel Wright Consultancy Sweden
AB
Nigel Wright Consultancy Switzerland
Sarl
Nigel Wright Consultancy Netherlands
B.V.
Nigel Wright Consultancy Norway
AS
--------------------------------------
In addition to the above, Kevin McNair was:
-- appointed a Director of Boxwood Group Limited on 1 April
2003. On 15 December 2005, the business and assets of Boxwood Group
Limited were acquired by Boxwood Limited as part of a pre-pack
administration. There was no shortfall to creditors;
-- appointed a Director of Angel Mining plc on 24 May 2010. The
company was placed into administration on 1 March 2013 and
subsequently dissolved on 20 November 2018;
-- appointed a Director of Rame Energy plc on 22 January 2015.
The company was placed into administration on 5 August 2016;
-- appointed a Director of Rame Solar One Limited on 10 August
2016. The company was placed into administration on 11 August 2016
and subsequently moved to creditors voluntary liquidation on 2
September 2017; and
-- appointed a Director of Certainty Group Security Services
(Holdings) Limited and Certainty Group Total Facilities Management
(Holdings) Limited up until his resignation in December 2005. The
Company was placed into administration on 1 May 2006, entered
members voluntary liquidation on 14 November 2007 and was
subsequently dissolved on 9 September 2008.
The Board does not consider that they have any impact on Kevin
McNair's suitability to act as a director of the Company.
Save as disclosed above, there is no further information
required to be disclosed in respect of Kevin McNair pursuant to
Schedule Two, paragraph (g) of the AIM Rules for Companies.
via FTI Consulting
GYG plc Tel: +44 (0) 20 3727 1000
Remy Millott, Chief Executive
Officer
Kevin McNair, Chief Financial
Officer
Zeus Capital Limited (NOMAD Tel: +44 (0) 20 3829 5000
& Broker)
John Goold, Dominic King (broking)
Dan Bate, Nick Cowles, Jordan
Warburton (Corporate Finance)
FTI Consulting (Financial PR) Tel: +44 (0) 20 3727 1000
Alex Beagley
Fiona Walker
Sam Macpherson
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END
MSCGMGMLRRZGLZM
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