Hardide PLC Appointment of CEO (9976H)
19 Juli 2012 - 8:00AM
UK Regulatory
TIDMHDD
RNS Number : 9976H
Hardide PLC
19 July 2012
19(th) June 2012
Hardide plc
("Hardide" or "the Group")
Appointment of CEO
Hardide plc (AIM:HDD), the provider of unique metal surface
engineering technology, is pleased to announce the appointment of
Mr Philip Kirkham (age 59) as Chief Executive Officer of the Group
with effect from 1(st) September 2012.
Mr Kirkham is a seasoned CEO with substantial international
experience and a strong background in marketing, sales and
production in the metal processing sector. Between 2008 and 2009,
he was CEO of private equity backed Material Advantage Group Ltd
which supplies machined and semi-machined metal components to the
oil and gas industry. Since then he has been the CEO of a company
operating in the industrial lighting industry.
Previously, from 2000 to 2006, Mr Kirkham held senior management
positions with Firth Rixson Ltd, the multi-national provider of
highly engineered products to high technology industries with a
turnover of GBP550 million and 2,000 employees worldwide. His roles
comprised Senior VP, Firth Rixson Metals Division and Managing
Director, Firth Rixson Special Steels.
Subsequently he joined Rolls Royce plc as Executive Vice
President (Rotatives) where he was responsible for its GBP400
million global operation and supply chain for rotating parts for
aerospace, industrial and marine gas turbine engines.
Mr Kirkham is a Chartered Engineer and a European Engineer (Eur
Ing) with a BSc in Chemical Engineering from the University of
Manchester and an MSc in Advanced Manufacturing Management. He is a
Fellow of both the Institution of Mechanical Engineers and the
Institution of Engineering and Technology. He developed his early
career with Sheffield Forgemasters and the British Steel
Corporation, starting out on their graduate development
programme
Robert Goddard, Chairman of Hardide plc commented: "We are very
fortunate that Phil has agreed to join Hardide at this exciting
time. The board is confident that his strong and relevant
background in metal processing combined with his extensive
commercial and management skills will prove successful in driving
the company to the next stage of growth. We look forward to working
with him to realise the great potential of Hardide and its
technology."
The following further details are given in accordance with Rule
17 and Schedule 2 (g) of the AIM Rules for Companies:
Current directorships/partnerships:
Kingfisher Lighting Ltd
Lime Spinney Solutions Ltd
Previous directorships/partnerships for the past five years:
Ancon Special Steels Ltd
ESS Steels Group Ltd
ESS Steels Holdings Ltd
Engineering Special Steels Ltd
HLW 227 Ltd
HLW 235 Ltd
Material Advantage Group Asia Sdn Bhd
Material Advantage Group Ltd
Nexus Precision Engineering Ltd
Sheffield Deep Bore Ltd
Special Alloy Steels Ltd
Mr Kirkham was also a director of DSF Refractories Ltd which
went into receivership in 1993 and was subsequently bought as a
going concern.
On joining, Mr Kirkham will be granted share options under the
Hardide plc EMI Share Option Scheme in relation to 20,000,000
ordinary 0.1p shares in the Group (the "Share Options"). The Share
Options vest as to 50% 30 months from the date of grant and the
remainder 60 months from the date of grant. The Share Options will
all have an exercise price per Share Option equal to the closing
price on the day of joining. If exercised now, the resulting shares
would represent approximately 2.1 per cent of the current issued
share capital of the Group.
There is no other information that is required to be included in
accordance with Rule 17 and Schedule 2 (g) of the AIM Rules for
Companies.
Ends
For further information:
Hardide plc
Robert Goddard, Chairman Tel: +44 (0) 1869 353830
Jackie Robinson, Communications www.hardide.com
Manager
N+1 Brewin
Andrew Craig/Ben Wright Tel: +44 (0) 203 201 3916
www.nplus1brewin.com
Note to editors
Hardide Coatings
Hardide develops, manufactures and applies tungsten
carbide-based coatings to a wide range of engineering components.
The Group's patented technology is unique in that it combines
abrasion, erosion and corrosion resistant properties in one
coating. When applied to metal components, the technology is proven
to offer dramatic cost savings through reduced downtime and
extended part life. Customers include leading companies operating
in oil and gas exploration and production, valve and pumps
manufacturing, general engineering and aerospace.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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