LONDON (Dow Jones)--Corac Group PLC (CRA.LN), an Industrial Air Compression company, in the Oil and Gas industry, announced Monday that Phil Cartmell will combine the roles of Chief Executive Officer and Chairman and is appointed Executive Chairman with immediate effect. MAIN FACTS: -Corac continues to review the options for appointing additional Non Executive Directors to join the Board, but has no plans to make any changes at the current time. -Shares closed Friday at 17.50 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com (END) Dow Jones Newswires July 05, 2010 02:36 ET (06:36 GMT)