Steppe Cement Chairman Malcolm Brown To Retire For Health Reasons

Tue, 26th May 2015 08:37

LONDON (Alliance News) - Steppe Cement Ltd Tuesday said Non-Executive Chairman Malcolm Brown will retire on May 28 due to health reasons after holding the role for more than six years, but will remain a "loyal shareholder" of the company.

The company is seeking a replacement for Brown and Steppe will make an announcement in due course.

"The board, management and staff of Steppe Cement express their gratitude to Malcolm for his excellent contributions and service during a period of significant development and challenge and wish him the best of health," it said in a statement.

Steppe shares were down 0.9% to 23.30 pence per share on Tuesday morning.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Related Shares

More News

5 Apr 2024 16:55

LONDON MARKET CLOSE: US jobs growth adds to flagging hopes on Fed cuts

(Alliance News) - Stock prices in London closed firmly down on Friday, hit by concerns that the US Federal Reserve may cut interest rates later than h...

5 Apr 2024 11:37

Steppe Cement reports lower production, revenue in first quarter

(Sharecast News) - Steppe Cement said in an update on Friday that in the first quarter of 2024, it sold 175,383 tonnes of cement, generating KZT 3.78b...

5 Apr 2024 10:18

Steppe Cement shares down after disappointing first quarter sales

(Alliance News) - Steppe Cement Ltd shares sank on Friday, as the company reported a downturn in its Kazakhstani operations and announced a shareholde...

5 Apr 2024 09:35

AIM WINNERS & LOSERS: Gelion charges higher; Steppe Cement slumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish rema...