LONDON (Alliance News) - Tricorn Group PLC Tuesday said Chairman Nick Paul will retire from his role as the end of the current financial year.
Paul has been chairman of the tube manipulation company since 2001. He will retire at the end of the company's financial year on March 31, 2015, Tricorn said in a statement following its annual general meeting Tuesday.
Tricorn swung to a pretax loss in the year to March 31, 2014, with increased revenues offset by restructuring costs and the cost of setting up its operations in China.
Tricorn shares were untraded on Tuesday, quoted at 17.5 pence per share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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