20 Feb 2017 07:00
20 February 2017
APC TECHNOLOGY GROUP PLC
("APC" or the "Company")
Appointment of New Chairman
APC Technology Group PLC (AIM: APC), the provider of design, specification and distribution services for specialist electronic components and systems, lighting technologies and connectivity products, is pleased to announce that Anthony Lochery will be appointed Non-executive Chairman of the Company, and will join the Board as a Director, effective immediately following the Annual General Meeting of the Company on Friday 24 February 2017.
Tony Lochery has been chairing business to business service and distribution companies for the last 12 years and has an excellent record of value growth and realisation. He brings significant experience in strategy development and operational execution, for businesses trading in the UK and internationally. Tony has held Board positions for over 30 years including 13 Chairman positions and other executive roles. Prior to becoming non-executive, Tony built his own company, which was sold to Kwik Fit PLC, where he became Group Managing Director. After the sale of Kwik Fit PLC to Ford, Tony became Chief Executive of City Holdings, a privately owned facilities management company employing 10,000 people.
As previously announced, Leonard Seelig will retire as Chairman and as a Director of the Company immediately following the Annual General Meeting.
Richard Hodgson, Chief Executive, commented:
"Leonard Seelig joined the Company as Non-executive Chairman in January 2013 and has guided the Group through a period of significant realignment and refocusing of its operations and objectives in recent years. I would like to thank Leonard for his support during a period of major change in the Group's structure and strategy and wish him well in pursuing his other interests.
I am delighted that Tony Lochery is joining the Board as our new Chairman. Having previously worked with Tony, I know that he brings a wealth of experience of operational turnaround, growth and value creation. I am confident that he will make a significant contribution in our return to profitable growth."
Enquiries
APC Technology Group PLC +44 (0) 330 313 3220
Richard Hodgson, Chief Executive www.apcplc.com
Art Russell, Chief Financial Officer
Stockdale Securities Limited (Nominated Adviser and Broker) +44 (0)20 7601 6100
Mark Brown / Antonio Bossi / Edward Thomas
The following details in relation to the appointment of Mr Lochery are disclosed in accordance with Rule 17 and Schedule 2(g) of the AIM Rules:
Current Directorships:
Amistha Holdings Limited
Axelford Limited
GL Apartments Limited
Golden Living Limited
Homes by Woodford Limited
PDA Search & Selection Limited
Retail Price Improvement Ltd
Richbridge Limited
Woodford Civil Engineering Limited
Woodford Consulting Engineers Limited
Woodford Glasgow Limited
Woodford Homes Limited
Woodford Industries Limited
Woodford Land Limited
Woodford Regeneration Limited
Woodford Remediation Limited
Previous Directorships (held in past 5 years):
Ashdown Control Services Limited
Brand-Rex Holdings Limited
Cascade Technologies Holdings Limited
Cascade Technologies Limited
Evolve (Holdings) Limited
Evolve Energy Ltd
Evolve Topco Limited
F2007 Oldco Limited
Golden Charter Limited
Golden Charter Select Limited
Mercia Garden Products Limited
Nobbs & Jones Limited
Practice Plan Holdings Limited
Rosmian Limited
Supa Quick Limited
The Energy Solutions Group Topco Limited
Shareholding:
Mr Lochery holds no shares or other financial instruments in the Company.