27 Jun 2016 07:15
For Immediate Release
27 June 2016
General Industries PLC
("General Industries" or the "Company")
Board Changes
General Industries is pleased to announce that Susan Kane has been appointed to the Board of the Company with immediate effect, and as from 1st July 2016 she will replace Derek Joseph as Finance Director of General Industries. Derek will remain as a Non-Executive Director of the Company. Since the acquisition of Altair Consultancy and Advisory Services Limited, of which Ms. Kane is a director, she has served as the senior manager of General Industries responsible for finance and treasury. She is also Chairman of the Company's treasury management subsidiary, Murja Limited.
Jeff Zitron, Chairman of General Industries plc, commented "I am delighted to welcome Susan to the Board of General Industries and to confirm that she will be replacing Derek as Group Finance Director. Susan has been involved in all of the Group's acquisitions and will be a great asset to the Board. This appointment will help the board maintain the strength and depth necessary to implement the Company's growth strategy".
Ms. Kane is highly experienced in business planning and financial forecasting, conducting finance health checks and reviews, risk management, exit strategy formulation, project rescue, treasury management and capital financing, and project appraisal. She has significant finance and corporate experience in the consulting, local authority, housing association and voluntary sectors, advising and supporting a broad range of clients on developing and delivering their strategic ambitions and financial business plans. She has assisted organisations during mergers, helping them to strengthen and grow their organisations. Within the General Industries group, Ms. Kane has substantial experience in leading both specialist and diverse project teams, and in growing the business.
Prior to working in consultancy, Ms. Kane was Treasury and Corporate Services Manager for a London-based housing association where she gained substantial experience of corporate strategy, treasury management, investment and capital financing, strategic business and financial planning. She also has experience of operating at director level in both finance and development.
Susan Margaret Kane, aged 54, has held the following directorships and/or partnerships in the previous 5 years:
Current | Past |
Altair Consultancy and Advisory Services Limited | None |
Aquila Services Group Limited | |
Murja Limited |
Ms. Kane presently holds 3,279,441 ordinary shares in the Company, representing 10.06% of the Company's issued share capital. In addition, Ms. Kane also holds an option over 615,050 ordinary shares.
There is no further information to be disclosed pursuant to sections LR 9.6.11, LR 9.6.12 or LR 9.6.13 of the Listing Rules, FCA Handbook
For further information please visit www.general-industries.co.uk or contact:
General Industries plc
Derek Joseph, Group Finance Director
Tel: 020 7934 0175
Beaumont Cornish Limited, Financial Adviser
Roland Cornish
Tel: 020 7628 3396