Last checked at 6 Feb 2017 10:00
6 February 2017
Autins Group plc
("Autins" or the "Group")
Appointment of Chief Executive
Autins Group plc (AIM: AUTG), a leading UK designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, announces that Michael Jennings has today been appointed interim Chief Executive for a period of six months, during which time he will also serve as a member of the main Board. Michael will commence his duties with immediate effect and is being introduced to the senior management and staff of the Group this morning.
Mr Jennings has spent his career in industrial product and technology led businesses in the automotive, electronics and pharmaceutical sectors and, most recently, was Chief Executive of Hydro International plc, the previously AIM quoted global environmental solutions company, from July 2013 until its takeover in late 2016.
Prior to this Michael was the Managing Director of the Industrial and Pharmaceutical Divisions at BOC Group Plc where he led the successful sale of the Pharmaceutical Systems business from BOC to IMA Group in 2008. Following the sale Michael joined IMA as Managing Director of its Pharmaceutical division. Prior to this, other roles included Vice-President and General Manager of the Enclosure Systems Division at Flextronics, Director at the Thermo King Division of Ingersoll-Rand and Plant Manager in the Spark Plugs Division of AlliedSignal (now part of Honeywell).
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. Michael Gareth Brian Jennings, aged 47 years, has been a director of the following companies during the five years preceding the date of this announcement:
Current directorships | Past Directorships |
Nil | Hydro International plc |
Save as set out above there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.
Mr Jennings has no beneficial interest in the ordinary shares of the Company.]
Adam Attwood, Chairman of Autins, commented: "The Board is delighted that Michael has agreed to join Autins as interim Chief Executive. He brings with him a wealth of highly relevant experience and a tremendous track record of success in leadership roles for public companies from AIM to FTSE 100. The Board is confident that Michael will make a significant contribution towards delivering our strategy to expand into new markets and territories."
Michael Jennings commented on his appointment: "I am very excited to be joining Autins. The Group has a great opportunity to take its products and technology to new sectors and customers and I look forward to leading the business in its drive to deliver further growth from an increasingly diverse customer base."
For further information please contact:
Autins Group plc Adam Attwood, Non-Executive Chairman James Larner, CFO
| Via Newgate |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) Philip Davies Will Goode Callum Butterfield
| Tel: 020 7894 7000 |
Newgate Communications (Financial PR) Adam Lloyd
| Tel: 020 7653 9850
|
About Autins
Autins specialises in the design, manufacture and supply of acoustic and thermal insulation solutions primarily in the automotive sector but with an increasing focus on other sectors, including white goods, power generation, marine, apparel, rail, commercial vehicles and industrial sectors.
The Group is one of the leading UK suppliers of noise and heat management products in the automotive market, producing and supplying over two million parts per month to customers including some of the world's leading vehicle manufacturers.