Last checked at 19 Aug 2008 07:00
Embargoed Release: 07:00 hrs Tuesday 19 August 2008
Avingtrans Plc (`Avingtrans' or the `Group') Board Appointment and Board changes
Avingtrans Plc, the designer, manufacturer and supplier of critical components and associated services to the medical, energy, industrial and global aerospace sectors, is delighted to announce the appointment of Stephen ("Steve") McQuillan as chief executive officer. The Group believes the appointment of this highly regarded and experienced figure will bolster the strength of the management team as Avingtrans continues to exploit the excellent prospects in its respective markets going forward.
Steve McQuillan, age 47, will commence his duties as CEO from 1st October 2008. He brings extensive expertise to the Group from the engineering and technology sectors as he was previously managing director of Serco Defence Operations, a leading integrated service solutions provider to the worldwide defence and aerospace markets, from 2005 to 2008. Prior to this, Stephen was the managing director of Oxford Instruments Superconductivity Ltd, a subsidiary of Oxford Instruments plc, the designer, manufacturer and support services provider of high technology tools and systems for industry research, space, energy and healthcare sectors.
In conjunction with this appointment, Roger McDowell, who has been acting chief executive and non-executive chairman during the interim period, will revert to non-executive chairman as from 1st October 2008.
Roger McDowell commented:
"I very much welcome Stephen to the Board of Avingtrans as group chief executive; I am delighted that someone of such a high calibre with a wealth of UK and overseas experience has agreed to join the Group. Stephen has first class knowledge of and expertise in engineering, technology and knowledge transfer markets, which will be invaluable to the Group as we continue to expand our businesses."
Steve McQuillan commented:
"I am looking forward to working with the team at Avingtrans where I see significant opportunities to grow the businesses in its respective markets. The Group has strong technical and commercial capabilities and our aim will be to leverage these over the course of time."
-ENDS-
For further information, please contact:
Avingtrans plc
Roger McDowell, Non-Executive Chairman
Tel: 0115 949 9020
KBC Peel Hunt Ltd (Nominated Adviser & Broker)
Julian BluntDavid AndersonTel: 020 7418 8900Hansard Group Adam ReynoldsTel: 020 7245 1100
In accordance with paragraph (g) of Schedule 2 to the AIM Rules for Companies, the following information is provided:
Current Directorships Past Directorships over last 5 years NPL Management Limited Oxford Instruments Superconductivity Limited Airto Limited Oxford Instruments Superconductivity Holdings Limited Oxford Instruments Molecular Biotools Limited Resonance Instruments Limited
There is no further information in respect of the above appointment required to be disclosed pursuant to paragraph (g) of Schedule 2 to the AIM Rules for Companies.
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