6 Dec 2012 07:00
Embargoed: 0700hrs, 6 December 2012
Cape plc
("Cape" or the "Group")
Appointment of Chief Financial Officer
Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, is pleased to announce the appointment of Michael Speakman as Chief Financial Officer with immediate effect.
Michael has 30 years of experience with public and private companies across a range of industries, holding senior operational, divisional and corporate roles, within TI Group plc and Smiths Group plc between 1982 and 2004, before being appointed as Chief Financial Officer for the oil field services company Expro International Group plc. In his position at Expro he played a key role in the development of the company from a FTSE small cap company to a business that was on the verge of breaking into the FTSE 100 when it was successfully auctioned and taken private in 2008. Since the change in ownership, Michael has been engaged in a combination of CFO and General Management responsibilities within Expro.
Michael holds a BSc in Engineering and he is a Fellow of the Chartered Institute of Management Accountants.
Joe Oatley commented: "I am delighted that Mike is joining Cape at what is an important time for the business. He brings a wealth of skills and experience to Cape and I am looking forward to working with him to develop and grow the business."
Michael Speakman commented: "I am excited to be joining Cape at this time and I look forward to building on the core strengths of the Group to deliver long-term value to shareholders."
Michael is a former director of Expro International Group plc. In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of Michael Speakman.
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Enquiries:
Cape plc |
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Joe Oatley, Chief Executive | +44 (0)20 3178 5380 |
Karen Menzel, Director of Investor Relations | +44 (0)20 3178 5408 |
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M:Communications |
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Patrick d'Ancona | +44 (0)20 7920 2347 |
Ben Simons | +44 (0)20 7920 2340 |
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Forward looking statements
Any forward looking statements made in this document represent the Board's best judgment as to what may occur in the future. However, the Group's actual results for the current and future fiscal periods and corporate developments will depend on a number of economic, competitive and other factors, some of which will be outside the control of the Group. Such factors could cause the Group's actual results for future periods to differ materially from those expressed in any forward looking statements included in this announcement.
About Cape:
Cape plc (www.capeplc.com), which is listed on the main market of the London Stock Exchange, provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies.
As a single source provider, Cape is able to provide a range of specialist multi-disciplinary services specifically tailored to meet the needs of the client providing the most intelligent and cost efficient solutions for our customers non-mechanical in-plant maintenance and capital needs.
In the year ended 31 December 2011, Cape reported revenues of £722.5 million. With scale and leading market positions across its international footprint, Cape employs over 19,000 people around the world.