Last checked at 6 Dec 2010 07:00
Press Release | 06 December 2010 |
Hardide plc
("Hardide" or "the Group")
Retirement of Non-Executive Director & Appointment of Non-Executive Director
Hardide plc (AIM: HDD), the provider of unique surface engineering technology, announces that Hugh Smith will retire from his position as a Non-Executive Director of Hardide plc with effect from the AGM on 7 February 2011. At the same time, Mr Smith will also resign as Chairman of the combined remuneration and nomination committee and member of the audit committee of the Group.
Hugh (64) is retiring to enjoy time with his family and on leisure pursuits. He remains a committed and enthusiastic supporter of Hardide and intends to retain his shareholding for the foreseeable future.
Bruce Robinson (50) will replace Hugh as a Non-Executive Director and serve on both the audit committee and the combined remuneration and nomination committee with effect from the AGM. Bruce brings extensive experience of growing technology-based businesses and of the international oil and gas industry. He spent his early career as an engineer with oil services firms GeoVANN Inc. and Halliburton before becoming a founder shareholder and General Manager of Phoenix Petroleum Services, an engineering product and service company that was sold to Schlumberger for $33 million. He spent five years as a Director and Consultant to Scottish Enterprise where he led oil and gas technology development and internationalisation programmes. Since then, he has started, run and assisted a wide range of innovative companies developing and exploiting technologies in various industry sectors.
Bruce holds a Bachelor of Technology (Hons) in Industrial Technology and Management from Bradford University, a post-graduate diploma in Offshore Engineering and an MBA from Aberdeen University.
Robert Goddard, Non-Executive Chairman of Hardide plc said: "We are all enormously grateful to Hugh for his unstinting and constructive work on behalf of the company, particularly on the two main board sub-committees. We shall miss Hugh's wise counsel but wish him and his family well and hope to see him at future AGMs.
"Bruce's knowledge of the oil and gas sector, together with his experience in growing small, technology-based businesses will strengthen and add value to our board as we develop new and diversified applications for the Hardide coating technology."
Mr Robinson is, or has been in the previous five years, a Director of the following companies:
MindWeavers Plc
BrainBoost Ltd.
Oxford Informal Investor Syndicate Ltd.
Parktech Developments Ltd.
The Company confirms that there is no other information which is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.
- Ends -
For further information:
Hardide plc | |
Graham Hine, Chief Executive | Tel: +44 (0) 1869 353 830 |
Jackie Robinson, Corporate Communications | jrobinson@hardide.com www.hardide.com |
Seymour Pierce Limited | |
Guy Peters | Tel: +44 (0) 20 7107 8000 |
www.seymourpierce.com |
Notes to editors:
Hardide manufactures and applies tungsten carbide-based coatings to a wide range of engineering components. The Group's patented technology provides a unique combination of ultra-hardness, toughness, low friction and chemical resistance in one coating. When applied to components, the technology is proven to offer dramatic cost savings through reduced downtime and extended part life. Customers include leading companies operating in oil and gas exploration and production, valve and pumps manufacturing, general engineering and aerospace.