16 Jun 2010 07:00
| Press Release | 16 June 2010 |
Hightex Group plc
("Hightex" or the "Company")
Appointment of Chief Executive Officer and other senior management posts
Hightex Group plc (AIM:HTIG), a leading designer and installer of large membrane roofs and façades worldwide, is delighted to announce that it has appointed Frank Molter as its Chief Executive Officer with immediate effect.
Frank Molter joined Hightex in March 2004 as Finance Director and in April 2008 he also assumed the role of Chief Operating Officer. Following his appointment to Chief Executive Officer, Frank will concentrate on leading the business and implementing its strategy. He will relinquish his other roles but will be ably supported by the recent hires made to the senior management of the Company this year. These include Volker Hauch as Financial Controller, Rainer Schmidt as Senior Salesman and Frederich Naeher as Head of Technical Project Management.
Frank has an excellent all round understanding of the Group's business.His formal education has included degree studies in commerce and economics in Germany and a post graduate qualification after two years of study at HEC in France. He is fluent in German, French and English.
Charles DesForges, Executive Chairman of Hightex, said:
"We are delighted that Frank Molter has become the new CEO of the Hightex Group. Since joining the Company in 2004 he has made a huge contribution in helping the transformation of Hightex from a loss making business into a profitable and world leading position today. His appointment marks an important stage in the development of Hightex in the month that two of its projects - Green Point Stadium in Cape Town and Soccer City Stadium in Johannesburg, where the FIFA World Cup final will be held - are on show to a global audience."
Charles DesForges, David Walker and Charles Sebag-Montefiore continue on the Board in their respective roles of Executive Chairman, Chief Commercial Officer and Non-Executive Director.
- Ends -
For further information:
| Hightex Group plc |
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| Charles DesForges, Chairman | Tel: +44 (0) 20 7603 1515 |
| Charles Sebag-Montefiore, Non-Executive Director | www.hightexworld.com |
| FinnCap |
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| Geoff Nash, Rhydian Bankes, Corporate Finance | Tel: +44 (0) 20 7600 1658 |
| Simon Starr, Corporate Broking |
|
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| www.finncap.com |
Media enquiries
| Hudson Sandler |
|
| Nathan Field | Tel: +44 (0) 20 7796 4133 |
| nfield@hudsonsandler.com | www.hudsonsandler.com |
Notes to Editors
Hightex Group is a specialist provider of large area architectural membranes for roofing and façade structures. The membranes are typically used in roofs and façades for sporting stadia and arenas; airport terminals; train stations; shopping malls and other buildings. This type of structure is a competitive alternative to glass as it is lighter and safer as well as being flexible to create complex shapes and it can span larger areas. Hightex uses environmentally friendly materials and is focussed on innovative technology and coatings, which help to reduce a building's energy costs.
Hightex, one of only two international companies to design and install these structures worldwide, has been involved in the construction of a number of very high profile buildings including The Cape Town Stadium and Soccer City Stadium in Johannesburg, both for use in the FIFA 2010 competition, the Wimbledon Centre Court retractable roof, the roof of the Suvarnabhumi International Airport in Bangkok and the grandstand roof at Ascot Race Course.
The global market for membrane structures is estimated by the Hightex directors to approach around €350 million a year, and is growing as a result of the demand for energy efficient buildings and the popularity and cyclical nature of sporting events, which give rise to a continuing need for upgraded and new buildings and stadia.
Headquartered in Rimsting, Germany the Group employs approximately 55 people and is listed on the AIM market of the London Stock Exchange (LSE: HTIG). Further information on Hightex Group plc can be found at www.hightexworld.com.