LAM.L Regulatory News (LAM)

 12 November 2012

LAMPRELL PLC("Lamprell" or the "Group")

MANAGEMENT APPOINTMENT - INTERIM CFO

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that Frank Nelson has been appointed as Interim Chief Financial Officer and will join the senior management team with immediate effect.

Mr Nelson has over 25 years of experience in the construction and energy sectors. He joins Lamprell from construction and house-building group Galliford Try Plc, where he served as Finance Director until September 2012 (further biographical information is set out below). 

In the meantime, the Board continues to make progress in its search to recruit a permanent CEO, CFO and COO, and it will provide updates in this respect as appropriate.

John Kennedy, Chairman, Lamprell, commented: 

"The Board stated previously that it was looking to recruit experienced candidates in certain critical roles to help with the process of guiding the Company through this difficult period, and so I am pleased that Frank has agreed to join us on an interim basis. Frank's extensive experience and knowledge of working within a listed company will be hugely valuable to the Company as we continue to address some of the historical issues that the Company is facing. I would like to welcome him on board."

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Frank Nelson Biography

Frank Nelson has over 25 years of experience in the construction, contracting and energy sectors. Prior to joining Lamprell, Mr Nelson was Finance Director of construction and house-building group Galliford Try Plc from 2000 until October 2012. He was previously Finance Director of Try Group Plc from 1987, leading the company through its flotation on the London Stock Exchange in 1989, business expansion throughout the 1990s, and subsequently the company's merger with Galliford in 2001 to form a leading UK player in construction and house-building.

From 1984 to 1987, Mr Nelson was Divisional Finance Director at Wiltshier Group, the international contracting business, and prior to that he was a Management Consultant with Coopers & Lybrand (now part of PwC), concentrating on the energy, construction and services sectors. He led major Monopolies and Mergers Commission projects in the energy generation sector and large contracting assignments in the UK, Europe, the Middle and Far East.

Mr Nelson has been a Fellow of the Institute of Cost and Management Accounting since 1975.