21 Dec 2016 08:00
21 December 2016
Management Resource Solutions Plc
Appointment of Chief Executive
The board of Management Resource Solutions Plc ("MRS" or "Company") is pleased to announce the appointment of Joe Clayton as full time chief executive of MRS with immediate effect.
My Clayton has over 40 years' experience in the mining industry including over 26 years leading mining operations, project developments and mining services businesses. He is a qualified mining engineer, a graduate of the Australian Institute of Company Directors, a Fellow of the Australian Institute of Mining and Metallurgy including being a Chartered Professional in Management.
Mr Clayton successfully implemented major change management programs at some of the most challenging mining operations in South East Asia and was CEO of SubZero Group through a restructure of the business with continuous positive trading in receivership to a successful sale to MRS.
Commenting on the appointment, Murray d'Almeida, chairman of MRS, said "MRS is particularly fortunate to have a person of Joe's calibre, experience and reputation to lead it. We look forward to him guiding the company's development and growth and making best use of the extensive opportunities in our sector."
The following information is disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules for Companies.
Graeme William ("Joe") Clayton, 59, is currently a director or partner of the following:
BDM Resources Pty Ltd
Hapidayz HWC Pty Ltd
Hapidayz Investments Pty Ltd
Hapidayz Super Pty Ltd
HHM Holdings Pty Ltd
JNP Resources Pty Ltd
MudScroll Pty Ltd
Yoothapina LLC
Within the past five years, Mr Clayton was previously a director or partner of the following:
Corporate Marketing Pty Ltd
Gunnedah Rugby Club Ltd
SubZero Group Ltd1
Yellow Kit Hire Pty Ltd
Note 1: SubZero Group Ltd was placed into administration and receivership on 1 February 2016. Certain assets of SubZero Group Ltd were acquired by MRS as detailed in the announcements of 11 August and 30 September 2016.
For further information:
Management Resource Solutions PLC c/o FTI +44 (0)20 3727 1000
Murray d'Almeida, Chairman
Timothy Jones, Finance Director
Northland Capital Partners Limited +44 (0)203 861 6625
(Nominated Adviser and Joint Broker)
William Vandyk
Gerry Beaney
Peterhouse Corporate Finance Limited +44 (0)20 7469 0932
(Joint Broker)
Charles Goodfellow
Lucy Williams
FTI Consulting +44 (0)20 3727 1000
Edward Westropp
Emilie O'Herne
Management Resource Solutions (MRS), through its subsidiaries Bachmann and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, civil earthworks, labour hire and other support services to a wide base of private and public sector clients in Australia. MRS caters predominately to the mining, civil construction and infrastructure industries.