20 Jun 2019 08:01
20 June 2019
Management Resource Solutions plc
("MRS" or the "Company")
Appointment of Non-Executive Director
Management Resource Solutions plc (AIM: MRS), a leading Maintenance, Fabrication, Civil and Earthworks company is pleased to announce the appointment to the Board of Robert Hackett as Non-Executive Director.
Robert has extensive experience across a variety of sectors, particularly in the mining and energy industries, where he has held various senior executive positions. Whilst CEO of MB Petroleum Services, Robert helped to drive an increase in the company's profit margin from 4% to 19% through a cost reduction programme, amongst other measures. Whilst CEO of Century Drilling he was in charge of turning the business' operational, cash flow and strategic underperformance around. From 2011 to 2014 Robert took up the role of Non-Executive Chairman for Hughes Drilling Ltd, during which time he played an integral part in the business' transformation, laying the groundwork for its subsequent merger with a private business.
Paul Brenton, CEO of Management Resource Solutions, commented:
"We are delighted to have an individual of Robert's calibre join the board. His breadth and depth of experience in helping natural resources companies transform their operations and his proven track record in driving operational cost reductions will be invaluable to MRS. His appointment further strengthens our Board as the Company continues to make good progress on its growth path."
The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:
Full name: Robert Maxwell Hackett
Age: 64
Current Directorships / Partnerships: Strathlyn Investment PTY Limited.
Past Directorships / Partnerships (past 5 years): Hughes Drilling Limited.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
ENDS
For further information:
Management Resource Solutions plc John Zorbas, Chairman Paul Brenton, CEO Tim Jones, Finance Director
| via FTI Consulting Tel: +44 (0) 20 3727 1000 |
Arden Partners plc (NOMAD & Broker) Tom Price Alex Penney Maria Gomez de Olea
| Tel: +44 (0) 20 37614 5900 |
FTI Consulting (Financial PR) Alex Beagley James Styles
| Tel: +44 (0) 20 3727 1000 |
About MRS
Management Resource Solutions plc (MRS), through its subsidiaries Bachmann Plant Hire and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, earthmoving, road construction and other support services to a wide base of private and public sector clients in Australia. MRS caters predominately for the mining, civil engineering, construction and infrastructure industries.
Further information on the Company can be found at http://www.mrsplc.info