21 Aug 2017 09:49
Management Resource Solutions plc
EPIC: MRS
21 August 2017
Management Resource Solutions plc
("MRS" or "the Company")
Board and Management changes
The Board announces that GW (Joe) Clayton will cease to be a Director and Chief Executive Officer of the Company, and all of its subsidiaries, with immediate effect.
Until a new Chief Executive has been appointed the senior managers of the two operating businesses, MRS Services Group (MRSSG) and Bachmann Plant Hire (BPH), will report directly to the Board.
MRSSG will be led by Jonathon McTaggart, who is promoted to the role of Chief Operating Officer of MRSSG, whilst Greg Bachmann will continue to lead BPH. Paul Brenton will assume responsibility for all group finance and administrative functions. Jonathon, Greg and Paul will report directly to the Board.
John Zorbas, Chairman of MRS said:
"I would like to thank Joe for his contribution to the Company, both in his initial role leading the MRS Services Group (formerly known as SubZero) which was acquired in September 2016, and latterly in his role as CEO since December 2016."
For further information:
Management Resource Solutions plc
John Zorbas, Chairman +1 (0) 778 938-7631
Nigel Burton, Director +44 7785 234447
Trevor Brown, Director +41 7941 55384
Northland Capital Partners Limited +44 (0) 20 3861 6625
(Nominated Adviser and Joint Broker)
Tom Price
Gerry Beaney
Peterhouse Corporate Finance Limited +44 (0)20 7469 0932
(Joint Broker)
Charles Goodfellow
Lucy Williams
This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. On the publication of this announcement via a Regulatory Information Service ("RIS"), this information is considered to be in the public domain.
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