Last checked at 28 Jan 2020 07:00
28 January 2020
Pressure Technologies plc
("Pressure Technologies" or the "Group")
Board changes
Pressure Technologies (AIM: PRES), the specialist engineering group, is pleased to announce that Tim Cooper today joins the Board of the Company as a Non-Executive Director.
Tim has significant experience at senior levels of international businesses in the industrial sector having spent the last 10 years at Victrex plc, a leading supplier of high performance polymer solutions, as managing director of the company's Industrial Division. Tim recently stepped down from the Victrex Board after serving seven years as an Executive Director, having announced his intention to retire in June 2020. Prior to joining Victrex in 2010, he held senior leadership positions at Umeco Plc, Tellermate Plc and Avery Berkel Ltd developing his earlier international career with GEC, British Petroleum Plc and Land Rover.
In November 2018, Tim was appointed a Non-Executive Director of Renold plc and recently became chair of the company's remuneration committee.
Sir Roy Gardner commented:
"I am delighted to welcome Tim to the Group. His experience of growing customer focused, quality driven manufacturing businesses will ensure that he adds real value to the Board."
For further information please contact:
Pressure Technologies plc |
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Chris Walters, Chief Executive | Tel: 0114 257 3616 |
Joanna Allen, Chief Financial Officer | pressuretech@investor-focus.co.uk |
N+1 Singer (Nomad and Broker) |
Tel: 0207 496 3000 |
Mark Taylor / Lauren Kettle
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IFC Advisory Ltd (Financial PR and IR) | Tel: 0203 934 6630 |
Graham Herring / Tim Metcalfe / Zach Cohen |
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Further information
In accordance with obligations under the AIM Rules Schedule 2(g), Timothy John Cooper, 60, holds or has held the following directorships in the previous five years:
Current directorships* | Past directorships |
Renold plc | Aghoco 1491 Limited |
| Invibio Device Component Manufacturing Limited |
| Invibio Knees Limited |
| Invibio Limited |
| Juvora Limited |
| Victrex plc |
| Victrex Trading Limited |
| Victrex Trustee Limited |
| Victrex USA Holdings Limited |
| Zyex Group Limited |
| Zyex Limited |
| Zyex Reclaim Limited |
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*This list excludes a directorship from which Tim resigned in 2003 but for which the requisite corporate filings have yet to be completed by the relevant parties.
There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.
The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.
Precision Machined Components (PMC) - www.pt-pmc.com
● Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH, which is based in Dorsten, Germany.
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