Last checked at 10 Sep 2018 07:00
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
10 September 2018
Surface Transforms plc
("Surface Transforms" or the "Company")
Board appointment
Surface Transforms (AIM:SCE), manufacturers of carbon fibre reinforced ceramic materials, announces the promotion of Michael Cunningham, the Company's Finance Director, to the Board of Directors, with immediate effect.
Michael joined Surface Transforms in January 2018 (see "Appointment of new Financial Director" announcement dated 2 January 2018) and has brought considerable operational and financial experience to the Company having worked in different segments of the automotive sector for over 14 years, latterly being the Profitability Controller at Bentley Motors Ltd. He also has an MBA from the European School of Management and Technology, Berlin and gained the ACCA qualification in 2000.
Commenting on Michael's appointment, David Bundred, Chairman, said:
"We are delighted that Michael has accepted our invitation to join the Board. Since joining Surface Transforms, Michael has drawn upon his extensive experience of both large and small automotive companies contributing significantly to both improving financial discipline in the Company and to its wider strategic direction."
Michael Cunningham, aged 47, holds or has held the following directorships or partnerships in the past five years:
Current Directorships or Partnerships | Previous Directorships or Partnerships |
| Aquila Truck Centres Ltd Aquila Construction Equipment Ltd Aquila Truck Centres (Italia) Ltd |
Mr Cunningham resigned as a director of Aquila Truck Centres Ltd on 29 May 2014, which then entered into pre-packaged administration on 21 October 2014.
As previously announced in January 2018, Michael was awarded 990,000 options in the Company.
Save as set out in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
For enquiries, please contact:
Surface Transforms plc
Kevin Johnson, CEO +44 151 356 2141
Michael Cunningham, CFO
David Bundred, Chairman
Cantor Fitzgerald Europe (Nomad & Joint-Broker) +44 20 7894 7000
David Foreman / Richard Salmond (Corporate Finance)
Caspar Shand-Kydd (Sales)
finnCap Ltd (Joint-Broker) +44 20 7220 0500
Ed Frisby / Giles Rolls (Corporate Finance)
Richard Chambers (ECM)
For further Company details, visit www.surfacetransforms.com