11 Jan 2016 07:00
11 January 2016
TP Group plc
("TPG" or the "Group")
Board Change
TP Group (AIM: TPG), the specialist engineering group focused on the aerospace & defence and energy & process industry sectors, announces that Mark Crawford has notified the Board of his decision to step down as Chief Financial Officer of the Group. Mark has decided to seek new opportunities that leverage his operational and commercial expertise, most likely within the FMCG sector.
Mark joined TP Group in 2009 to work with Phil Cartmell and the Board to lead the transition of the business from a capital intensive research and development business to an expected EBITDA breakeven and cash generative position for 2015.
TP Group has begun a search process to formally appoint a replacement for Mark who will continue to support the finalisation of the accounts for the 2015 financial year in addition to coordinating an orderly handover.
Phil Cartmell, Chief Executive Officer, commented:
"We would like to thank Mark for his significant contribution to the Group and we wish him the very best of luck with all his future endeavours."
For further information please contact:
TP Group Plc | |
Phil Cartmell, Chief Executive Officer | 01753 285 810 |
www.tpgroup.uk.com
| |
Cenkos | |
Stephen Keys / Mark Connelly www.cenkos.com
| 020 7397 8980 |
Vigo Communications | |
Jeremy Garcia / Fiona Henson | 020 7016 9570 |
www.vigocomms.com |
NOTES TO EDITORS
TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global Aerospace & Defence and Energy & Process Industries markets. The Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. TP Group shares have been traded on the London Alternative Investment Market (AIM) since July 2001.